Posted on January 2020
We are excited to announce the completion of a merger with Xcede and Etonwood as of Friday the 17th of January 2020. This merger brings together three specialist technology talent solution companies that creates a group with £100m revenue, 650 onsite contractors and 220 internal employees across 9 global offices.
The merger has been funded by South African private equity firm Universal Partners and Investec Bank. All three companies now share a group parent company branded as TechStream Group with Paul Beeke acting as Chief Executive Officer and William Jacques acting as Chief Operating Officer.
William Jacques said:
“I am delighted to announce the merger of Xcede Recruitment with both TechStream and Etonwood. By joining the businesses, we will expand our service offering into the US, Asia and MEA markets, whilst increasing our European operations”
William continued to say:
“The new enlarged group will continue to provide a highly focussed talent solution across technology, digital and automation. Xcede is focussed on building on its position as one of Europe’s leading digital and data talent solutions companies and we are very excited about the future.”
The group will operate across its current global office network in London, New York, Berlin, Hamburg, Munich, Singapore, Malaga and Cape Town. Operationally, each brand will remain highly specialised in their own field with a clear focus on new and emergent technology, covering Cloud Computing, Cyber Security, Data Analytics, Digital Transformation, IoT, Automation and CleanTech.
Since 2003, Xcede has delivered talent solutions for some of the most innovative and successful companies across the creative, technology, marketing and data sectors. In 2018 Xcede was awarded a place on the Virgin Atlantic Fast Track 100 table. Xcede has also been recognised as a great place to work, achieving inclusion in the Sunday Times Best 100 Companies list in 2018 and 2019.
Founded in 2017 by Paul Beeke, TechStream is an internationally recognised human capital business. TechStream consists of four portfolio brands each focusing on unique technology streams: CloudStream, EarthStream, AutoStream and CyberStream. The organisation employs over 130 internal sales delivery consultants and support staff with over 300 technology, engineering & digital consultants on client sites.
Paul Beeke commented:
“I am delighted for TechStream to be joining forces with Xcede, Etonwood, Universal Partners and Investec to create a much larger, diversified global technology talent solutions business.
This provides the platform, scale and funding to realise our future global growth ambitions and to drive our individual specialist brands in all of the global regions we operate in.”
Etonwood specialises in cloud and infrastructure technology talent solutions and works closely with financial services companies, technology consultancies and service management automation specialists which includes the rapidly growing ServiceNow market.
Etonwood Managing Director Andrew Murton said:
“The knowledge, experience and expertise that exists across the group will ensure each of our businesses maintains its position as a leader in its field and maximises the opportunities that exist for growth in this fast-moving sector.”
For more information on Xcede visit: https://www.xcede.com/
For more information on Etonwood visit: http://www.etonwood.co.uk/
For more information on Universal Partners visit: www.universalpartners.mu