Mergers and Acquistions News
Categories: IT Services & Consulting
January 6th 2010, 16:54PM
Private equity firm Bedford Funding has announced the acquisition of Peopleclick, a leading provider of talent acquisition and workforce compliance solutions, for $100 million (£63 million).
Following the acquisition, Peopleclick will join with Authoria, an existing Bedford Funding portfolio company, with the combined entity trading as Peopleclick Authoria and continuing to serve nearly 60 per cent of the Fortune 100.
It is believed that the combination of the two independent brands will bring an enhanced suite of talent management software, services and consulting solutions to enterprise businesses globally.
"We are excited to now provide current and prospective customers the powerful combination of two leading brands and two deeply innovative and comprehensive suite providers in talent acquisition and talent management," commented Charles S Jones, managing partner of Bedford Funding.
The private equity firm acquired Authoria in September 2008 for a consideration of $63 million (£39 million), as well as providing an additional $8 million (£5 million) for investment in marketing and sales initiatives.
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