Access Group goes down under to acquire FastTrack

The Access Group is in discussions to make its second acquisition this year.

Business management software provider The Access Group has entered into a binding agreement to acquire FastTrack, a cloud-based recruitment platform that helps staffing organisations streamline and grow. 

The acquisition is currently going through all necessary regulatory approvals and the process is expected to be successfully concluded next week [week commencing 7 March 2022], a company statement said.

Access Recruitment, a division of the Access Group, supports agencies from start-up to scale-up, through to large enterprise players with technology that spans the entire front to back-office ecosystem.

FastTrack is a leading provider of end-to-end recruitment solutions in Australia and New Zealand and will bring its 60 members of staff to Access. Working with the Access’s 1,000-strong APAC team and its wider global employee base, FastTrack will support Access Recruitment’s delivery of customer solutions. 

The planned acquisition of FastTrack would be the second in 2022 for Access Recruitment following the acquisition of recruitment operating system Vincere in January.

FastTrack was acquired from Harbert Australia Private Equity and existing management. FastTrack was advised by K&L Gates and Gadens, and Access Group was advised by Corrs Chambers Westgarth.

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