Singapore-based Workmate, an on-demand staffing platform, officially announced its acquisition agreement with Persol Asia Pacific.

Persol Asia Pacific is the Strategic Business Unit headquarters for APAC for Persol Holdings, managing its Asia Pacific businesses which includes Programmed, PersolKelly and other businesses in the region.

According to Workmate, the acquisition will allow it to accelerate its investment into technology and sales as well as speed up its launch to new markets. Currently operational in Thailand and Indonesia, Workmate is launching operations in its home base in Singapore this month.

The combination of Workmate and Persol will accelerate the advancement of Workmate’s on-demand manpower solutions across the Asia Pacific, it added.

Founded in 2016, Workmate launched with the simple goal of helping businesses find and manage reliable frontline staff, and workers to get consistent work with reputable companies. Workmate said it has helped over 120,000 frontline workers find work and over 800 companies solve their challenges in building a reliable blue-collar workforce.

Workmate said its technology enables companies to quickly access a pre-vetted pool of high-quality workers for short and long-term contract work. The platform leverages its proprietary worker performance data in its AI-powered candidate scoring algorithms to improve matching quality and deliver higher attendance rates, worker retention, and productivity.

Takayuki Yamazaki, CEO of Persol Asia Pacific commented: “I am delighted to welcome Workmate to the Persol Group. We have been impressed by the value that Workmate’s all-in-one on-demand staffing platform delivers to candidates, workers, and employers and are excited to be partnering with them to accelerate their innovation and expand their services to other markets in Asia.”

Workmate Founder & CEO Mathew Ward, said, “We are incredibly excited about joining forces with Persol at this stage in our journey. We have a big vision to change the way blue-collar workers find work. Combining Workmate’s technology with Persol’s expertise and regional infrastructure puts us in an elevated position to realise that vision.”

The price of the transaction was not disclosed but the company said it was an ‘undisclosed eight-figure deal with Persol Holdings’. Workmate will retain its own branding after the acquisition.