DENVER, Jan. 8, 2014 /PRNewswire/ -- IQNavigator, the leading provider of non-employee workforce management solutions to Global 2000 companies, has acquired the vendor management solution software and related assets of ProcureStaff Technologies, Ltd., a division of Volt Information Sciences and developer of ProcureStaff's vendor management system (VMS) applications. The acquisition advances IQNavigator's VMS market leadership by combining IQN's technology and commitment to accelerating industry innovation with the award-winning account management and customer services of ProcureStaff. The financial terms of the agreement are not being disclosed.
By acquiring these assets of ProcureStaff, which was recently named "Top VMS Performer" by staffing suppliers in Staffing Industry Analysts' 2013 VMS and MSP Customer Experience survey, IQNavigator will be positioned to deliver a proven, world-class VMS solution and a diligent approach to customer relationships that delivers measurable end user benefits. IQN will now offer increased vertical industry expertise and the next-generation VMS functionality required for its roster, which includes many of the world's best known brands.
ProcureStaff Technologies' VMS software is a collaborative, multi-dimensional VMS software platform that fosters visibility and enables enterprise management of complex services spend. A truly configurable solution, the technology honors business unit- and country-specific configurations, yet aggregates spend globally to create maximum visibility, promote optimized supplier relationships, and recognize organizational efficiencies.
"Our acquisition of ProcureStaff leverages complementary strengths so we can best address our customers' and partners' needs today and in the future," said Joe Juliano, president and CEO of IQNavigator. "Our offerings ensure an unparalleled VMS experience, with the most innovative technology and best customer care available in the industry. The deal also accelerates our goal to significantly grow our company and achieve market leadership through sustained customer satisfaction, superior execution and the industry's largest investment in research and development."
"ProcureStaff customers and partners can expect a business-as-usual environment post-acquisition. The same knowledgeable team of ProcureStaff associates will be available to support them while serving as a trusted resource in exploring the expanded VMS functionality offered by IQNavigator," said Juliano.
"The ProcureStaff team is excited to be part of a company strongly focused on VMS innovation and customer satisfaction," said Carolyn Nolan, COO of ProcureStaff Technologies, who will join IQNavigator. "When the time comes for our customers and partners to take advantage of the world-class IQNavigator functionality such as advanced Statement of Work, global invoicing, RateIQ, mobility applications, reporting and analytics that they've been demanding, we will be here to lead them through a seamless migration methodology that best fits their requirements, resources and timelines."
To learn more about the acquisition, including Frequently Asked Questions, please visit http://iqnavigator.com/procurestaff-acquisition/.
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator's cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling customers to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies' procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world's most respected companies, visit www.IQNavigator.com.