TechnoPro Holdings Acquires Boyd & Moore Executive Search
July 25, 2017 – TechnoPro Holdings has acquired Tokyo-based Boyd & Moore Executive Search. Financial terms of the deal were not disclosed.
Boyd & Moore is a global executive recruitment firm operating primarily in the technology sector, serving multinational clients. The agency also offers recruitment process outsourcing (RPO) and market mapping.
With $1 billion in revenue and more than 13,000 engineers supporting Japan’s industrial, manufacturing, automotive, and technology industries, TechnoPro is Japan’s largest engineering staffing outfit. Through extensive discussions between Boyd & Moore’s founders and the executive team of TechnoPro, both parties saw the potential for major synergies in the acquisition.
Agreement
Boyd & Moore will maintain its brand and operational independence and will contribute its expertise in the area of permanent executive search, along with its intelligence capabilities and international knowhow. Particular focus will be placed on the Japan/ Asia region where Boyd & Moore expects to help TechnoPro better service its client base across various markets. Domestically, TechnoPro will help the firm further develop its RPO and contract & interim talent solutions offerings.
“We expect the partnership with TechnoPro to greatly increase demand for our talent solutions outside of Japan,” said Jon Underland, co-founder of Boyd & Moore. “In our experience, the more conversations we engage in across the region, the more business we end up with back here in Japan. This market is always a real pain point.”
Co-founder Tony Moore said he regarded the acquisition as a big step forward for the firm’s plans in the region. “It’s another great milestone in our mission to empower organizations in Asia Pacific through introducing great people and offering valuable insights,” he said.
Mr. Underland has been in Japan’s executive search industry for over 15 years. His network extends from Silicon Valley to Asia Pacific and he has assisted more than 60 companies enter and build their operations in the region. His recruitment efforts have focused on venture-funded start-up companies in the network and telecommunications space.
In addition to leading a 30-plus member sales force, Mr. Moore is responsible for Boyd & Moore’s strategic direction, business development initiatives and operations and directly oversees the company’s technology search practice. He remains highly active in search, maintaining a diverse range of tech clients and focusing on executive level roles within Japan and throughout Asia. He has been an executive search professional in Japan since 1999.
TechnoPro Group intends to leverage the acquisition by promoting medium and long-term solutions in the HR tech area, the firm said. This will include building a solid recruiting base for engineering staffing services, promoting cross-selling of recruitment and engineering staffing services by leveraging each other’s client bases, and developing capabilities across a wide range of human resource services.
Acquisitions
A handful of staffing and advisory companies have acquired executive search firms in recent months. Here’s a sampling from the Hunt Scanlon Media Archives:
Simione Healthcare Consultants acquired Healthcare Concepts Inc., a Memphis-based executive recruitment firm that specializes in the home care and hospice industry. he transaction combines the Healthcare Concepts team with Exact Recruiting, which was acquired by Simione in April and is dedicated to home care, hospice, palliative care and other community-based services.
HR consulting company Optimum Talent acquired executive search firm Conroy Ross Partners. Founded in 1994, Conroy Ross Partners is a national search firm with offices across Canada. It works with leadership teams to recruit a wide range of C-level executives.
Executive search firm Sonoma Consulting, Inc. has been acquired by Chicago-based private equity firm Highlands Ventures. With offices in Naperville, Chicago, Tyson’s Corner, and Hyderabad, India, Sonoma Consulting serves over 100 national and international companies. Its clients range from start-ups to Fortune 500 companies globally.
Talent solutions firm Vaco acquired Pivot Point Consulting based in Seattle and boutique executive search firm Greythorn in Bellevue, WA. Greythorn specializes in placing top executives within the healthcare IT sector. In addition to executive search, the firm provides various talent management services.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media
