PRESS RELEASE: French VMS PIXID continues European expansion strategy with the acquisition of Dutch leading ATS Carerix

Paris/Rotterdam, April, 19 2018 – PIXID, Workforce Management Solutions provider, has acquired Carerix, a Dutch-based CRM and ATS supplier, to further strengthen its proposition and expand its European operations. Adding a leading supplier for CRM and ATS systems to its ranks allows PIXID to reinforce its expertise, enhance its service offering and strengthen the value chain offered to the temporary employment sector.

Carerix & PIXID teaming up

The acquisition also means PIXID can now add a presence in Benelux to its existing operations in France, the UK (sealed by its acquisition of The Internet Corporation in 2017) and Germany. Since the products as well as the markets of PIXID and Carerix are complementary, the brand Carerix will be maintained. The current management and headquarters location will be unchanged and will continue operating from the Cornerstone Business park Rotterdam The Hague Airport.

Advantage for clients of Carerix and PIXID

As a leading supplier of online recruitment software for recruitment, staffing agencies and corporate organizations, Carerix is currently helping more than 10,000 users every day. It has a presence in 17 countries due to relationships with major customers including Randstad, Adecco, Manpower, DPA and T-Groep. Besides, Carerix is used by many other smaller recruitment and staffing organizations.

By combining ATS and CRM functions of Carerix and the VMS solutions of PIXID, the strategy of the PIXID GROUP is to bring together the entire process between candidates / freelancers, intermediaries and corporate organizations. The current European market focus and market approach are maintained for Carerix as well as the expansion of the partner network. On the mid-term, the collaboration between Carerix and PIXID will lead to product synergies that will add value to both customer groups.

PIXID’s proprietary technology is currently responsible for filling one out of four temporary positions in France and have been powering the temporary staff market in France. The acquisition of Carerix further empowers the position of the well-known digital platform of PIXID for the management of flexible workforces throughout Europe. The acquisition is consistent with PIXID’s strategy of utilizing its scale to grow the core flexible workforce management business stream and adding other staffing and recruitment solutions into the overall portfolio.

Carerix Partner strategy

Another important reason for PIXID to acquire Carerix, is the company’s multi-level partnership programme to create ecosystems which brings extra value to the customers by delivering third party solutions as part of the Carerix portfolio. This tallies with PIXID’s approach to enable clients of all sizes to efficiently manage their temporary workers via a simple, scalable and cost-effective platform.

In 2017, PIXID GROUP posted a solid growth of 23% and expects for 2018 proforma revenue around €25 million. In France PIXID covers more than 90% of the temporary employment market and has two million workers registered in its database.

Etienne Colella, President of PIXID SAS commented: Since 2004 we’ve continued to grow to the point where we now represent a significant part of the temporary employment market in France. But our ambitions are much wider than that and we are now adding Benelux to our existing presence in France, the UK and Germany. Each country has its own idiosyncrasies and we were keen to choose the right partner with a strong market share and dynamic innovation strategy – qualities that Carerix perfectly embodies. The acquisition is the first phase of our introduction to this new region, known to be a mature and vibrant HR marketplace. We are confident that our combined solutions will make a significant contribution to helping those sourcing and placing temporary workers to reinvent their way of working and realize efficiencies.”

Reinald Snik, CEO of Carerix added: “Like PIXID, our objective is to transcend borders internationally and we already have customers in many European countries. Becoming part of the PIXID Group will give us the opportunity to faster achieve our ambitions. The acquisition is a mutual advantage for both parties to deliver better products and services to our customers and partners. The acquisition also opens the possibility to enter new markets in Europe.”

Jean-Michel Beghin, Managing Partner at Keensight Capital concluded: “We are delighted to support Etienne Colella in PIXID’s new development stage, further to last year’s successful integration of The Internet Corporation in the UK. We had identified Carerix, for its complementarities with PIXID’s service offering and operational teams, for its solid growth profile based on SaaS model and led by a talented management team, as well as for its highly appreciated innovation capabilities. Its strong foothold in the Netherlands and throughout Benelux will clearly contribute to strengthen PIXID’s positioning as a leading European digital platform for the management of flexible workforce.”

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. PIXID’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. More than 100,000 client locations 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 works in close partnership with the French Ministry of Labour, Employment, Vocational Training and Social Dialogue in its heartland and has established working relationships with the main professional associations of staffing companies in the UK and Germany.

For more information, visit www.pixid.fr/en

About Carerix

Carerix supplies state-of-the-art recruitment and staffing solutions that help corporate recruiters and intermediaries to find the best match. The solutions are hosted in a SaaS model and supplied via secure data centers. Carerix was founded in 2004 and has currently more than 70 employees and over 720 clients, including (divisions of) Randstad, USG, Adecco, DPA, Manpower and t-Groep. Carerix serves over 10,000 users every day, in 17 different countries, and collaborates with various strategic partners in a strong eco-system. Carerix is located at the Cornerstone Business park at Rotterdam The Hague Airport. For more information, visit www.carerix.com

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 €250 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.

For more information, visit www.keensightcapital.com

Press contacts Carerix

Influx PR, Gerline van Wijnen, t. +31 (0)55 3663034 or email: carerix@influx-pr.com.

Press Contacts Keensight Capital

Anne de Bonnefon – abonnefon@keensightcapital.com – +33 1 83 79 87 37
Citigate Dewe Rogerson – Alienor Miens – alienor.miens@citigatedewerogerson.com – +33 6 64 32 81 75