UK-based staffing firm Impellam announced that it has acquired Flexy, a flexible staffing platform based in London.

SIA would define Flexy as a Just-in-Time Staffing firm, a category of vendors that combine the technology of online staffing with the services of traditional staffing. Further information in this category is available in our research report: Just in Time Staffing: Thinning the line between the Human Cloud and Staffing

Impellam will pay approximately £3 million in cash for Flexy, which generated revenue of £626,000 in the financial year ended 30 April 2019 and has achieved compound annual growth of 175% over the past two years. Additional consideration may be payable to the vendors of Flexy subject to achievement of future performance conditions.

Founded in 2015, Flexy uses psychometrics, machine learning, and nudge theory (a concept in behavioral science) to unlock local talent. It was designed and built by a team of psychologists, recruitment experts, and digital architects to streamline the casual labour market. Flexy states that it enables meaningful connections between companies looking for flexible labour and individuals looking for flexible work.

Flexy claims to provide an innovative, data-driven analysis platform to provide insights and consumer-grade digital experiences. The company specialises in the following sectors: retail & merchandising, hospitality & events, fffice admin & receptionists, sales & customer service, warehouse & production, street marketing & promotions, cleaning & maintenance, and research & testing.

“The efficiency gained through the utilisation of technology combined with Impellam's deep staffing experience will augment our portfolio and service offering to customers and candidates,” Impellam stated.

Oliver Crofton, Managing Director, Flexy, commented, "We developed Flexy to help companies leverage the power of technology to reach local candidates, and now with the backing of Impellam, we can accelerate our growth in this exciting and evolving recruitment landscape".

Julia Robertson, group CEO, Impellam Group: "The strategic partnership with Flexy combines digital capabilities and technologies with our current portfolio's deep heritage and expertise; to offer new solutions, more choice, and better, technology-led experiences for customers and candidates alike".