Futuris Co. (OTC: FTRS), a firm focused on acquiring and operating staffing companies, announced a $10 million investment and the acquisition of an IT staffing firm.

The investment by the Private Office of John Bernard, a Switzerland-based investor, was made in exchange for a 15% post-money stake in the company on a fully diluted basis.

Bernard is an entrepreneur and investor who has invested in 27 companies over the last 19 years.

The investment followed the firm’s prior announcement of a formal name change and stock split.

It also announced the acquisition of Pioneer Global Inc., a Chantilly, Virginia-based IT staffing firm, earlier this month.

Pioneer Global provides employment to more than 100 people annually and had $5 million in sales during the last 12 months.

“The acquisition of Pioneer Global marks the first strategic acquisition of Futuris Company and falls in line with our mission to build out a robust staffing services platform,” said Kalyan Pathuri, president of Futuris.

Terms of the transaction were not announced.

Futuris itself is a staffing provider in the medical and IT segments as well as a publicly traded firm on the OTC. It has headquarters in Rockville, Maryland; Chantilly, Virginia; and Ashburn, Virginia.