RecTech firm Flexy acquired for £3m
Impellam Group, the second largest staffing business in the UK, has acquired London-based staffing platform Flexy for approximately £3m.
Founded in 2015, the company uses psychometrics and machine learning to find and sort candidates.
It was designed and built by a team of psychologists, recruitment experts, and digital architects.
Impellam said that the firm’s technology combined with its own staffing experience will expand its portfolio and service offering to customers and candidates.
Flexy achieved a compound annual growth of 175 per cent over the past two years. Additional consideration may be payable to the vendors of Flexy subject to achievement of future performance conditions.
"We are delighted to be joining Impellam and to sit alongside such trusted recruitment brands,” said Oliver Crofton, Managing Director, Flexy.
“We developed Flexy to help companies leverage the power of technology to reach local candidates, and now with the backing of Impellam, we can accelerate our growth in this exciting and evolving recruitment landscape".
Julia Robertson, Group CEO of Impellam Group added: "The strategic partnership with Flexy combines digital capabilities and technologies with our current portfolio's deep heritage and expertise; to offer new solutions, more choice, and better, technology-led experiences for customers and candidates alike".