8 Acquisitions of Companies in the Outsourcing Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Outsourcing industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 8 acquisitions that took place in the Outsourcing industry.

Ravix Group acquired by Kingsway Financial Services

Details about the transaction:

Acquisition amount:

$11,000,000

Announcement:

4 October 2021

Details about the company:

For the purpose of outsourcing the services of finance/accounting and human resources, Ravix Group offers seasoned consulting knowledge.

Headquarter:

San Jose, California, United States

Where to find them:

Industry:

Consulting, Financial Services, Outsourcing

Details about the buyer:

One of the biggest non-standard truck and automotive insurers in North America is Kingsway Financial Services.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

TotalSoft acquired by Logo Yazilim

Details about the transaction:

Acquisition amount:

$33,694,076

Announcement:

2 September 2016

Details about the company:

TotalSoft offers services for developing bespoke software and project management systems.

Headquarter:

Voluntari, Bucuresti, Romania

Where to find them:

Industry:

Information Technology, Outsourcing, Software

Details about the buyer:

The largest independent software provider in Turkey, Logo Yazilim offers HR solutions as well as corporate application development.

Headquarter:

Gebze, Kocaeli, Turkey

Where to find them:

Cedrec Information Systems acquired by Marlowe Plc

Details about the transaction:

Acquisition amount:

$3,762,496

Announcement:

24 May 2022

Details about the company:

A digital platform called Cedrec Information Systems offers environmental, health, and safety (EHS) data and information.

Headquarter:

Gateshead, Gateshead, United Kingdom

Where to find them:

Industry:

Consulting, Information Technology, Outsourcing

Details about the buyer:

Marlowe Plc specializes on acquiring and growing companies in the industry of outsourced business services.

Headquarter:

London, England, United Kingdom

Where to find them:

Paygroup acquired by Deel

Details about the transaction:

Acquisition amount:

$79,952,583

Announcement:

21 November 2022

Details about the company:

Paygroup is a supplier of cloud-based Human Capital Management (HCM) software and business process outsourcing (BPO) services.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Human Resources, Outsourcing, SaaS, Software

Details about the buyer:

Deel is a platform for payroll and compliance for foreign workers and contractors.

Headquarter:

San Francisco, California, United States

Where to find them:

SMARTCAMP acquired by Money Forward

Details about the transaction:

Acquisition amount:

$18,000,000

Announcement:

12 November 2019

Details about the company:

A firm called Smart Camp offers online B2B marketing services.

Headquarter:

Tokyo, Tokyo, Japan

Where to find them:

Industry:

B2B, Lead Generation, Lead Management, Outsourcing, Virtual Currency

Details about the buyer:

Online personal accounting solutions from Money Forward help people better manage their everyday costs.

Headquarter:

Tokyo, Tokyo, Japan

Where to find them:

Business HR Solutions acquired by WorkNest

Details about the transaction:

Acquisition amount:

$7,650,121

Announcement:

8 June 2022

Details about the company:

Business HR Solutions offers knowledgeable support and outsourced consulting for the workplace.

Headquarter:

Kettering, Nottinghamshire, United Kingdom

Where to find them:

Industry:

Employment, Human Resources, Outsourcing

Details about the buyer:

WorkNest offers outsourced HR, health and safety, and employment legal services.

Headquarter:

Chester, Cheshire, United Kingdom

Where to find them:

Shaw Gibbs acquired by Apiary Capital

Details about the transaction:

Acquisition amount:

$11,170,414

Announcement:

3 November 2022

Details about the company:

Shaw Gibbs offers services in corporate finance, outsourcing, payroll, accounting, auditing, taxation, and accounts software.

Headquarter:

Summertown, Oxfordshire, United Kingdom

Where to find them:

Industry:

Accounting, Consulting, Financial Services, Outsourcing

Details about the buyer:

In England and Wales, Apiary Capital is a Limited Liability Partnership.

Headquarter:

London, England, United Kingdom

Where to find them:

Extend It Resource acquired by Beryl8

Details about the transaction:

Acquisition amount:

$17,870,279

Announcement:

16 May 2022

Details about the company:

Extend It Resource provides software solutions, product development, consulting, and outsourcing for the IT industry.

Headquarter:

Bangkok, Krung Thep, Thailand

Where to find them:

Industry:

Consulting, Information Technology, Outsourcing, Product Design, Software

Details about the buyer:

The only Salesforce Platinum Partner in Asia is Beryl8.

Headquarter:

Huai Khwang, Krung Thep, Thailand

Where to find them: