American CyberSystems Inc. has acquired substantially all of the assets of the staffing business of Comforce, the company announced Tuesday. Terms were not released. Comforce is backed by ABRY Partners.
Atlanta-based American CyberSystems, Inc. (ACS), announced that one of its wholly owned subsidiaries has acquired substantially all of the assets of the staffing business of Comforce (Comforce). The Comforce acquisition sends a clear signal; American CyberSystems is flourishing and is relentless in its pursuit to deliver the best contingent workforce solutions to their clients.
As part of ACS’s plan to deliver more value for clients, the acquisition of Comforce significantly expands the company’s capabilities in the areas of contingent IT, Engineering, Healthcare and Government staffing. Further, as a wholly owned subsidiary of ACS, Comforce clients will be better positioned to fulfill the objectives of their diversity initiatives around the world as clients of ACS.
“I was very impressed by my team’s ability to triple the size of ACS in tough economic conditions over the last two years, yet I believed we needed to offer more comprehensive contingent workforce solutions for our clients, and I saw the Comforce acquisition as the fastest possible way to deliver that value. There is no doubt the acquisition of Comforce – $175 million in annualized revenue – makes us a larger company, but more importantly, it improves our ability to produce remarkable outcomes for our clients,” said Raj Sardana, ACS CEO and President.
Clients of both companies will be excited by this alliance and the benefits of the combined resources. The Comforce reputation and solid track record of delivery had caught the attention of many would be suitors in the industry, yet the leadership team of American CyberSystems and Comforce prioritized values and common business cultures in the best interest of their clients. Ultimately, these two organizations have united around integrity, innovation, execution and an unyielding resolve to achieve remarkable outcomes for clients and employees.
“ACS provides a wonderful compliment of unique contingent labor staffing and solution services that we will be able to integrate within our existing business. The HireGenics and CrossUSA business units are established business models that we look forward to introducing to the established Comforce client base,” said Allison Gross, Comforce Executive Vice President.
SunTrust Robinson Humphrey acted as exclusive financial advisor to Comforce and its private equity partner ABRY Partners.
About American CyberSystems, Inc.
Founded in 1998, American CyberSystems, Inc. is a global information technology services company offering IT consulting and staffing services, systems integration, and business solutions to organizations in a variety of industries for Fortune 1000 companies worldwide. For more information about American CyberSystems, please visit http://www.acsicorp.com.
Comforce is a global staffing solution provider serving the largest organizations in the world focused on Healthcare, IT, Professional and Government staffing. Commitment to our clients, employees, and stakeholders is the foundation of our mission. For more information please visit http://www.comforce.com.
About HireGenics, Inc.
HireGenics creates enterprise value through de-risking and re-balancing the client’s workforce. HireGenics provides automated payroll services to assure compliance, MSP services to optimize the contingent labor process and provides procurement strategies that effectively manage deliverable-based projects or services spend. HireGenics delivers high quality, process based services at a faster pace, driving out cost and accelerating time to value for our clients. For more information about HireGenics visit http://www.hiregenics.com.
Founded in 1998, CrossUSA is a nationwide provider of Information Technology outsourcing solutions leveraging several US-Based Rural Development Centers that offer our customers workforce stability. CrossUSA’s Rural Development Center delivery model provides organizations in the Healthcare Insurance, Healthcare Provider, Financial Services and Manufacturing industries with experienced, dedicated teams of consultants that provide stable, low-cost work force solutions for long-term projects and support.