Bond International Software Plc, the specialist provider of fully configurable software for the international recruitment and human resources industries has today announced the acquisition of the assets of EZaccess from the US based corporation, Unicru Inc. The move comes as part of Bondís ongoing strategy to enhance and secure its position as market leader within the staffing sector by significantly increasing the size and profile of its user base in America, Europe and Australasia.
Steve Russell, Chief Executive of Bond International explains ìHistorically, EZaccess was our strongest competitor, especially in the USA. This acquisition was therefore a clear decision for us and it has a number of obvious benefits; The EZaccess user base provides us with contracted support revenue which ensures the immediate and sustainable profitability of the acquisition and furthers our strategic aim of increasing the overall percentage of our recurring revenue. In addition, as the substantial user base matures, there will be the significant opportunity for us to install Adapt into the existing client base. ì
Unicru employees in the UK and USA who are currently supporting EZaccess will transfer to Bond under the terms of the deal which entails new offices for Bond in Hampshire, UK and San Francisco. Tim Richards, European CEO for Bond saysî We intend to continue to support and maintain EZaccess through the additional staff that we have acquired, but we will, of course offer a seamless and cost-effective upgrade for those clients wishing to change to Adapt.î
This news follows several sizeable contract wins over the past few months and the announcement today of the groupís 2003 trading results which show a better than expected profit.
Steve Russell commented.ìThis year has seen an accelerating improvement in prospects for the staffing industry with companies much more optimistic about the future. Following this steady improvement in the market, the beginning of this year has seen a marked increase in pre-sales activity and I believe we are well placed through our current product range, the acquisition of EZaccess and our own exciting new products, to take full advantage of this upturn.ì
Bond intl software acquires EZaccess
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