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Stuart Gentle Publisher at Onrec

Bond Software Joins Forces with eEmpACT to Form Worlds Largest Staffing-Software Company

Strategic Move Accelerates Industry Consolidation

Bond International Software today surprised the staffing and recruiting software industry with the announcement that it has joined forces with eEmpACT Software of Bloomington, Minnesota.

Already the largest international staffing-software company, Bond has acquired eEmpACT, effective today. The acquisition drastically increases the combined firmís customer base, making it by far the largest staffing, recruiting and human capital management software vendor in the world.

ìWith eEmpACT the U.S. leader in staffing software and Bond dominating the rest of the world market, together weíve created a global powerhouse that no one will be able to compete with,î says Bond CEO Steve Russell. ìeEmpACTís Version 12.0 and Bondís Version 11.0 solutions will continue to be supported, enhanced and upgraded, so that present customers can continue using their existing solutions.î

A publicly held company quoted on the London Stock Exchange and founded in 1973, Bond already supports more than 40,000 staffing professionals in 42 countries worldwide. Its flagship product, Adapt, is the leading high-end staffing-software solution, just as eEmpACT Essential and eEmpACT Plus are the leaders for entry level and midrange clients.

ìeEmpact also provides fully integrated front to back office solutions which perfectly complement Bondís top of the line products. This means that the combined group now has a portfolio of product which suits all types of staffing companyî says Tim Giehll, who will remain as eEmpact CEO.

ìIt means that our vision of global industry leadership and vendor consolidation will now be accelerated through the combined financial strengths of these two companies. This will be good for all parties involved ñ and for the staffing industry as a whole.î

eEmpACT and Bond have been the most acquisitive companies in the staffing software industry ñ with eEmpACT acquiring Allegro Software in 2003 and DataForce in 2004, and Bond acquiring EZaccess in 2004.

ìThe staffing industry is becoming truly global, and this keeps us a step ahead of that industry evolution,î says Russell. ìIt reinforces our commitment to a continual long-term growth strategy and accelerates what we are certain will be a growing consolidation of staffing-software companies over the next few years.

ìBut while weíre growing, weíre still enhancing our product lines and global service offerings, which are stronger than ever before.î