The Adecco Group acquires Vettery
The Adecco Group has acquired Vettery, a digital professional permanent recruitment marketplace. The acquisition strengthens the Adecco Group’s Professional Staffing & Solutions business.
Vettery’s online recruitment platform connects over 4,000 employers with highly-qualified, well-suited candidates across the IT, sales and finance verticals. Its machine learning algorithms are applied to identify in-demand talent to bring onto the platform, analyse clients’ existing hiring activity and recommend appropriate candidates. This technology helps reduce time-to-hire and improves the quality of matches, enhancing the recruiting experience for both candidates and employers.
Launched in 2014, Vettery has rapidly expanded from its New York base and now operates in seven major US metropolitan areas. As part of the Adecco Group, Vettery will accelerate its expansion, including into international markets, leveraging the Group’s extensive domain knowledge, data and client relationships. Co-founders, Brett Adcock and Adam Goldstein, will continue to lead the business within the Adecco Group, reporting to John Marshall, regional head of North America, UK & Ireland - Professional Staffing.
Alain Dehaze, CEO of the Adecco Group, commented, “The acquisition of Vettery accelerates the development of the Adecco Group’s digital strategy, broadening our offering into the fast-growing digital permanent recruitment market and complementing our professional recruitment businesses.
“Digital innovations have the potential to transform the recruitment industry and the Adecco Group is taking the lead. Vettery has developed impressive proprietary technology and already established a strong reputation amongst candidates and employers. Unified by a shared vision for transforming the future world of work, we are excited to welcome Vettery’s experienced team to the Adecco Group.”
Goldstein added, “Technology is reshaping the delivery of permanent recruitment solutions, with artificial intelligence-enabled, curated digital marketplaces offering a better experience at a lower cost.
“Our growing portfolio of blue-chip and start-up clients values the shorter time-to-hire, improved transparency and greater flexibility achieved when hiring through our platform, while candidates appreciate the ease-of-use and access to top-tier employers.”
Adcock stated, “The Adecco Group, with its clear commitment to digital transformation, is a natural strategic partner for us. Leveraging Adecco’s extensive enterprise client relationships, data and recruitment industry expertise will allow Vettery to further accelerate its growth and rapid expansion.”
Terms of the transaction have not been disclosed.
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