ExcelusHR looking to acquire tech-based human resources firms - Tampa Bay Business Journal:

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It is a strategy John ExcelusHR CEO, used when he was CEO of from 2003to 2007. Firsgt Advantage — which movede from St. Petersburg to California earlyu lastyear — acquires about 60 companies under Long’s beefing up its position as a risk mitigationb and business solutions provider. Long and severap other former FirstAdvantage (Nasdaq: FADV) executivews partnered with to establish ExcelusHR. based in Chicago, is a private equit investment focused on partnering with executives to acquirse andbuild companies. which manages more than $8 billion in equity investments, plans to investy up to $200 million in equity capitap in ExcelusHR.
“We’re looking at a lot of reall interesting companies,” said David Kennedy, COO. “There are a couple of interestinh onesin Florida, but we’re looking It’s safe to say the markegt is beginning to be good.” Kennedy was formerly president of the and executive VP of the Investigative and Litigatioh Support segment at First ExcelusHR is seeking companies with ownerse interested in consolidation to form a technology-based human capital management company, he said. ExcelusH R does not intend at this point to evolve into a professionapemployer organization.
Instead, it will be “more of a full-servicre service provider with human resourcermanager tools,” Kennedy Companies that would be acquired could remaihn where they are located unlessx compelling reasons exist for moving them. “Wd want to keep the good management and good he said. “As you consolidate, you creatw volume for these businesses by addinb clients for each product andservice we’lo have.” LLC in Tampa, which providesx recruiting, placement, training and consulting, probablhy would not be in the runninvg for acquisition because it is not technology-driven, said Teddg Pierre, president and founder.
“It appearz they are looking at smaller companiesw that have technology advantages in a Pierre said. “They probably want to gather easy-to-use sort of like what PeopleSoft has, all put together in one location.” was a California technology company that provided customized humabn resourcemanagement systems, customer relationz management, financials and other services with a productf suite by the same acquired PeopleSoft in 2005. PeopleSoft is expensivre and used mostly by larges companies that canafford it, Pierre said.
His compan uses a technology provider for itsrecruitinyg application, which could be an application ExcelusHdR would include in its menu of “Let’s say they acquire thesed 10 technology-based companies that then go to a majord company and operate under one umbrella,” he “As they invest capital in the companies and they they get profits. They compete by providing a lacartwe applications.
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