IT recruitment specialist Parity announced it has rebranded as Parity Network following its merger with Pertemps Network Group. The merger aims to help expand the group to new markets.

Parity Network will become part of Pertemps, a long-term investor in Parity, opening it up to more investment and expansion possibilities, while continuing to offer both permanent and contract solutions for clients.

On 21 November, Parity announced it would sell its primary operating subsidiary, Parity Professionals Ltd., to Network Ventures Ltd. Under the proposed sale, Parity would become a cash shell. Parity Professionals in 2022 contributed £378,000 in pre-tax profit to Parity.

On 8 December 2023, Parity Group announced its plans were approved by shareholders and the group changed its name to Partway Group.

Network Ventures is a wholly owned subsidiary of Pertemps Network Group Limited,

Izzy Brown, managing director of Parity Network, said, “This move makes us part of a high-profile and successful recruitment organisation with the opportunity to collaborate with like-minded businesses focused on attracting the best talent. We specialise in finding the best IT talent to fulfil clients’ needs. This change means we will be able to offer even more to clients, helping businesses with different roles across many different specialisms that are complementary to our core offering.”

Trevor Large, managing director of Pertemps Network Group IT specialists Network ERP + IT (EMEA), said, “The merger with Parity Network continues to enhance Pertemps Network Group’s IT offering across a broad spectrum of clients. Bringing Parity into the family is a natural progression for both businesses and the start of an exciting new era.”