IT Staffing Report: Sept. 7, 2017

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WorkMarket acquires tech services FMS OnForce from Adecco

WorkMarket acquired fellow freelancer management system firm OnForce from The Adecco Group.

“OnForce was a platform pioneer in the tech services space, and will allow us to deliver an unprecedented tool set uniquely suited to large IT and field service customers,” said Jeff Wald, WorkMarket co-founder and president.

The move is a milestone event for WorkMarket, and signals a broader maturity to the human cloud, WorkMarket CEO Stephen DeWitt said.

“The acquisition of OnForce further expands our commitment to building the best work automation tools for the IT services ecosystem,” DeWitt said. “Solution providers and tech integrators can now fully automate their entire bench of labor — full-time techs, independent contractors and vendors — all from a single platform that integrates into leading IT service management platforms like ServiceNow and includes dynamic provisioning, real-time analytics, compliance tools and more.”

Terms of the transaction were not announced, but WorkMarket fully owns OnForce. In addition, WorkMarket also announced a strategic partnership with Adecco to allow its customers access to its platform.

Staffing Industry Analysts describes FMS as a category of contingent workforce technology that enables companies to self-manage their engagements with independent workers and freelancers as well as, in some cases, external agencies such as staffing firms and a company’s own internal workforce.

FMS are distinct from other types of online staffing in that although they may be able to source workers, they are more of a workforce management technology platform that assists firms before and after a match has been made. They also facilitate companies in the creation of their own private talent pools of independent workers.

Adecco had acquired OnForce in August 2014 and moved it into its Beeline operations. The company spun OnForce out of Beeline when Adecco sold a majority stake in Beeline to private equity firm GTCR last December.