Gowi Acquisition Accelerates Bond’s Creation of a Fully
Integrated Human Capital Supply Chain
Global Leader in Staffing & Recruiting Software
Closes Groundbreaking Deal
GORING, WEST SUSSEX, U.K. (26 December, 2006) – Bond
International, the global leader in staffing and recruiting
software, has taken the next strategic step toward its goal of
creating a fully integrated human capital supply chain with
the acquisition of Gowi Group Plc.
The groundbreaking
move, announced today, expands Bond reach into several key new
areas, including traditional human resource software, payroll
processing and Web services.
“Bond has gone further
than any other company in fully integrating the human capital
supply chain,” says Bond CEO Steve Russell. “Human capital
supply chains don’t just deal with recruitment – getting
people in the door; they’re also concerned with retaining
those people and reassigning them – the ‘three Rs.’ We’re
bringing all those different technologies together under one
roof.”
The Gowi acquisition, for £8.9m ($17.5 million),
is Bond’s largest to date. Established in 2001, privately
owned Gowi employs more than 140 people in five U.K.
locations, with a customer base of more than 850 companies and
annual revenues of more than £8.5m ($16.7 million). The
existing management will stay on to run the
business.
“The merger with Bond will enable Gowi to
accelerate our growth plans,” says Gowi CEO Mike Smart.
“Through their international network, we can access customers
on a global scale and take advantage of shared skills in
product development, process mapping and customer
support.”
“Gowi’s strong presence in the HR software
market will enable us to now offer a totally integrated
solution,” says Russell. “As we’ve said before, our strategy
is to increase our presence in the wider Human Capital
Management arena by a combination of software development and
acquisition.
“Our goal is to be the world leader in HCM
solutions, so that we can make the flow of human capital more
efficient by using our integrated technology to link our
corporate customers with all of their staffing
suppliers.”