logo
logo

Workgenius, A Freelance Technology Company, Acquires Us Based Jbc, A Staffing Company

Jun 08, 2022•about 3 years ago

Acquiring Company

WorkGenius

Acquired Company

JBC

Description

WorkGenius, a freelance technology company has acquired US based JBC, a staffing company, in a landmark deal that together, will aim to transform the freelance staffing industry through proven operations, great people, and cutting edge technology.

Company Information

Company

WorkGenius

About

The most efficient technology for working with freelancers: Find, manage, and pay freelancers through a single platform | Freelance Workforce Solution

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed