LONDON – 19 Jan 2017 –
Bond International Software, worldwide provider of staffing and recruitment software solutions, and TempBuddy, the multi-award winning contingent workforce software innovator, come together under common leadership.
Both organisations were selected for recent acquisition by Symphony Technology Group (STG), which has a successful history of building leading global companies at the intersection of software, analytics and services with a strong presence in the Human Capital Management (HCM) space.
William Chisholm, Managing Director and Chief Investment Officer, STG, comments, “Bond and TempBuddy deliver a unique and compelling solution that addresses both sides of the recruitment and staffing equation: permanent or direct hire, plus the ever-growing contingent workforce. By leveraging each other’s strengths of world-class staffing software and award-winning technological innovation alongside STG’s backing and strategic input, they are poised to become global staffing software market leaders.”
To reinforce the increasingly global focus of the business, the partnership will be driven by Tim Giehll who joins as Group CEO, with Roderick Smyth, CEO of TempBuddy, taking a broader role of Chief Product and Strategy Officer. Giehll joins from Field Nation, where he was EVP of Operations, having previously been employed as Chief Revenue Officer with Avionte, and prior to that with Bond as Global Chief Marketing and Strategy Officer in the US.
Sunit Mukherjee, Principal, STG, states, “Tim is an accomplished executive who brings deep industry and financial management knowledge together with significant operational and leadership experience. The majority of his career has been overseeing and executing the transformation, growth and development of market leaders and fast-growing start-ups in the recruitment software ecosystem. Under his steer, the companies will build on their joint strengths, drive long-term growth through continued innovative product development and increase customer satisfaction.”
The two companies will retain separate corporate structures, whilst sharing joint leadership to form a tight partnership. This will allow them to operate together, but also separately so that staffing companies can choose their own CRM and still benefit from TempBuddy’s revolutionary contingent workforce software.
An integrated acquisition and workforce management suite is prioritised on our product roadmap, whilst stand-alone software solutions will continue to offer staffing organisations freedom of choice.
Regarding the strategic direction Giehll, explains, “With the unification of Bond’s time-tested staffing solutions and the Uber-like user experience of TempBuddy, we will create a new mobile-based software solution that will revolutionise the global staffing industry.”
Roderick Smyth, CEO of TempBuddy and Group Chief Product and Strategy Officer, adds, “At TempBuddy our vision has always been to make contingent work easier and more rewarding and our game-changing SaaS platform and worker app have already been adopted by users in over 1000 cities across three continents. Our workforce management software is now underpinned with an infrastructure to accelerate our reach giving staffing organisations and their clients competitive advantage, whilst simultaneously enhancing candidate experience.”
Toby Conibear, Group Sales Director, concludes: “the investment by STG allows us to fast-track development of our our global flagship products AdaptUX and AdaptSuite. The leadership team is comprised of key personnel from both Bond and Tempbuddy ensuring that our planned growth is backed by exemplary customer service and product knowledge to further enhance our position in the continually evolving staffing and recruitment marketplace.”
For further information
About Bond International Software www.bondinternationalsoftware.com
David Beesley/Hazel Pace
+44 (0)207 183 8200
Bond International Software has been a global provider of staffing and recruitment software for over 40 years and is headquartered in the United Kingdom with offices in the United States, Australia, Japan, Singapore, China and Hong Kong. Established in 1973 it has consistently maximised investment in the development of its technology to stay at the forefront of the staffing industry.
AdaptUX, their flagship product, is a powerful staffing software system delivering the ultimate user experience to enable recruiters to be as effective as possible and gain competitive advantage. As the central hub of all recruitment activity, AdaptUX streamlines processes to provide consultancies of all sizes with cutting-edge tools to grow their business. In the US Bond’s product portfolio also encompasses AdaptSuite, together with StaffSuite and eEmpACT.
Customers include some of the largest recruitment agencies in the world and a large number of private sector organisations, including: Adecco, Hays, Michael Page and Manpower.
About TempBuddy www.tempbuddy.com
Rachael Moss, Marketing Director
+44 203 627 6323
TempBuddy’s multi-award winning workforce management software enables staffing companies to get their best workers to the right place at the right time, paid promptly and accurately using smart mobile technology. The revolutionary staffing software “uberises” their contingent candidate database, providing them with an on-demand workforce.
Staffing companies improve their productivity, win business and cut costs by using TempBuddy’s game-changing workforce management platform and worker app. The software integrates real-time availability, scheduling and deployment, biometric time capture, pay and bill, onboarding and compliance. Risk is mitigated through biometric, geo-targetted worker verification. Time capture is fully automated eradicating paper timesheets and associated human error.
About Symphony Technology Group (STG) www.symphonytg.com
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great technology and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 19 global companies.