Diversified offering to be introduced to the UK
and European markets; follows another year of solid organic growth
in 2017
European workforce management solutions provider PIXID, has
acquired Carerix, a Dutch-based CRM and ATS supplier, to further
strengthen its proposition and expand its operations.
Adding a leading supplier for CRM and ATS systems to its ranks
allows PIXID to reinforce its expertise, enhance its service
offering and strengthen the value chain offered to the temporary
employment sector.
The purchase also means PIXID can now add a presence in Benelux
to its existing offices in France, in the UK (since its acquisition
of The Internet Corporation in 2017) and its operations in
Germany.
A complete online software solution for recruitment and staffing
agencies, Carerix is currently helping more than 10,000 users every
day. It has a presence in 17 countries due to high-profile
relationships with major customers including Randstad, Adecco,
Manpower, T-Groep and DPA.
Carerix has a multi-level partnership programme and an ecosystem
which allows for a tailored offering and broader promotion of its
products among specific target groups. This tallies with PIXID’s
approach to enable clients of all sizes to efficiently manage their
temporary workers via a simple, scalable and cost-effective
platform.
PIXID’s proprietary technology is currently responsible for
filling one in four temporary positions in France, where it has
powered the temporary staff market. The acquisition of Carerix
further establishes it as a well-known digital platform for the
management of temporary workforces throughout Europe. The
acquisition is consistent with PIXID’s strategy of utilising its
scale to grow the core flexible workforce management business
stream and adding other staffing and recruitment solutions into the
overall portfolio.
In 2017, PIXID generated solid revenue growth of 23% and
Management is expecting to record revenues of around €25m in 2018.
Pixid now covers more than 90% of the temporary employment market
in France and has two million workers registered in its
database.
Etienne Colella, President of PIXID SAS, commented:
“Since 2004 we’ve continued to grow to the point where we now
represent a significant part of the temporary employment market in
France. But our ambitions are much wider than that and we are now
adding Benelux to our existing presence in France, the UK and
Germany. Each country has its own idiosyncrasies and we were keen
to choose the right partner with a strong market share and dynamic
innovation strategy – qualities that Carerix perfectly embodies.
The acquisition is the first phase of our introduction to this new
region, known to be a mature and vibrant HR marketplace. We are
confident that our combined solutions will make a significant
contribution to helping those sourcing and placing temporary
workers to reinvent their way of working and realise
efficiencies.”
Reinald Snik, CEO of Carerix, said: “As with PIXID, our
objective is to transcend borders and we already have a presence in
most European countries thanks to our relationships with key
customers. Becoming part of the PIXID Group will give us greater
scale to achieve these ambitions, while retaining our brand in our
home market. The acquisition is a real innovation opportunity which
will be mutually beneficial for both parties; our existing
customers and to open up and expand other staffing markets
throughout Europe.”
Jean-Michel Beghin, Managing Partner at Keensight Capital,
said: “We are delighted to support Etienne Colella in PIXID’s
new development stage, further to last year’s successful
integration of The Internet Corporation in the UK. We had
identified Carerix as it complements PIXID’s service, for its solid
growth profile based on SaaS model and led by a talented management
team, as well as for its highly appreciated innovation
capabilities. Its strong foothold in the Netherlands and throughout
Benelux will clearly contribute to strengthen PIXID's positioning
as a leading European digital platform for the management of
flexible workforce.”
-ENDS-
About PIXID
Created in 2004, PIXID is the leading VMS in France to offer a
complete SAAS application compliant with the many aspects of French
regulation for providing and using temporary staff. PIXID’s
platform enables clients of all sizes to efficiently manage its
temporary workers via a simple, scalable and cost-effective
platform. The PIXID offering manages recruiters, suppliers and
employment contracts while helping to ensure that its clients are
compliant with the latest employment regulations. More than 100,000
client locations are daily connected through PIXID to lower their
costs and work more efficiently with their suppliers on-line.
Today, the company deals with 4,000,000 contracts. Very innovative
services, like the electronic signature of HR contracts are
available to customers ranging from large accounts to SMB.
PIXID works in close partnership with the French Ministry of
Labour, Employment, Vocational Training and Social Dialogue in its
heartland and has established working relationships with The
Recruitment & Employment Confederation and The Association of
Professional Staffing Companies since its foray into the UK
market.
For more information, visit https://www.pixid.fr/en and follow
@PIXID_Group
About Carerix
Carerix supplies state-of-the-art recruitment and staffing
solutions that help corporate recruiters and intermediaries to find
the best match. The solutions are hosted in a SaaS model and
supplied via secure data centres. Carerix was founded in 2004 and
currently has more than 70 employees and over 720 clients,
including (divisions of) Randstad, USG, Adecco, DPA, Manpower and
specialised intermediaries in ICT, oil & gas, finance and
service industries. Carerix serves over 10,000 users every day, in
17 different countries, and collaborates with various strategic
partners in a strong eco-system. Carerix is located in the
Cornerstone Business Park at Rotterdam The Hague Airport.
For more information, visit www.carerix.com
About Keensight Capital
Keensight Capital, one of the leading European Growth Private
Equity firms, is committed to supporting entrepreneurs as they
implement their growth strategies. For almost 20 years now, our
team of seasoned professionals have leveraged their knowledge in
investment and growth industries to invest for the long term in
profitable companies with high growth potential and revenues in the
range of €15 million to €250 million.
Drawing on our expertise in a variety of sectors including
Internet/Media, Information Technology, Healthcare and Services, we
identify the best investment opportunities in Europe and work
closely with management teams to develop and achieve their
strategic vision.
For more information, visit www.keensightcapital.com
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version on businesswire.com: https://www.businesswire.com/news/home/20180419005571/en/
For PIXIDInstinctif PartnersMark Walter &
Barney McCarthyPixid@instinctif.com+ 44 207 457 2020orFor
Keensight CapitalAnne de
Bonnefonabonnefon@keensightcapital.com+33 1 83 79 87
37orCitigate Dewe RogersonAlienor
Miensalienor.miens@citigatedewerogerson.com+33 6 64 32 81 75