Symphony Technology Group (STG) completed the purchase of Bond International Software (BIS) on 4 November, 2016. STG plans to invest in innovation, adding significant customer value in Bond’s recruitment software platform and continuing the global success of Bond International Software plc.
Founded in 2003, STG is a private equity firm that has a successful history of building leading global companies at the intersection of software, analytics and services with a strong presence in the Human Capital Management software and services space.
Tim Richards, Managing Director at Bond International Software UK Ltd said, “Our priority was to find a backer that would work with us and support the development of AdaptUX for the benefit of our customers. It was apparent very quickly that STG had a strong fit with our company, and we are already looking at how we can bring to bear its considerable financial muscle to improve our offering to the recruitment market, while continuing to offer our existing customers the excellent customer service they expect.”
Dave Williams, Bond’s CEO of North America, said, “We are incredibly excited by our new relationship with Symphony, a company of extensive resource and expertise in the global technology market. The North American staffing and recruitment market is significant and complex and we are now poised to have an even deeper impact on providing our customers with continued expansion of innovative solutions.”
William Chisholm, Managing Director and Chief Investment Officer at STG, said, “STG has significant experience broadly in the Human Capital Management (HCM) space and have several complementary software and analytics assets to BIS. Via our investments in First Advantage – the largest background screening provider to employers globally, Symphony Talent (which includes the Bernhard Hodes group) – a suite of cloud based solutions to help employers source, nurture, and engage the right-fit candidates, Innovantage Group – UK based Analytics provider in the Talent ecosystem among others, we are arguably one of the leading investors and thought leaders in the talent management space. Adding Bond International Software to this HCM portfolio further strengthens our ability to deliver a highly differentiated offering to these companies’ customers.”
Sunit Mukherjee, Principal at STG, commented, “The rise of the gig economy is creating unique challenges and opportunities for staffing agencies and large enterprises worldwide. As a global leader in the recruitment software space with a strong technology platform and a long history of creating value for a marquee customer base, BIS is uniquely positioned to help leaders of its current and future customers navigate these challenges. STG will be working with the management team to drive innovation, enhance Bond International Software’s current market presence and help develop it into an even stronger force in the recruitment software marketplace.”
About Bond International Software plc www.bondinternationalsoftware.com Bond International Software is a global provider of Staffing and Recruitment software with over 40 years of recruitment industry experience. Headquartered in the United Kingdom, with offices in the United States, Australia, Japan, Singapore, China and Hong Kong, Bond has consistently achieved financial growth and maximized investment in the development of technology, services and support provided to its international client base. Bond provides AdaptUX among its software product offerings. www.adapt-recruitmentsoftware.com
Bond International Software, Inc., the North American operating company for Bond, with headquarters in Atlanta, Georgia, has approximately 500 customers and 20,000 users. In addition to its other product lines, AdaptSuite is the flagship product tailored to the North American market with both Front Office and Front and Back Office deployments. For more information please visit www.bond-us.com.
About Symphony Technology Group (STG) www.symphonytg.com
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great technology and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 19 global companies. For more information, please visit www.symphonytg.com.