M&A Deal Summary

WorkMarket Acquires OnForce

On August 10, 2017, WorkMarket acquired software company OnForce from The Adecco Group

Acquisition Highlights
  • This is WorkMarket’s 1st transaction in the Software sector.
  • This is WorkMarket’s 1st transaction in the United States.
  • This is WorkMarket’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2017-08-10
Target OnForce
Sector Software
Buyer(s) WorkMarket
Sellers(s) The Adecco Group
Deal Type Divestiture

Target

OnForce

Lexington, Massachusetts, United States
OnForce, is a SaaS technology-enabled workforce solutions, empowers companies of all sizes in all industries to gain a competitive edge in how work gets done. Its business model allows customers to rapidly grow their businesses, lower service costs, extend skill-sets, and generate new streams of revenue.

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Buyer(S) 1

Buyer

WorkMarket

New York, New York, United States

Category Company
Founded 2010
Sector Software
DESCRIPTION

WorkMarket, Inc. is a provider of work automation software as it continues to expand its portfolio of enterprise and technology service customers. WorkMarket helps companies manage their integrated workforce in a simple, secure and compliant manner. WorkMarket's innovative solutions include tools to source and vet independent workers, manage their engagements, and pay and evaluate these workers. WorkMarket was founded in 2010 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

The Adecco Group

Zurich, Switzerland

Category Company
Founded 1957
Sector Staffing
Employees35,089
Revenue 23.1B EUR (2024)
DESCRIPTION
Entrance to Adecco office in Stockholm, Sweden.
Entrance to Adecco office in Stockholm, Sweden.

The Adecco Group is an HR solutions provider that offers a wide variety of services, connecting more than 650,000 associates with clients daily. The Adecco Group was founded in 1957 and is headquartered in Zurich, Switzerland.


DEAL STATS #
Overall 2 of 5
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 5
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Penna Consulting

London, United Kingdom

Penna Consulting plc are a global people management business with an exceptional track record in the HR Services industry. Company experience and expertise spans three areas of organisational life where people have the power to make a big difference- Recruiting the right talent, developing people to fulfil their potential and managing career transitions when staff move on.

Buy £105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 Vettery

New York, New York, United States

Vettery, Inc. is a digital professional permanent recruitment marketplace. Vettery’s online recruitment platform connects over 4,000 top employers with highly-qualified, well-suited candidates across the IT, sales and finance verticals. Its machine learning algorithms are applied to identify in-demand talent to bring onto the platform, analyse clients’ existing hiring activity and recommend appropriate candidates.

Buy -