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M&A roundup: Qualitest acquires Q Analysts; Trivest completes sale of PeopleShare; Hirevue buys Modern Hire

May 09, 2023

Qualitest, a global AI-powered IT services provider, acquired California-based Q Analyts. Private equity firm Trivest Partners LP completed the sale of PeopleShare to Proman. HireVue is acquiring Cleveland-based Modern Hire.

Qualitest/Q Analysts

Qualitest, a global AI-powered IT services provider based in London, acquired Q Analysts, a San Jose, California-based provider of IT consulting services. The deal brings 600 engineers to Qualitest.

The acquisition also expands Qualitest’s geographical footprint in the US, adding new test labs in California and Washington and capabilities in other key US service locations.

“Joining forces with Qualitest was a clear choice, as both Qualitest and Q Analysts share common values and approaches to achieving greater client satisfaction, rooted in innovation and excellence,” Q Analysts CEO Ross Fernandes said.

Trivest Partners LP/PeopleShare

Private equity firm Trivest Partners LP announced it completed the sale of portfolio company PeopleShare, a Collegeville, Pennsylvania-based commercial temporary staffing provider, to Proman, the US-based subsidiary of Groupe Proman, a global temporary employment and human resources firm headquartered in France.

The deal was first announced in April.

With the acquisition, PeopleShare co-founder and CEO Ryan Clark and co-founder and Senior Advisor Dave Donald will continue to lead the company. They will work with Proman CEO Gilles Tanneur.

PeopleShare, founded in 2005, has 40 offices across the US. It provides temporary, temp-to-hire and contingent workforce solutions for light industrial and clerical positions.

HireVue/Modern Hire

HireVue, a virtual interviewing and assessments technology provider based in South Jordan, Utah, acquired Modern Hire, a Cleveland-based hiring platform providing screening, assessment, interview and workflow automation services from global private investor The Riverside Co.

Modern Hire was founded in 2019 and has offices across the US, Europe and Asia Pacific..

The combined company will now serve more than 1,150 customers globally.

“HireVue’s mission is to change lives by connecting talent to opportunities,” HireVue CEO Anthony Reynolds said. “The acquisition of Modern Hire will enable us to continue to push the boundaries of what is possible in hiring technology, by adding to our own best-in-class science, technology and industry expertise.”