Dreamtek | January 10, 2022
On January 5th, premier workforce solutions provider System One announced its acquisition of Dreamtek, a global video production company. System One acquired Dreamtek through its division TeamPeople and aims to expand its media offering by providing video production, live and virtual event solutions, and technical production expertise.
Dreamtek offers a wide array of solutions that connect media creatives, production services, multimedia and video engineers with organizations who need full-time professionals or freelance services.
"System One is committed to the expansion of our 5 strategic pillars, Engineering & Technical, Clinical & Scientific, Government & IT, Legal, and Digital Creative. The reputation, expertise, and strength of Dreamtek aligns with our vision of providing critical outsourced services to niche markets. Dreamtek's strong foundation and highly skilled team will create additional opportunity for our continued growth in the virtual live events space, video production, A/V support, and VR and AR areas.”
-Greg Lignelli, System One COO
"This collaboration expands our portfolio of services to help meet the demands of the virtual shift that has had an impact on creative and business communications. We believe our shared passion for people and innovation will aid in our efforts, making our services more impactful for our clients and audiences."
-Rachel Peters, EVP TeamPeople
RECRUITMENT & RETENTION
Oyster | December 03, 2021
Oyster®, the company that makes hiring people around the world compliant, human, and delightful is helping companies and contractors to work together quicker and easier than ever before. Oyster for Contractors covers the essential needs for compliant contracts, fast e-signatures, accurate payouts, and tax form collection all in one place.
When hiring contractors, companies are often under pressure to either put up with lengthy onboarding processes or hire quickly at the risk of compliance and payment accuracy. Contractors also face unnecessary stress, wondering when and how they'll be paid for their work. In the world of distributed work, companies increasingly need the ability to hire quickly, compliantly, and safely pay their contractors anywhere in the world, using any currency and with a transparent currency exchange rate. Likewise, contractors need to be able to focus on the job they were hired to do, instead of worrying about being paid on time.
Oyster for Contractors provides a speedy, streamlined experience for companies and contractors. Instead of days, onboarding new contractors only takes a few minutes. The new product facilitates a smooth experience across hiring, payroll, and tax compliance, the latter of which is made easy by the inclusion of relevant forms such as the U.S. IRS' Form 1099. Companies can engage contractors who live in countries outside of where those companies maintain their own entities — for example, a U.S.-based company engaging with contractors in Spain. Similarly, Oyster for Contractors can also support companies that wish to engage in-country contractors, such as a U.S.-based company engaging a U.S.-based contractor.
"Providing everyone access to great job opportunities, irrespective of location, is key to the work revolution we're all living in today. Accessing the global talent pool, however, still comes with certain challenges, particularly for companies hiring contractors. Many companies continue to deal with inconsistent hiring processes and compliance risk, With Oyster for Contractors, both contractors and companies can put their minds at ease, knowing they will have a smooth and seamless experience. This follows our commitment to democratizing access to both talent and careers globally."
- Jack Mardack, Cofounder of Oyster®.
Oyster® is on a mission to create a more equal world by making it possible for companies everywhere to hire people anywhere. The company's distributed HR platform allows companies to deliver locally compliant payroll and benefits, as well as a smooth onboarding experience to full-time employees and contractors regardless of their location. The company was founded in January 2020 by Tony Jamous and Jack Mardack, and Oyster is itself a fully distributed company with employees all over the world. It raised a series A round of $20M in February 2021, which was followed in June by a series B round of $50M.
Kelly | March 11, 2022
On March 9th, premier talent platform, Kelly announced the acquisition of Recruitment Process Outsourcing (RPO) and outsourced talent provider RocketPower. The acquisition will further strengthen Kelly’s RPO practice and expand RocketPower’s ability to serve fast-growing U.S. tech firms.
RocketPower is headquartered in Silicon Valley, CA. The company will operate under its brand name as well as staff and current leadership.
"We are excited to welcome RocketPower to Kelly; it's a compelling proof point of the strategy behind the APAC transactions we announced last month to unlock capital and redeploy it to add high-margin, high-growth assets to our core businesses. With our acquisition of RocketPower, we've done just that by adding a business to KellyOCG whose strategy and emphasis on RPO and high-tech talent aligns with our growth priorities."
-Peter Quigley, president and chief executive officer of Kelly
"The pandemic coupled with fluctuating talent acquisition trends are driving tremendous growth in the RPO market now more than ever. This acquisition significantly expands KellyOCG's RPO solution and delivery offering across the globe and enhances our specialty RPO strategy and expertise and provides us with another entry point into the high-tech industry. We're thrilled about the possibilities that will come from this partnership with RocketPower and elevating our position to become one of the top RPO providers in the market."
-Tammy Browning, president of KellyOCG
"RocketPower is excited to join the Kelly team and take the next step to build upon our solid foundation for growth. Together, RocketPower and Kelly will be a force to reckon with in the RPO market. Kelly's long-standing commitment to leadership in the RPO industry, its aggressive growth strategy, ongoing tech investments, and its deep expertise – combined with RocketPower's unique delivery model and strong talent acquisition experience – will empower our collective team to unlock tremendous growth opportunities and continue delivering considerable value to our clients and to our team."
-Mathew Caldwell, founder and chief executive officer of RocketPower,