October 19, 2022
Beeline, a vendor administration system supplier primarily based in Jacksonville, Florida, struck a deal to amass Utmost, a agency that makes a speciality of offering purchasers with insights into their workforces, each worker and nonemployee.
“The way forward for work is powered by expertise that unlocks the potential of each employee, no matter classification,” Beeline CEO Doug Leeby mentioned. “We have now a disciplined historical past of solely buying corporations which might be rightful expertise leaders that can ship additional worth to our clients. The Utmost acquisition is especially thrilling in that it enhances and accelerates our strategic roadmap and delivers intelligent and distinctive options to our clients on day one.”
Based and created by two former senior Workday product professionals, the Utmost expertise permits clients to view, in actual time and in mixture, each worker and non-employee workforces by location and reporting construction, Beeline reported.
“This can be a vital deal that serves to underscore how the normal VMS and its enterprise mannequin are ripe for disruption,” mentioned Matt Norton, workforce options analysis director at Staffing Trade Analysts. “Following on from Beeline’s acquisition of JoinedUp final yr, this transfer accelerates the corporate’s functionality to deal with all classes of the prolonged workforce.”
The Utmost acquisition will even permit smaller and midsize companies to higher perceive the administration of their prolonged workforces in addition to allow enterprises and associate to tailor contingent workforce administration for inside divisions and new markets, in accordance with the corporate.
“Beeline shares our imaginative and prescient of utilizing expertise to convey prolonged workforce administration to each stage of the group and worth to each stakeholder of the contingent workforce ecosystem,” mentioned Utmost CEO and co-founder Annrai O’Toole. “Beeline’s innovation just isn’t solely centered on present workforce challenges however is driving the optimization of tomorrow’s workforce.”
Utmost was based in 2008 by O’Toole and Dan Beck, former Workday product professionals, and Paddy Benson, previously with Groupon. Utmost has places of work in San Francisco and Dublin, Eire. In Might 2021, it introduced a $21 million collection B funding spherical.
In 2020, Utmost gained a competitors styled after the tv present “Shark Tank” held at that yr’s Collaboration within the Gig Financial system convention.
Phrases of the transaction weren’t introduced.
Beeline in Might introduced it acquired a serious funding from Stone Level Capital.