LONDON, October 21, 2010 /PRNewswire/ -- Bond International Software http://www.bondinternationalsoftware.com, the global leader in staffing and recruitment software, has acquired VCG http://www.vcgsoftware.com, one of the US's leading staffing and recruiting software developers, at a cost of $9 million.
The merger significantly strengthens Bond's position as the largest global provider of staffing and recruitment software, allowing Bond to secure an important additional portion of the US market. Customers of both companies will be able to take advantage of the combined portfolio of products, expertise and available support.
Steve Russell, Chief Executive of Bond International Software, comments, "Clearly this acquisition is an exciting moment in our company's history and will allow us to secure ourselves a highly enviable position in the staffing software market, from both a US perspective and internationally. The clear synergies between the two companies and their respective offerings provide us with the confidence that no changes to brands, products, company structure or delivery of the products are required - clearly a huge advantage in any acquisition."
Steve Taylor, President and CEO of VCG, said, "Together, Bond and VCG are uniquely positioned to provide staffing organisations with the most comprehensive set of solutions available in the marketplace. The resulting product portfolios will ensure that staffing companies will be able to choose from several available options to best meet their needs."
Bond International Software has a strong, successful history in acquisitions, both in the US and the UK, and has diversified from a provider of staffing software into a major player within the wider human capital management arena.
About Bond International Software
Bond International Software (UK, AIM: BDI) is the world's leading supplier of fully configurable staffing and recruitment software and supports over 100,000 staffing professionals in 42 countries from offices in the US, UIK, Japan, Hong Kong, Australia and South Africa. 10 of the top 10 largest staffing companies in the world use Bond's products and services.
VCG provides comprehensive staffing and recruiting solutions that power success. Since 1976, VCG has helped hundreds of companies and thousands of staffing and recruiting professionals achieve operational excellence by streamlining their unique business processes and accelerating finding and placing the people most likely to thrive.
For further information, please contact: Bond International Software Tim Richards Managing Director Tel +44(0)1903-707070 VCG Steve Taylor President and CEO +1-770-246-2348 Press contacts Will Gardiner Bond Press Office +44(0)1932-578-800 Phil McCutchen VCG Marketing Manager +1-770-246-2319
SOURCE Bond International Software plc