PIXID SAS, a French cloud-based temporary workforce management and recruitment solutions firm has completed the acquisition of The Internet Corporation, owner of applicant tracking system and recruitment software Amris and social referral tool, Zao.

According to PIXID, the acquisition of the Internet Corporation Limited, whose proprietary platforms include Amris Applicant Tracking System, Zao Social Referrals and Employee-Check Reference Checking, will enable both parties to stay at the forefront of innovation to streamline every possible aspect of the recruitment process from job posting and candidate management to skill matching and the maintenance of a candidate talent pool.

PIXID’s proprietary technology is currently responsible for filling one out of four temporary positions in France. It intends to establish itself as a well-known digital platform for the management of temporary workforce in the UK and the rest of Europe.

“We’re thrilled to have completed this transaction,” Mark Kieve, the CEO of the Internet Corporation, said. We can’t wait to unite forces, which adds significant resource to enhance our existing offer and ensure that our core products remain best of breed.”

“The business world has undergone a digital revolution and we are dealing with a new world of work where the rapid acquisition of talent is business critical,” Etienne Colella, President of PIXID SAS, said. “The UK has the leading temporary labour market in Europe and the opportunity to combine our platforms was too good to miss. I am delighted to say that Mark Kieve and his management team will remain in place at Amris and Zao. We look forward to strengthening our current platforms.”

“We believe that this partnership is ideally placed for the new chapter of PIXID’s development strategy and expansion outlook for the UK and European markets,” Jean-Michel Beghin, Managing Partner at Keensight Capital, said. “With our strong international network, we see TIC as a very promising partner, enjoying leading positions in Europe as well as in the global marketplace. This win-win partnership will ensure constant development of the product range and delivering innovation for the benefit of clients.”

The combined business will have forecasted turnover of €16 million in 2017, with profitable organic growth of 19%. It will also fill 150,000 new temporary roles on a daily basis through 2,500 client companies and 110,000 Users and handle 50 million digitalised documents. It will also manage 450 suppliers and 7,000 staffing agencies; and process 2,000,000 permanent candidate applications.

Created in 2004, PIXID claims that it is the leading VMS in France to offer a complete SAAS (Software as a service) application compliant with the many aspects of French regulation for providing and using temporary staff.

The transaction was completed for an undisclosed amount.