Avionté Acquires SimpleVMS: Forging an End-to-end Integrated Platform for Contingent Talent Acquisition and Management
Viewpoint
16 Jan 2024
by
Krishna Charan, Akash Shukla
Recognizing the increasing need for an integrated technology ecosystem in the rapidly evolving talent acquisition and management market, Avionté strategically acquired SimpleVMS. Historically, Vendor Management System (VMS) functioned as a distinct technology from staffing Applicant Tracking System (ATS) platforms, and a poorly integrated VMS and staffing ATS not only impacts the quality of service staffing agencies deliver but also increases administrative costs. The aim of this strategic acquisition is to eliminate the barriers between VMS and staffing ATS technologies.
Everest Group anticipates that this acquisition will bring about a substantial transformation in the contingent talent acquisition process for both firms’ clients, enhancing efficiencies and accelerating job requisition fulfillment. While the acquisition will generate positive outcomes for employers, Managed Services Providers (MSPs), and talent alike, staffing agencies – operating at the intermediatory point of the talent acquisition process – are expected derive the most significant benefits including reduced time delays and eliminated extra effort associated with VMS interactions.
Scope
All industries and geographies
Contents
In this report, we examine:
Avionte’s acquisition objectives
The key acquisition drivers
The impact on Avionté, SimpleVMS, and their respective stakeholders
The Banking, Financial Services, and Insurance (BFSI) industry is modernizing to adapt to evolving macro, consumer, advisor, employee, competitive, and regulatory dynamics while navigating cost pressures. However, these efforts are often rolled out…