FastTrack to join leading business management software provider Access Group
Leading business management software provider The Access Group, has entered into a binding agreement to acquire FastTrack, a cloud-based recruitment platform built to help staffing organisations streamline and grow. The acquisition is currently going through all necessary regulatory approvals and the process is expected to be successfully concluded week commencing 7th March 2022.
Access Recruitment, a division of the Access Group, supports agencies from start-up to scale-up, through to large enterprise players with technology that spans the entire front to back-office ecosystem.
FastTrack is a leading provider of end-to-end recruitment solutions in Australia and New Zealand and will bring its 60 members of staff to Access. Working in harmony with the Access 1,000 strong APAC team and its wider global employee base, FastTrack will support Access Recruitment’s delivery of solutions that underpin success for customers. The addition of FastTrack’s powerful integrated software for timesheets, payroll and billing will support Access Recruitment’s extensive suite of industry-leading software and will significantly expand its international reach.
Paul Vogel, managing director of Access Recruitment commented: “FastTrack’s robust recruitment technology has been an invaluable source of support for many recruitment agencies seeking growth. We are excited at the prospect of having FastTrack join Access Recruitment and we look forward to working together towards our goal of giving our customers the freedom to do more and accelerating our vision to become the #1 global provider of recruitment technology. The FastTrack team’s expertise is unmatched in the APAC market and will certainly be a great fit alongside the Access Recruitment team.”
David Page, CEO of FastTrack said: “At FastTrack we have spent over 25 years imagining ways to make recruitment businesses stronger with software that drives better business performance. Being acquired by Access is the natural next step to extending our global capabilities, as increased investment will provide a boost to our innovation. Access has a deep specialism within the recruitment industry and offers the widest portfolio of recruitment technology solutions of any industry provider, in which FastTrack will find a solid grounding for further growth”.
The planned acquisition of FastTrack would be the second in 2022 for Access Recruitment following the acquisition of recruitment operating system Vincere in January.
FastTrack was acquired from Harbert Australia Private Equity and existing management. FastTrack was advised by K&L Gates and Gadens and Access Group was advised by Corrs Chambers Westgarth.
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About The Access Group
The Access Group is one of the leading providers of business management software to mid-sized UK and Asia Pacific organisations. It helps more than 55,000 customers across commercial and not-for-profit sectors become more productive and efficient. Its innovative Access Workspace cloud solutions transform the way business software is used, giving every employee the freedom to do more. Founded in 1991, The Access Group employs more than 5,000 staff.
About Access Recruitment
Access Recruitment fuels the growth and profitability of staffing firms around the globe with its unique breadth of software, giving agencies the freedom to focus on their clients and candidates. The only technology provider to offer the entire spectrum from SaaS recruitment CRM, to websites, automated candidate screening, pay and bill software and services, as well as a worker app and performance and productivity analytics. In January 2022 it also acquired Vincere to enhance its global reach.
www.theaccessgroup.com/recruitment/
About FastTrack
Headquartered in Australia, FastTrack builds software solutions that help create a better future for staffing and recruitment agencies. Its leading FastTrack360 solution aims to be the business platform of choice for leading staffing organisations globally. FastTrack360 is the complete Recruit, Time, Pay, Bill software solution that simplifies recruitment operations and automates middle office processes, improving staffing agency productivity and the accuracy and consistency of data.
Partnering with start-up, small to medium, and enterprise recruitment businesses across Australia and New Zealand for over 27 years, FastTrack has the tech, expertise, and support to help agencies manage their business more efficiently, improve productivity and focus on building valuable client and candidate relationships.
www.marketplaces.fasttrack.com.au/