March 28, 2017 – Talent solutions provider Vaco has acquired the managed services division of Binary Semantics, a software development and systems integration company. Financial terms of the deal were not disclosed.
For more than 30 years, Binary Semantics provided large-scale outsourcing services to technology and media organizations across the globe. Together, the combined companies will form a global powerhouse offering advertising & digital content creation, content sourcing, data & content curation, validation and verification, technology operations, software development, QA testing, machine learning and data analytics.
“Vaco is built on collaboration and diversity of thought. The Binary Semantics team absolutely embodies that and brings, as an added bonus, a strong and deep presence in one of the most dynamic markets in the world,” said Jerry Bostelman, Vaco founder and chief executive officer. “Our 7,000-plus clients compete on an increasingly connected and interdependent planet, and it is a tremendous honor to offer more and more ways to contribute to their success.”
“Expanding internationally has been on our radar for quite a while,” said Atul Bhave, a Vaco partner. “Establishing a presence in the India market allows us to provide consistent, non-stop project support at home and abroad. With boots on the ground in India, we are better positioned to continue this international growth trajectory.”
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“This transition sharpens our focus on growing Vaco’s core managed services capabilities to a global scale,” said Jim Jhanda, a managing partner at Vaco. “We believe there is a significant opportunity to accelerate future growth with our existing U.S. clients with this expanded reach. We look forward to working with the excellent Binary management team to continue to invest in and grow the company.”
Akhil Choudhary, CEO of Binary Semantics, added: “Combining our capabilities with those of Vaco provides a unique opportunity to streamline services through shortened scale-up times and improved capabilities for business continuity across different geographies and around the clock operations across different time zones. We are excited by this new opportunity and look forward to serving clients in additional locations.”
The acquisition marks Vaco’s fourth purchase over the last 18 months and reflects clients’ increasing need for it’s managed services, business process and technology outsourcing operations.
At the end the year, Vaco acquired Pivot Point Consulting based in Seattle and boutique executive search firm Greythorn in Bellevue, WA. The new acquisitions bring together more than 50 employees and 250 consultants across the nation.
Pivot Point Consulting, a healthcare IT consulting firm that provides implementation, staff augmentation and advisory services for healthcare provider organizations, has employees in 30 states and provides services to over 40 healthcare organizations, including large multi-hospital networks, academic institutions, pediatric hospitals and local community clinics.
Greythorn specializes in placing top executives within the healthcare IT sector. In addition to executive search, the firm provides various talent management services, including training; leadership support; strategy and planning; project management; and staff engagement and retention solutions.
Vaco also opened its second New Jersey location in Saddle Brook. Search industry veteran Leon Downes joined the firm from Solomon Page to lead the office as managing director. He has over 15 years of recruiting experience across accounting, finance, operations and administration.
Focus Search Partners, the executive search division of Vaco, added Julia Dupps as a partner in its Los Angeles office. Her addition to the Focus Search team allows the firm to continue expanding its presence on the West Coast. Ms. Dupps focuses on executive level positions in the healthcare and life sciences industries. With more than 14 years of recruitment experience, she gained search experience with Korn Ferry Futurestep and Caldwell Partners.
Focus Search’s L.A. expansion follows the firm’s entry into the San Francisco market with the acquisition of search firm Charlson Partners, a specialist recruiter for enterprise technology and service companies. Founder Adam Charlson has recruited senior leaders for a wide variety of companies in the space, including Adobe Systems, Cisco, Cornerstone OnDemand, Convergys, DataPipe, Experian, FICO, Google, HP, Infor Global Solutions, Informatica, JDA Software, Microsoft, PayPal, Progress Software, Salesforce.com, SAP, Sitel, TeleTech, and Verint, among others.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media