Exton, PA – July 10, 2018
People 2.0 Global, LP – a leading business process outsourcer in the human capital services sector announced today that the acquisition of Contingent Workforce Solutions, Inc., (“CWS”) headquartered in Toronto, Canada, was completed at the end of June.
CWS is a leading, vendor-neutral provider of independent contractor compliance, employer of record (“EOR”), and payrolling solutions for pre-identified contractors working through managed service providers (“MSP”), vendor management systems (“VMS”), freelancer management systems (“FMS”) and recruitment process outsourcing (“RPO”) companies. The company has established strong relationships with blue chip clients in the MSP, VMS and RPO sector and is highly respected for its thought leadership in the contingent workforce management space in North America.
Including CWS, People 2.0 is the largest independent global workforce deployment platform exclusively dedicated to ‘market makers’ in talent, supporting over 1,600 active clients in three continents.
Jeff Nugent, Founder and CEO of Contingent Workforce Solutions, commented: “People 2.0’s vision of providing a scalable Infrastructure that enables all types of organizations that connect supply and demand in talent to employ & deploy contract workers around the globe instantly, efficiently and compliantly, is something that I truly believe in”. Jeff concluded: “As a combined entity we are now, by far, the leading independent global workforce deployment platform with a unique market position”.
People 2.0’s Executive Directors, Charles Miller and Erik Vonk added: “Contingent Workforce Solutions is a strategically important acquisition for us. The company’s expertise in independent contractor classification, deep relationships within the contingent workforce management ecosystem and strong ties with marquis clients among MSPs, VMSs and RPO’s, allows People 2.0 to further accelerate its growth”. They continued: “CWS’s team is amazing and fits spectacularly with People 2.0’s culture. Miller and Vonk concluded: “Plus, the two CWS principals, Jeff Nugent and Steve Schaus, add significant executive acumen to our already strong leadership team and will be instrumental in executing our global expansion strategy”.
Expanded Management Structure
As part of the transaction, Jeff Nugent is taking on the role of People 2.0’s Chief Strategy & Global Business Development Officer, while Steve Schaus has been appointed Senior Vice President, Corporate Development. In their new positions, Jeff and Steve will join People 2.0’s Executive Committee.
Unparalleled Market Position
People 2.0 was established almost two decades ago as a technology enabled business process outsourcing company, strictly providing back-office outsourcing solutions and employer of record services for staffing firms. As the market evolved, it was discovered that other ‘market makers’ in talent – companies that connect people with work and places of work with people – would benefit from People 2.0’s scale as an on-demand employer of record and workforce deployment solution. This led the company to expand its services to:
- Contingent Workforce Management Service Providers (MSPs, FMSs, Compliance, – Contracting, and Consulting firms).
- Talent Acquisition Service Providers (Recruiters, Search Firms, RPOs, Online Platforms)
This strategy, enhanced by the acquisition of CWS, has established People 2.0 as the leading global workforce deployment platform exclusively dedicated to market makers in talent.
About People 2.0
People 2.0 is the leading, global employer or record (EOR), agent of record (AOR) and statement of work (SOW) deployment platform for workers contracted by services that connect supply and demand in talent. The company’s comprehensive, back-office resources enable organizations in the staffing sector to lower cost, reduce risk and expand their reach, while empowering market makers in talent acquisition, and contingent workforce management segments to deploy workers directly in major global markets.
Senior Marketing Manager