Tech talent specialists form £100m revenue global firm in new merger

Three technology talent solution businesses have teamed up in a merger that will create a £100m revenue global firm.

Xcede, TechStream and Etonwood have joined forces to create a multi-million pound revenue company with 220 employees across nine global offices.

The merged firms will share a group parent company branded as TechStream Group, headquartered in London and operating across its current global office network in New York, Berlin, Hamburg, Munich, Singapore, Malaga and Cape Town.

Continuing to specialise in their own fields, the firms will focus on new and emergent technology including cloud transformation, digital transformation, cyber security, data analytics, automation, the Internet of Things (IoT) and cleantech.

Xcede CEO William Jacques commented: “This merger brings together three specialist technology talent solution companies to form a much larger global offering focused on emerging technologies.”

“By joining the businesses, we will expand our service into the US, Asia and MEA markets, whilst expanding our European operations.”

The merger has been funded by private equity firm Universal Partners and Investec Bank.

TechStream founder Paul Beeke added: “I am delighted for TechStream to be joining forces with Xcede, Etonwood, Universal Partners and Investec to create a much larger, diversified global technology talent solutions business.”