M&A Deal Summary

IQNavigator Acquires ProcureStaff Technologies

On January 8, 2014, IQNavigator acquired internet software and services company ProcureStaff Technologies from Volt

Acquisition Highlights
  • This is IQNavigator’s 1st transaction in the Internet Software and Services sector.
  • This is IQNavigator’s 1st transaction in the United States.
  • This is IQNavigator’s 1st transaction in New York.

M&A Deal Summary

Date 2014-01-08
Target ProcureStaff Technologies
Sector Internet Software and Services
Buyer(s) IQNavigator
Sellers(s) Volt
Deal Type Divestiture

Target

ProcureStaff Technologies

New York, New York, United States
ProcureStaff Technologies, Ltd. provides a vendor management system that allows business enterprises to manage various categories of services spend.

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Buyer(S) 1

Buyer

IQNavigator

Centennial, Colorado, United States

Category Company
Founded 1999
Sector Business Services
DESCRIPTION
IQNavigator's corporate headquarters in Centennial, Colorado.
IQNavigator's corporate headquarters in Centennial, Colorado.

IQNavigator is a provider of services procurement and optimization solutions. IQNavigator’s vendor-neutral Managed Service Programs (MSP) and SaaS services procurement platform enables companies to source, procure, manage and measure all categories of indirect services on a global basis. The data and processes available through IQNavigator’s platform allow clients to realize potential cost savings, efficiency gains, improved compliance, faster fulfillment times and better reporting capabilities. IQNavigator was established in 1999 and is based in Centennial, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Volt

Orange, California, United States

Category Company
Founded 1950
Sector Staffing
Revenue 885M USD (2021)
DESCRIPTION

Volt is a global provider of staffing services (traditional time and materials-based as well as project-based). The company's staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services, and managed staffing services programs supporting primarily administrative, technical, information technology, light-industrial, and engineering positions. Its managed staffing programs involve managing the procurement and on-boarding of contingent workers from multiple providers. Volt services global industries including aerospace, automotive, banking, and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation, and utilities. Volt was founded in 1950 and is based in Orange, California.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-17 Advice Consulting

Montevideo, Uruguay

Advice Consulting, a provider of staffing, recruitment and outsourcing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 Volt Delta International

Staines, United Kingdom

Volt Delta International Ltd. is a provider of cloud-based contact center services and voice self-service applications to organizations around the world. Volt Delta International Ltd. was founded in 1950 and is based in Staines, United Kingdom.

Sell -