WORKFORCE MANAGEMENT,EMPLOYEE ENGAGEMENT
LAWLOGIX | July 22, 2022
Equifax® (NYSE: EFX) announced today that it has signed a definitive agreement to acquire LawLogix, a leading provider of cloud-based I-9 software and immigration case management software, from Hyland. This acquisition will enable Equifax's largest and fastest-growing business, Workforce Solutions, to support employers and law firms with an even more comprehensive set of services as they manage amidst today's complex and rapidly changing employment and regulatory landscape.
"Reinvesting our strong cash flow in accretive and strategic bolt-on M&A is central to our EFX2023 growth strategy. This is our eleventh acquisition in the past 18 months and aligns with expanding Equifax capabilities for strong future growth, LawLogix will grow the industry-leading suite of employer services within our largest and fastest-growing business: Workforce Solutions. And with the Equifax Cloud™, we have the infrastructure in place for rapid integration - helping us to accelerate innovation and provide our customers with access to more capabilities, services and insights than ever before Equifax helps employers streamline vital processes for onboarding and managing the talent they need to help grow their businesses, The addition of LawLogix further demonstrates our commitment to providing customers with easy-to-use solutions that are grounded in deep industry expertise. We are a New Equifax that is expanding well beyond a traditional credit bureau - and we are just getting started."
-Mark W. Begor, CEO of Equifax.
LawLogix offers two cloud-based software as a service (SaaS) solutions: Guardian and Edge. Guardian helps employers with their Form I-9 and E-Verify requirements while providing a user-friendly I-9 workflow that supports organizations with a distributed workforce. Edge provides immigration law firms, non-profit organizations, and employers with comprehensive immigration case management software, including a customizable, easy-to-use client web portal. These solutions are supported by award-winning customer support representatives.
Based in Phoenix, LawLogix digitizes and streamlines labor-intensive I-9 and immigration processes while helping thousands of organizations, including several of the largest businesses and most recognized immigration law firms in the United States, comply with complicated regulatory frameworks. Its leaders and employees will join the Equifax Workforce Solutions business once the transaction has closed. No other parts of the Hyland business are included in the transaction.
"Employers and law firms recognize that the stakes are high when it comes to I-9 and immigration case management, That is why so many rely upon our solutions, which were developed by immigration law experts and are backed by decades of industry experience. We are energized by the opportunities before us, as we leverage Equifax technology and analytics to help benefit our clients and grow the business."
-John Fay, President, LawLogix.
ABOUT EQUIFAX INC-
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 13,000 employees worldwide, Equifax operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.
LawLogix assists millions of people every year through its innovative Electronic I-9 Compliance, E-Verify and immigration case management software. Founded in 2000, LawLogix is a trusted SaaS provider for many prestigious immigration law firms, organizations and corporations, including members of the Fortune 500. For more information about LawLogix and its suite of products, visit LawLogix.com.
Hyland is a leading content services provider that enables thousands of organizations to deliver better experiences to the people they serve.
RECRUITMENT & RETENTION
Job.com | August 02, 2022
Job.com, the data-driven, AI-powered recruitment platform, announced today the acquisition of PrincetonOne, a New Jersey-based talent solutions provider with an emphasis on Recruitment Process Outsourcing (RPO) and permanent recruitment services. The acquisition is a continuation of Job.com's strategic plan to develop revenue and reach by acquiring successful businesses and supporting intelligent growth with the application of Job.com's proprietary technology. Each acquisition provides an opportunity for the AI to continue learning from new data and subsequently delivers a more effective and efficient hiring process for recruiters and job seekers alike.
"PrincetonOne brings significant value to the market and our portfolio, and we are delighted to join forces, PrincetonOne has proven to serve their loyal client base with a high level of service, a fitting complement to the firms we previously acquired. We're looking forward to the opportunity to transform talent acquisition with PrincetonOne and our portfolio and moving toward modernization by applying our technology and augmenting the hiring process.We will continue to acquire and add successful staffing and recruitment firms to our portfolio this year and in 2023, and we fully intend to see exponential revenue growth as well as tremendous advancements in our technology. It's a very opportunistic time to be at Job.com"
-Paul Sloyan, Co-Founder and CEO, Job.com.
Founded in 2002 by Dave Campeas, PrincetonOne has a nationwide footprint and a diverse clientele, with special concentrations in pharmaceutical, biotechnology, manufacturing, retail, wholesale, and supply chain industries, as well as placements in functional areas such as accounting, finance, and HR. PrincetonOne has built a reputation for delivering best-in-class solutions ahead of the curve and competition. In May 2022, PrincetonOne was named to the Forbes List of Best Professional Recruiting Firms in the country for six consecutive years. PrincetonOne brings more than 130 employees to Job.com, increasing total full-time core employees to more than 300.
"We're delighted to be part of the Job.com team, With both companies working tirelessly to stay ahead of the curve through continual innovation, this is the ideal opportunity to foster growth and enrich PrincetonOne, while continuing to offer our clients the best possible service. The addition of Job.com's proprietary technology will help us bring PrincetonOne to the next level and we're excited to continue growing and innovating together."
