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For Media:
Instinctif Partners
Mark Walter & Tali Kramer
+ 44 207 457 2020
Pixid@instinctif.com
PIXID acquires Amris ATS and ZAO to expand into the UK market to provide a
cloud-based temporary workforce management and recruitment solution
The first digital platform to manage the temporary staffing cycle from recruitment, to
contract management and compliance
Backed by independent European growth Private Equity1 firm Keensight Capital, PIXID
captured a booming market in 2016 and has built a 25% share of the French market – plans
for further international expansion are underway
March 9, 2017, London, Paris – PIXID SAS (“the Company”), the French leader for cloud based
temporary workforce management and recruitment solutions, has completed the acquisition
of The Internet Corporation, owner of the award-winning applicant tracking system and
recruitment software Amris. The transaction has been completed for an undisclosed amount.
PIXID’s proprietary technology is currently responsible for filling 1 out of 4 temporary positons in
France and having powered the temporary staff market in France it intends to establish itself
as a well-known digital platform for the management of temporary workforce in the UK and
the rest of Europe. The Company’s platform enables clients of all sizes to efficiently manage its
temporary workers via a simple, scalable and cost effective platform. The PIXID offering
manages recruiters, suppliers and employment contracts while helping to ensure that its clients
are compliant with the latest employment regulations.
The acquisition of The Internet Corporation Limited, whose proprietary platforms include Amris
ATS, Zao Social Referrals and Employee-Check Reference Checking, will enable both parties
to stay at the forefront of innovation and offer a differentiated platform that helps to streamline
every possible aspect of the recruitment process – from job posting and candidate
management to skill matching and the maintenance of a candidate talent pool.
The combined business will serve customers from offices in Paris and London and will:
have forecasted turnover of €16 million in 2017 – with profitable organic growth of 19%;
fill 150,000 new temporary roles on a daily basis through 2,500 client companies and
110,000 Users;
handle 50 million digitalized documents;
manage 450 suppliers and 7,000 staffing agencies; and
Processing 2,000,000 permanent candidate applications.
1 Growth Private Equity: investment in profitable, private companies experiencing strong growth, in minority or majority positions,
with or without leverage, using a flexible approach adapted to the needs of individual entrepreneurs, in order to finance organic
growth projects, acquisition strategies or provide historic shareholders with liquidity.
Press Release
For Media:
Instinctif Partners
Mark Walter & Tali Kramer
+ 44 207 457 2020
Pixid@instinctif.com
Etienne Colella, President of PIXID SAS, commented: “The business world has undergone a
digital revolution and we are dealing with a new world of work where the rapid acquisition of
talent is business critical, turning e-recruitment into a booming business. The UK has the leading
temporary labour market in Europe and the opportunity to combine our platforms was too
good to miss. The transaction is transformational in terms of enabling both parties to stay at
the forefront of technology and offer a truly end-to-end recruitment platform. The Internet
Corporation was an early innovator in the on-line recruitment space, and I am delighted to
say that Mark Kieve and his management team will remain in place at Amris and Zao as we
were equally interested in securing their wealth of experience and expertise. We look forward
to strengthening our current platforms while also developing an exciting new offer for the
European market and beyond.”
Mark Kieve, the CEO of the Internet Corporation, commented: “We’re thrilled to have
completed this transaction. The PIXID and Amris combination is formidable and will offer a
powerful tool for effective hiring and candidate engagement. Both parties have developed
platforms that are highly compatible and based on a similar ethos of offering their customers
the opportunity to rationalise and simplify their entire recruitment process. We can’t wait to
unite forces, which adds significant resource to enhance our existing offer and ensure that our
core products remain best of breed.”
Jean-Michel Beghin, Managing Partner at Keensight Capital, commented: “We are delighted
to have supported Etienne Colella and the PIXID team with the acquisition of The Internet
Corporation. We believe that this partnership is ideally placed for the new chapter of PIXID’s
development strategy and expansion outlook for the UK and European markets. With our
strong international network, we see TIC as a very promising partner, enjoying leading positions
in Europe as well as in the global marketplace. This win-win partnership will ensure constant
development of the product range and delivering innovation for the benefit of clients.”
About PIXID
Created in 2004, PIXID is the leading VMS in France to offer a complete SAAS application
compliant with the many aspects of French regulation for providing and using temporary staff.
More than 100,000 users are daily connected through PIXID to lower their costs and work more
efficiently with their suppliers on-line. Today, the company deals with 4,000,000 contracts. Very
innovative services, like the electronic signature of HR contracts are available to customers
ranging from large accounts to SMB. PIXID is based in Paris and London.
In 2016, more than €13 billion of transactions were conducted through PIXID’s platform through
150,000 daily sessions. Etienne Colella, President of PIXID joined the list of 100 most influential
people in the European staffing market.
For more information, visit us at www.pixid.fr and follow @mypixid
About The Internet Corporation Limited
The Internet Corporation is one of the true pioneers of internet services with a 30-year heritage
Press Release
For Media:
Instinctif Partners
Mark Walter & Tali Kramer
+ 44 207 457 2020
Pixid@instinctif.com
in both recruitment and technology. Amris, removes much of the administrative hassle from
recruitment by streamlining every aspect of the process. Amris ATS is an existing supplier to
some of the highest profile names in the public, private and third sectors.
Zao is a leading employee social referral platform, with a high quality worldwide customer
base. Zao makes employee referrals and social media hiring easy and automated. Employee
engagement is increased by making participation fun with gamification, rewarding
employees for good effort and not just referral hires.
Employee-Check is a complete online candidate reference platform to save money and
remove administrative hassle from the process of gathering references.
About Keensight Capital
Keensight Capital, one of the leading European Growth Private Equity firms, is committed to
supporting entrepreneurs as they implement their growth strategies. For almost 20 years now,
our team of seasoned professionals have leveraged their knowledge in investment and growth
industries to invest for the long term in profitable companies with high growth potential and
revenues in the range of €15 million to €150 million.
Drawing on our expertise in a variety of sectors including Internet/Media, Information
Technology, Healthcare and Services, we identify the best investment opportunities in Europe
and work closely with management teams to develop and achieve their strategic vision.
www.keensightcapital.com
Press contacts for Keensight Capital
Anne de Bonnefon – abonnefon@keensightcapital.com – +33 (0)1 83 79 87 37
Citigate Dewe Rogerson
Aliénor Miens – alienor.miens@citigate.fr – +33 (0)1 53 32 84 77
Alison Emringer – alison.emringer@citigate.fr – +33 (0)1 53 32 78 91