Staffing 360 Solutions completes acquisition of PeopleSERVE
The acquisition officially closed on May 17, 2014.
"The acquisition of PeopleSERVE is an integral part of our high-growth consolidation strategy," stated Brendan Flood, Executive Chairman of Staffing 360 Solutions. "Bolstering our focus on IT services is a key strategic initiative for our company. PeopleSERVE adds considerable depth to our operations in New England and complements our recent acquisitions of Cyber 360 Solutions and CSI."
Ms. Moraski joins a team of highly qualified staffing industry veterans. Under her leadership, PeopleSERVE has received numerous industry awards, most recently being named one of the state's Top 100 Women-led businesses for 2013 by The Commonwealth Institute and the Boston Globe.
"Joining Staffing 360 Solutions gives PeopleSERVE greater resources, access to capital and broader management depth from an organization that is committed to our vision and success," commented Linda Moraski. "As part of a public company, our clients will have access to a wider range of services and resources and our consultants will have more opportunities for skill development and professional growth."
Staffing 360 Solutions believes that a consolidation strategy is ideally suited for the highly fragmented temporary staffing industry. The management team has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions, with a longer term objective of driving annual revenues to $300 million. The Company's latest acquisition of PeopleSERVE represents a key validator of this strategy's successful implementation.
Founded in 1999, PeopleSERVE is an award winning IT staffing firm that connects clients in the public, private and non-profit sectors to the local technology talent pool. Since inception, client organizations have relied on PeopleSERVE to successfully fill short- and long-term IT contract and permanent positions at hundreds of government, commercial and educational organizations. PeopleSERVE is fully committed to helping job seekers and consultants find employment and assignments that enhance their skills sets and technology portfolios. A consulting career with PeopleSERVE offers technology professionals independence, flexibility and a wide range of career-building experiences. For more information, please visit: www.peopleserveinc.com