Sunday, June 16, 2024
HomeStaffing HiringBeeline pronounces acquisition of Utmost

Beeline pronounces acquisition of Utmost


October 19, 2022

Beeline, a vendor administration system supplier based mostly in Jacksonville, Florida, struck a deal to accumulate Utmost, a agency that makes a speciality of offering shoppers with insights into their workforces, each worker and nonemployee.

“The way forward for work is powered by expertise that unlocks the potential of each employee, no matter classification,” Beeline CEO Doug Leeby stated. “We’ve got a disciplined historical past of solely buying corporations which might be rightful expertise leaders that can ship additional worth to our prospects. The Utmost acquisition is especially thrilling in that it enhances and accelerates our strategic roadmap and delivers intelligent and distinctive options to our prospects on day one.”

Based and created by two former senior Workday product professionals, the Utmost expertise allows prospects to view, in actual time and in mixture, each worker and non-employee workforces by location and reporting construction, Beeline reported.

“It is a important deal that serves to underscore how the normal VMS and its enterprise mannequin are ripe for disruption,” stated Matt Norton, workforce options analysis director at Staffing Business Analysts. “Following on from Beeline’s acquisition of JoinedUp final 12 months, this transfer accelerates the corporate’s functionality to deal with all classes of the prolonged workforce.”

The Utmost acquisition can even permit smaller and midsize companies to raised perceive the administration of their prolonged workforces in addition to allow enterprises and companion to tailor contingent workforce administration for inside divisions and new markets, based on the corporate.

“Beeline shares our imaginative and prescient of utilizing expertise to deliver prolonged workforce administration to each degree of the group and worth to each stakeholder of the contingent workforce ecosystem,” stated Utmost CEO and co-founder Annrai O’Toole. “Beeline’s innovation is just not solely centered on present workforce challenges however is driving the optimization of tomorrow’s workforce.”

Utmost was based in 2008 by O’Toole and Dan Beck, former Workday product professionals, and Paddy Benson, previously with Groupon. Utmost has workplaces in San Francisco and Dublin, Eire. In Might 2021, it introduced a $21 million collection B funding spherical.

In 2020, Utmost gained a competitors styled after the tv present “Shark Tank” held at that 12 months’s Collaboration within the Gig Financial system convention.

Phrases of the transaction weren’t introduced.

Beeline in Might introduced it acquired a serious funding from Stone Level Capital.




Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments