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View All NewsManagement acquires TempWorks Software
TempWorks Software, a provider of software and payroll funding to the staffing industry, was acquired by its management team led by CEO David Dourgarian, 29.
Company founder Gregg Dourgarian will move on to pursue his new Bloomington, Minn.-based startup, Aida Creative Services. Gregg Dourgarian founded TempWorks in 1997. “I’m very satisfied with the growth TempWorks has achieved under David and his team and felt now was a suitable time for me to freely pursue my other passions and interests,” he said.
David Dourgarian has worked with TempWorks full time since 2006 and led the company as CEO since 2012. The company forecasts revenue of more than $16 million in 2014.
“This change affords us the opportunity to focus on the management team’s long term goals of releasing a next generation browser-based staffing software platform while constantly striving to improve our customer experience,” he said.
TempWorks has more than 100 employees and serves 450 clients worldwide.