Recruitment tech firms merger creates £100m global business

Technology talent solution businesses Xcede, TechStream and Etonwood have joined to create a £100m revenue global business.

In a merger funded by private equity firm Universal Partners and Investec Bank, the unified business now has more than 650 technology, engineering and digital consultants on client sites, and 220 internal employees across nine global offices.

Led by TechStream founder Paul Beeke, with Xcede CEO William Jacques as chief operating officer, the newly formed group will be headquartered in London, while the three companies now share a group parent company branded as TechStream Group.

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.”

While the group will operate across its current global office network in London, New York, Berlin, Hamburg, Munich, Singapore, Malaga and Cape Town, each brand will continue to focus in on its own specialism. In particular this will focus on new and emergent technology covering cloud transformation, digital transformation, cyber security, data analytics, automation, IoT, RPA, embedded tech, CleanTech and GridTech.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

NEW TO THE MARKET: 14-18 APRIL 2025

This week’s new launches include: Busy Bee Recruitment, Deel

New to Market 14 April 2025

Californian master plan calls for new statewide collaborative to align education, training and hiring needs

In the US, the state of California is proposing to launch digital career passports for the labour market.

Legislation 14 April 2025

Spotted Zebra merges Interview Intelligence and Assessment in one platform

HR tech talent acquisition firm Spotted Zebra has merged its Assessment platform with its Interview Intelligence.

New to Market 11 April 2025

CONTRACTS & DEALS: 7-11 APRIL 2025

This week’s new contracts & deals include: AESC, Dosen

Contracts 10 April 2025
Top