GlobeNewswire | November 02, 2023
Asure Software an established provider of cloud-based Human Capital Management (“HCM”) software solutions, and Lendio, the smart lending platform that connects small business owners with new possibilities, jointly announced today the launch of Lendio in the Asure Integrations Marketplace. One of Asure’s main strategic pillars is to help clients gain access to growth-sustaining capital. This collaboration gives Asure's clients access to Lendio's comprehensive suite of business financing solutions, all delivered through a single, online application. With this integration, businesses can now effortlessly explore a wide range of funding options, ensuring they have the financial resources to survive, grow and thrive.
"Asure is committed to offering our clients the best tools and resources to support their growth," said Asure Chairman and CEO, Pat Goepel. "By integrating Lendio into our marketplace, we're ensuring that our clients have direct access to top-tier financing solutions that can propel their businesses forward."
Lendio, known for its one-stop-shop approach to business finances, offers a variety of loan types tailored to different industries and business needs. Their platform has helped over 350,000 small and medium sized businesses access over $13 billion in business financing.
said Brock Blake, Lendio CEO and Co-Founder.
We’re working to create a world where small businesses survive and thrive, and access to capital is a crucial part of that. By being a part of the Asure marketplace, we can reach more businesses and provide them with the financial tools they need to succeed. We’re thrilled to now be part of their platform and available as a resource to their vast customer base.
The integration also comes at a pivotal time when businesses are looking for ways to navigate the financial challenges posed by the global pandemic. Asure and Lendio both recognize the importance of providing businesses with the necessary tools and resources to overcome these challenges and continue a path of growth.
About Asure Software
Asure Software provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure's suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company's approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions.
PR Newswire | November 03, 2023
Kelly a leading global specialty talent solutions provider, today announced that it has entered into a definitive agreement to sell its European staffing business to Gi Group Holdings S.P.A. ("Gi"), one of the largest staffing companies in Europe, for cash consideration of up to €130 million. The transaction is expected to close in the first quarter of 2024, subject to receipt of required regulatory approvals and other customary closing conditions.
Under the terms of the agreement, Kelly will transfer its European staffing business within its International operating segment to Gi. Kelly provides staffing services to customers in 14 countries across Europe. The company will retain its managed service provider, recruitment process outsourcing, and functional service provider (FSP) business with customers in the Europe, Middle East, and Africa (EMEA) region.
Following the close of the transaction, Kelly will maintain its global footprint and continue to provide MSP, RPO, and FSP solutions to customers in the EMEA region through KellyOCG, Kelly's outsourcing and consulting group. As a leading global vendor-neutral provider of talent supply chain strategies and workforce solutions, KellyOCG leverages a network of 3,000 suppliers spanning 140 countries – including Gi – to connect customers across North America, Asia Pacific, and EMEA with top talent to grow their businesses. In Everest Group's 2023 PEAK Matrix®, KellyOCG was recognized as a leader and major contender for its MSP and RPO solutions, respectively, with the latter earning KellyOCG star performer status. Everest Group also recognized KellyOCG as a leader and star performer in statement-of-work (SOW) management.
said Peter Quigley, president and chief executive officer.
The sale of Kelly's European staffing business demonstrates our commitment to taking bold, transformative action to optimize our portfolio and maximize value creation. This transaction unlocks significant capital to pursue organic and inorganic investments in our chosen specialties. Furthermore, it sharpens our focus on our higher margin, higher growth global MSP solutions, global RPO solutions, and specialty outcome-based and staffing services in North America. Together, we expect these outcomes will accelerate Kelly's progress toward achieving a normalized, adjusted EBITDA margin in the range of 3.3% to 3.5% as we shared in August and drive profitable growth over the long term.
The transaction is the latest in a series of strategic actions Kelly has executed to unlock capital in pursuit of its specialty strategy and further optimize its operating model, which includes monetizing non-core real estate holdings and businesses; unwinding Kelly's cross-shareholding arrangement with Persol and reducing the company's ownership interest in PersolKelly, its Asia-Pacific staffing joint venture; selling its operations in Brazil and Russia; and most recently, implementing strategic restructuring actions which enhance organizational efficiency and effectiveness.
Quigley and Olivier Thirot, executive vice president and chief financial officer, will provide additional details about this transaction as it relates to the company's specialty strategy during its upcoming third-quarter earnings conference call on November 9, 2023.
Business Wire | October 27, 2023
Businesses and technology workers should acquire and implement new skills, including generative AI capabilities, “cautiously but continuously” as talent acquisition power swings back to the employer, says an expert with Information Services Group (ISG) leading global technology research and advisory firm.
Speaking during the annual All Day DevOps virtual event today, Ola Chowning, partner and Digital lead for ISG North Europe, said the rise of new AI technologies and increased globalization are changing the balance of power in the global market for IT talent. Software developers and IT operations professionals, she said, are being forced to skill up or be left behind.
2023 has been the year of widespread worry about the ‘AI-apocalypse. The potential implications of generative AI, the growing maturity of the DevOps skills market and the willingness of employers to source cost-effective digital talent from new geographies like Spain, Portugal, Mexico and Vietnam, have put additional strain on an already nervous talent market.
Chowning’s comments came during her 30-minute online presentation, “DevOps Talent & Skills - 2023 Update,” today at 1 p.m., U.S. Eastern Time. This is Chowning’s sixth consecutive appearance at All Day DevOps, the largest event of its kind in the industry.
In her presentation, Chowning explored how organizations and DevOps experts are coping with a changing global market for IT talent that is being impacted by technology that can deliver dramatic increases in productivity, and at the same time, also increase employee concerns over job stability.
Chowning said organizations and DevOps practitioners need to lean into AI’s abilities to generate original ideas, designs and solutions, simulate outcomes of creative strategies, allow team members to collaborate with less friction and deliver greater insight and efficiency with cautious optimism rather than fear, uncertainty or doubt.
“We are not in an AI apocalypse,” she said. “Companies that can stay agile in the face of rapid change in technology, promote self-learning and empower talent will see a real boost in innovation, productivity and continuous transformation. The key for businesses and DevOps practitioners alike is to proceed cautiously but continuously.”
Leaders should establish an AI architecture and environment (including appropriate policies as necessary) and educate IT teams in how to recognize, access and use the right AI tools for the right job, ideally through an already established cognitive framework and environment for AI tools and capabilities, she said.
“Technology employees know that natural language processors and service provider talent and skill sets in traditional and emerging geographies are likely to be part of organizations’ labor strategies,” Chowning said. “Despite this shift in power, deep technology skills and expertise will never lose their value. Organizations should be transparent about their company and IT values to attract employees even in turbulent times.”
The eighth annual All Day DevOps 24-hour live stream event started at 3 a.m., U.S. Eastern Time, today. The conference features 180 practitioner-led sessions, across six tracks: CI/CD Continuous Everything; Modern Infrastructure; DevSecOps; Cultural Transformation, Site Reliability Engineering and the Software Supply Chain.
ISG (Information Services Group) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.