M&A Deal Summary

Randstad Digital Acquires Torc

On May 16, 2024, Randstad Digital acquired information technology company Torc from Recognize Partners

Acquisition Highlights
  • This is Randstad Digital’s 1st transaction in the Information Technology sector.
  • This is Randstad Digital’s 1st transaction in the United States.
  • This is Randstad Digital’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-05-16
Target Torc
Sector Information Technology
Buyer(s) Randstad Digital
Sellers(s) Recognize Partners
Deal Type Add-on Acquisition

Target

Torc

Boston, Massachusetts, United States
Torc is a nearshore intelligent talent network connecting remote developers with jobs, provides career growth opportunities for its community, and a secure, AI-driven talent sourcing experience for companies. The company's emphasis on performance, productivity, and upskilling makes it the preferred platform for on-demand technical talent and the companies that need to hire them. Torc is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Randstad Digital

Diemen, Netherlands
Category Company
Sector Information Technology
DESCRIPTION

Randstad Digital is a digital enablement partner that facilitates accelerated transformation for businesses by providing global talent, capacity, and solutions across specialized domains. The company's digital talent solutions allow clinicians to seamlessly scale their team while connecting you with skilled professionals around the world who align with chosen technologies. Randstad Digital is based in Diemen, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Recognize Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2020
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Recognize Partners is an investment platform focused on building technology services companies. The Firm was formed in 2020 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Blend360

Columbia, Maryland, United States

Blend360 is a provider of services in data science and talent solutions. Blend360 was founded in 2016 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Blue Mantis

Portsmouth, New Hampshire, United States

Blue Mantis is a provider of product procurement services, project services, and maintenance and managed IT services for state, local, and education (SLED) institutions. Blue Mantis was founded in 1992 and is based in Portsmouth, New Hampshire.

Buy -
Mergr

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