Randstad : acquires twago to accelerate its talent strategies
June 14, 2016 at 02:34 am EDT
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14 June 2016
Randstad Holding nv announces the acquisition of twago, Europe's leading freelance marketplace with more than 500,000 registered workers. Twago's platform will enable Randstad and its Randstad Sourceright organization to accelerate clients' freelance talent strategies and provide a more holistic and integrated way to manage the total workforce.
As a growing portion of the global workforce, freelance workers have become increasingly important to many organizations' talent management strategies. Experts estimate that online platforms for freelance and contingent workforce will grow by more than 40% a year for the coming 5 years.
'With twago's platform and reach, we can provide clients with enhanced access to freelancers', says Chris Heutink, Randstad Executive Board member. 'The twago architecture can be easily adapted to create client-branded freelance recruitment platforms seamlessly integrated with our Professionals activities like Yacht (NL) or Expectra (FR) or the clients' existing vendor management system. As a result, employers will be able to source talent more quickly and cost-effectively. It will also lead to a much better management of freelancers.'
Randstad CEO Jacques van den Broek adds: 'The acquisition of twago follows our success with RiseSmart, the first step towards offering new services through digital transformation. The addition of technology and business models that enrich our value proposition to clients and candidates is part of our 'tech & touch'-strategy.'
Founded in 2009, twago is the leading platform for freelancers' talent in Europe. The company received an investment from Randstad Innovation Fund in July 2014. Over the last few years, twago has invested in its underlying capabilities to provide a platform where freelancers can bid on projects in a fast, compliant and easy way. twago has become a mobile and trusted global exchange for employers and freelance workers.
Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placements to Inhouse, Professionals, Search & Selection, outplacement, and HR Solutions. The Randstad Group is one of the leading HR services providers in the world, with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States, as well as major positions in Australia and Japan. In 2015, Randstad had approximately 29,750 corporate employees and around 4,473 branches and Inhouse locations in 39 countries around the world. Randstad generated revenue of € 19.2 billion in 2015. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information, seewww.randstad.com.
For more information, please contact: Machteld Merens/Arun Rambocus, telephone: +31 (0)20 569 1732
Randstad Holding NV published this content on 14 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2016 06:34:06 UTC.
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Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).
RANDSTAD N.V. 
