PE-backed PIXID closes The Internet Corp buy

PIXID, which is backed by Keensight Capital, has acquired UK-based The Internet Corp, owner of the applicant tracking system and recruitment software Amris. No financial terms were disclosed.


LONDON & PARIS–(BUSINESS WIRE)–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.

PIXID’s proprietary technology is currently responsible for filling 1 out of 4 temporary positions 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 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 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:
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 digitalised documents;
manage 450 suppliers and 7,000 staffing agencies; and
process 2,000,000 permanent candidate applications.

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. The UK has the leading temporary labour market in Europe and the opportunity to combine our platforms was too good to miss. I am delighted to say that Mark Kieve and his management team will remain in place at Amris and Zao. We look forward to strengthening our current platforms.”

Mark Kieve, the CEO of the Internet Corporation, commented: “We’re thrilled to have completed this transaction. 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.”

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.