-Dave Campeas Founder and President, PrincetonOne.
Job.com's technology aims to remove friction from the hiring process and every acquisition along with its inherent data enhances AI learning. By removing unnecessary steps and wait time, and layering in AI and automation, job seekers have a more positive and personalized experience. This AI and machine learning also enables Job.com to provide better, faster candidate matches for recruiters. The technology augments the recruiter experience further by allowing them to focus their time on high-value interactions with candidates. As firms continue to join forces with Job.com, more opportunity arises to create efficient candidate attraction, better fit placements, decreased hire time, and a human-first hiring process with consumer-level user experiences throughout.
We set out to make hiring better for candidates, clients, and recruiters alike, said Job.com Co-Founder and Chief Visionary Officer Arran Stewart. Each of our acquisitions allows Job.com to move toward fulfilling our vision of a digitalized recruitment industry, and with our technology, we aim to deliver an efficient, but always human-centric, hiring experience. Ultimately, we want jobseekers to be placed in their ideal job.
By joining forces, Job.com and PrincetonOne will be able to magnify the rapid growth experienced by Job.com's previous acquisitions, reaching more clients and candidates, and further revolutionizing the recruitment industry through Job.com's proprietary technology, intelligent AI, and data-driven solutions. With its focus on developing cutting-edge technology to design the future of recruitment, Job.com will give PrincetonOne the tools they need to realize their full potential, all while continuing to deliver on its mission to create a better, smarter, and more human hiring experience for all.
Although this is not the first acquisition for Job.com, it presents a huge opportunity for Job.com to continue moving the needle toward digitized, modern recruitment. The staff and leadership at PrincetonOne come to our portfolio with a fantastic reputation and I look forward to the immense value we will see from this union, said Stewart.
Acquisition remains a key element of Job.com's growth strategy, and it is positioned to continue tapping into the vast selection of great staffing and recruitment agencies currently operating within North America throughout 2022.
Job.com acquired cybersecurity-focused staffing firm HireVergence in 2020; healthcare and travel nursing-focused firm Fortus Group as well as RPO and contract staffing provider Endevis in August 2021; and most recently, per diem healthcare staffing firm QCI Healthcare in December 2021.
Job.com is a digital recruitment company with a unique perspective: Delivering technology and capabilities that shake up the market by bringing together a data-driven approach based in AI and machine learning with high level human capital delivered solutions, designed to efficiently attract and retain the right talent and provide consumer level user experiences throughout the hiring process. This combination provides true value and control to jobseekers, companies, and recruiting teams resulting in more effective talent acquisition, better fit career moves, and a more human hiring experience. Job.com's solutions are growing and evolving rapidly to serve multiple segments of the market and will come to represent the place where individual jobseekers manage their career path and employers find their next hire.
PrincetonOne is a nationally recognized talent solutions provider helping companies grow through four unique divisions—Recruitment Process Outsourcing, Professional Search, Executive Search, and Contract Staffing. Regardless of the size or scope of a project, PrincetonOne has the expertise to deliver scalable solutions that are positioned to deliver results. Its deep industry experience combined with a broad range of services and capabilities enables the firm to help companies reach the highest levels of excellence in their talent solutions. PrincetonOne has offices in New Jersey, Ohio, and Indiana.
RECRUITMENT & RETENTION
ServiceNow | June 06, 2022
On June 3rd, prominent cloud-based platform ServiceNow announced an agreement to acquire HitchWorks, a skill mapping solutions provider. ServiceNow will now be able to leverage Hitch Works’ capabilities of AI-enabled skills insights to help customers meet talent gaps. The resulting platform will align learning and development with workforce planning and empower organizations to match the right people to projects.
“If skills are the new currency for business, insight into these skills is critical to driving talent retention and adapting to evolving business needs. But skills management has historically been siloed, with numerous point solutions and fragmented processes that don't work together. With Hitch, ServiceNow will streamline skills intelligence on a single platform to help business leaders match employees with meaningful work.”
-Gretchen Alarcon, vice president and general manager of HR Service Delivery, ServiceNow
An IDC study revealed that North American CEOs believe that navigating talent gaps poses the biggest risk to organizations in 2022. The low rate of employee retention and a fast-changing landscape are putting immense pressure on organizations to effectively attract talent and retain it. Hitch Works’ AI and ML functionalities will help organizations identify employees that are best-matched to projects based on their skills and interests.
AI-powered skills intelligence is the foundation for the future of work,” Jerrehian further stated. “Joining forces with ServiceNow allows us to scale our skills and talent mobility solutions across a global ecosystem of business leaders, managers, and employees. Together we will make work more meaningful and purpose-driven for employees and deliver better business outcomes for companies.
“A productive and engaged workforce is the greatest asset of an organization. As we emerge from the pandemic and face the challenges of the Great Resignation, employee experience is the key differentiator to winning 21st century talent. ServiceNow will advance Hitch’s vision of creating the next generation of workforce and skills solutions.”
-Steven-Waiss, founder of Hitch