OMG! As most everyone in the staffing industry heard on Thursday, October 21, 2010, Bond Adapt out of the U.K. acquired VCG out of Atlanta. For the staffing industry here in the U.S., this is the biggest
Staffing Software M&A news in years. In fact, I’d rank it in the
top 3 ever. Not only the size of the purchase ($9MM), but also the
number of clients/users affected by the acquisition.
So – what does this mean to the staffing industry, Avionté and VCG clients?
I have educated guesses on the latter question, but really it is too early to know for sure. Many Avionté employees had asked me what does
this mean to us – which I responded in a companywide email. Let me go
over those highlights. First, a bit of history….
The other two notable acquisitions that have happened in this industry, in my opinion are: