Jacksonville, FL-based Vurv (formerly Recruitmax), a global provider of technology and recruitment services, has acquired People Business Network (PBN), a provider of on-demand workforce optimization solutions for monitoring workforce transitions, analyzing workforce metrics, and automating workforce deployment processes. Terms of the sale were not released.
The acquisition will add two key components to the Vurv talent management suite: offboarding (employee separation management) and human capital analytics and dashboards. The acquisition of PBN also extends Vurv’s integration, compliance, and workforce planning capabilities.
By adding PBN’s product line to address employee separation, redeployment, and retention, Vurv will add to its product offerings, including automated generation and tracking of critical separation and redeployment data. Specifically, the acquisition gives Vurv more offerings to organizations considering large workforce-related events such as mergers and acquisitions, outsourcing, re-organization, and staff reductions and provide the ability to manage enormous
financial and compliance risks that are typical of these events.
The acquisition includes PBN’s list of blue-chip clients, including 10 Fortune 500 organizations. PBN’s strategic and differentiated offerings have led to annual revenue growth of greater than 50 percent.