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European firm to acquire IGATE for $4.0 billion

April 27, 2015

Capgemini Group, a Paris-based IT services firm, entered into a definitive merger agreement to acquire IGATE Corp. (NASD: IGTE) for a cash consideration of $48 per share. The transaction will amount to $4.0 billion.New Jersey-based IGATE, a technology and services company, reported 2014 revenue o...


Freelancer.com to acquire US online escrow services firm for $7.5 million

April 27, 2015

Freelancer Ltd., an online staffing platform trading on the Australian stock exchange, entered into a definitive agreement to acquire California-based Escrow.com from a private investor for US$7.5 million in cash.Escrow.com provides online escrow services for e-commerce sites by holding payments...


Intelliswift Software acquires Bay Area staffing agency

April 27, 2015

Intelliswift Software Inc., a staffing provider and software solutions company, acquired Pleasanton-Calif.-based staffing agency Magagnini Network.The transaction closed April 14; terms were not disclosed.The Magagnini brand will transition to Intelliswift and executives will remain with the firm...


Revenue at P2P Staffing rises 19% in Q1

April 27, 2015

P2P Staffing Corp., a privately held, Fort Lauderdale, Fla.-based professional staffing company, reported first-quarter revenue rose 19.4% year over year to $42.4 million from $35.5 million in the first quarter of last year.The company forecasts full-year 2015 revenue in the $175 million to $195...


Canadian staffing market update coming to Montréal

April 27, 2015

The Canadian staffing market is well established, and Staffing Industry Analysts estimated that it achieved revenue of C$9.0 billion (US$8.5 billion) in 2013. Canada’s five largest staffing providers include Adecco, Randstad, Allegis Group, Procom and Design Group Staffing.John Nurthen, executive...


Future recruiting trends — Staffing Stream

April 27, 2015

The recruitment industry has witnessed a paradigm shift in terms of recruitment process and overall functioning of the industry — including job search behavior of applicants, writes Reena Gupta in The Staffing Stream. Trends progress at immense pace, and industry players need to identify and keep...


Robert Half revenue up 11%

April 24, 2015

Professional staffing firm Robert Half International Inc. (NYSE: RHI) reported revenue rose 11.2% in the first quarter to $1.21 billion, with growth rates the strongest in its US operations. (US$ thousands) Q1 2015 Q1 2014 % growth Net service revenues $1,205,563 $1,084,3...


TrueBlue revenue beats guidance

April 24, 2015

Industrial staffing provider TrueBlue Inc. (NYSE: TBI) reported first-quarter revenue rose 44.8%, benefitting from its June acquisition of Seaton, one of the largest US staffing firms. However, revenue edged up only 0.4% year over year when excluding Seaton revenue. First-quarter revenue from Sea...


Court upholds $1.5 million verdict in temp retaliation case

April 24, 2015

A federal appeals court upheld a jury verdict of more than $1.5 million in a US Equal Employment Opportunity Commission lawsuit against a High Point, N.C.-based logistics services provider for sexual harassment of and retaliation against three temporary workers, the federal agency announced.The f...


Average hourly freelance worker wage is $21, global survey finds

April 24, 2015

The worldwide average hourly rate charged by freelancers is $21, according to a survey of 23,000 freelance workers around the globe by Payoneer, an online payments firm that works with online staffing and service providers as well as others. Almost half of freelancers charge under $10 an hour for...