PIXID, the France-based, cloud-based temporary workforce management and recruitment solutions firm, announced that it has acquired Carerix, a Dutch-based Customer Relationship Management and Applicant Tracking System supplier which services more than 10,000 users on a daily basis, across more than 17 countries

No further details of the transaction were disclosed.

The acquisition follows PIXID’s purchase of The Internet Corporation last year.

Carerix stated that the acquisition will allow it to strengthen its position in the French and UK markets. PIXID stated that the acquisition will allow it to “reinforce its expertise, enhance its service offering and strengthen the value chain offered to the temporary employment sector.”

“The acquisition is the first phase of our introduction to this new region, known to be a mature and vibrant HR marketplace,” Etienne Colella, President of PIXID SAS, said. “We are confident that our combined solutions will make a significant contribution to helping those sourcing and placing temporary workers to reinvent their way of working and realise efficiencies.”

Carerix has more than 650 clients including specialised intermediaries in ICT, oil & gas, finance and the service industry such as DPA, B-street, Dovre and Trenkwalder as well as corporate and government organisations such as ANWB and JobpuntVlaanderen. Carerix also provide recruitment and staffing software developed for professional employment agencies and their clients among this category include (operating companies of) Randstad, USG, Adecco and Manpower.

Reinald Snik, CEO of Carerix, also commented, “As with PIXID, our objective is to transcend borders and we already have a presence in most European countries thanks to our relationships with key customers. Becoming part of the PIXID Group will give us greater scale to achieve these ambitions, while retaining our brand in our home market. The acquisition is a real innovation opportunity which will be mutually beneficial for both parties; our existing customers and to open up and expand other staffing markets throughout Europe.”

Jean-Michel Beghin, Managing Partner at Keensight Capital, commented, “We are delighted to support Etienne Colella in PIXID’s new development stage, further to last year’s successful integration of The Internet Corporation in the UK. We had identified Carerix as it complements PIXID’s service, for its solid growth profile based on SaaS model and led by a talented management team, as well as for its highly appreciated innovation capabilities. Its strong foothold in the Netherlands and throughout Benelux will clearly contribute to strengthen PIXID's positioning as a leading European digital platform for the management of [the] flexible workforce.”

In 2017, PIXID reported revenue growth of 23% and management is expecting to record revenues of around €25 million in 2018. Pixid stated that it now covers more than 90% of the temporary employment market in France and has two million workers registered in its database.