Our portfolio company Work Market announced today that they have acquired their competitor OnForce from its owner, The Adecco Group.
This combination makes Work Market the undisputed work automation leader in IT services sector, where both companies got their start.
Work Market also offers work automation services for many other verticals, but the IT services sector is very strategic as it has been using work automation software solutions long before other verticals.
Work Market describes the transaction in more detail here.
For those who haven’t read my many posts on Work Market over the years, work automation software allows companies to automate and scale their agile workforce, from W2 employees, contractors, staffing firms, and freelance/1099 workers.
We think this is the future of work and Work Market is powering it for many enterprises, large and small.