Three-way merger to create £100m revenue firm
A merger between three tech talent specialists is to create a £100m revenue company.
Xcede, TechStream and Etonwood have joined forces to create TechStream Group, which will employ 220 people across nine global offices.
The company will be headquartered in London with offices in New York, Berlin, Hamburg, Munich, Singapore, Malaga and Cape Town.
The merged company will specialise in talent for cloud transformation, digital transformation, cyber security, data analytics, automation, the Internet of Things and CleanTech.
Xcede CEO William Jacques said: “This merger brings together three specialist technology talent solution companies to form a much larger global offering focused on emerging technologies.”
“By joining the businesses, we will expand our service into the US, Asia and MEA markets, whilst expanding our European operations.”
The merger has been funded by private equity firm Universal Partners and Investec Bank.
TechStream founder Paul Beeke added: “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.”