Nov. 7, 2019
SIA’s recent Largest IT Staffing Firms in the US – 2019 Update report illustrates just how fragmented the market is, with the 50 largest firms combining to represent only about two-thirds of the sector in aggregate. However, there are indications a trend of consolidation may be beginning to take hold.
Signs of consolidation in US IT staffing
4 November 2019
SIA’s recent Largest IT Staffing Firms in the US – 2019 Update report illustrates just how fragmented the market is, with the 50 largest firms combining to represent only about two-thirds of the sector in aggregate. However, there are indications a trend of consolidation may be beginning to... More
ASGN acquires Intersys Consulting for $67 million
4 November 2019
ASGN Inc. (NYSE: ASGN) acquired IT consulting provider Intersys Consulting LLC for $67.0 million in cash.
Female tech workers reporting an unwelcoming environment at four-year low
4 November 2019
The percentage of women working in technology who report an unwelcoming workplace environment fell to 25% this year from 35% last year, according to the Harvey Nash Women in Technology survey report released last week by staffing firm Harvey Nash Inc.
Government rejects 24% of initial H-1B petitions
4 November 2019
Denials remain at high levels for H-1B visas, which are used to bring in highly skilled workers such as IT professionals on a temporary basis.
Fast Switch sells portion of operations to management
5 November 2019
Executive Randy Dean has acquired a majority of IT staffing provider Fast Switch Ltd. from his partners. In addition, Carey Pachla, another partner in Fast Switch, acquired the company’s Detroit location and will run it as a separate business.
PE firm makes majority investment in Ettain Group; acquires additional firms
5 November 2019
Ettain Group received a majority investment from private equity firm Alvarez & Marsal Capital. The Charlotte, North Carolina-based company then went on to acquire Global Employment Solutions and Leidos Inc.’s consulting business in commercial electronic health records.
Wipro completes TechneGroup aquisition
5 November 2019
IT service provider Wipro Ltd. (NYSE: WIT) completed its acquisition of International TechneGroup Inc., a provider of software and services in the computer-aided design and product lifecycle management space.
Cognizant to lay off 10,000 to 12,000 (Times of India)
5 November 2019
IT services firm Cognizant Technologies Corp. (NASDAQ: CTSH) will be laying off as many as 10,000 to 12,000 employees in the coming months, the Times of India newspaper reported.