H2 Equity Partners acquires majority stake in Myler, an online staffing platform for IT professionals
H2 Equity Partners acquires majority stake in Myler and realises first bolt-on acquisition. H2 Equity Partners (“H2”) announced the investment in Myler, a market leading, rapidly growing online staffing platform for highly educated, independent (IT) professionals.
Myler provides innovative staffing services by directly connecting corporate managers with professionals via an online ‘Branded Network’. Myler, based in Utrecht (The Netherlands), has circa 1000 professionals at work and has annual revenues of ca. €80 million. Myler aims to be the best solution for organisations in providing the most suitable independent professionals for their IT projects in a highly efficient manner. In addition, Myler aims to be the number one platform and network for independent, specialised IT professionals by having the broadest and most attractive offering of potential assignments. Founder and CEO Toon van Bodegom remains shareholder of Myler and will continue to drive the further growth and development of Myler together with H2. Besides autonomous growth, the plan is to accelerate Myler’s growth through selective bolt-on acquisitions.
A first important step in the further growth of the platform is the acquisition of Jenrick. Jenrick, based in Culemborg, is also a staffing company of independent professionals focused on the IT segment and is of similar size as Myler. Jenrick is specifically strong in the non-profit-, technology-, finance- and telecom sector. The combined company will be able to offer a broader portfolio of staffing and other services to its corporate customers and independent professionals.
Both the acquisition of Myler and Jenrick are still subject to the approval of the Dutch competition authority ACM.
Source: H2 Press Release