M&A Deal Summary

Openforce Acquires Flexible Workforce

On April 30, 2019, Openforce acquired information technology company Flexible Workforce

Acquisition Highlights
  • This is Openforce’s 1st transaction in the Information Technology sector.
  • This is Openforce’s 1st transaction in the United States.
  • This is Openforce’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-04-30
Target Flexible Workforce
Sector Information Technology
Buyer(s) Openforce
Deal Type Add-on Acquisition

Target

Flexible Workforce

Brentwood, Tennessee, United States
Flexible Workforce LLC is a contractor and vendor management platform for the courier, last mile, and logistics segments. Flexible WorkForce is a Revolutionary 3rd Party Administrator offering superior technology and the Industry’s most comprehensive menu of services and Multiple Solution Options customized to fit our Client's needs.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Openforce

Scottsdale, Arizona, United States

Category Company
Founded 2001
Sector Software
DESCRIPTION

Openforce is a provider of technology-driven services that reduce operating costs and mitigate compliance risk for companies using independent contractors. Openforce frees contracting companies from the burden of onboarding, contracting, and settlement processing while helping contractors build their business. Openforce’s cloud-based applications help businesses achieve more sustainable and profitable growth by removing financial, operational, and compliance barriers to getting business done. Openforce was founded in 2001 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1