Recruit IT Group has acquired the assets of privately-held company Sead, in a bid to utilise the company's renowned database.
Based in Auckland, Sead provides permanent and contract ICT recruitment services to a broad cross section of clients including the energy, telco, insurance and software development/vendor community, and will continue to operate under the Sead brand.
Recruit IT Group director John Wyatt describes the acquisition as two well respected brands taking the opportunity to work together to work smarter.
"Sead is renowned for its referred database whereby proven contractors recommend other contractors within their network," he says.
"Sead in turn manage this network and provide proven candidates to clients accordingly."
Wyatt says the intention is to immediately merge the respective company databases to form a pool of over 30,000 candidates, making it one of New Zealand’s largest silos of qualified ICT professionals.
As a result of the deal, Wyatt claims Sead’s existing clients will benefit from access to the larger resource pool and candidates will benefit from the combined companies client reach.
Given the purchase was only concluded last night, the transition will be in full swing from today, with Sead’s MD Scott Groombridge continuing to stay on at firm.
"Recruit IT is excited about the prospect of being able to increase recruitment consultant talent within its group of companies and also the onboarding of innovative technology that will build on their successful recruitment platform," Wyatt adds.