Factor Business Acquisitions assists Cloudwatch shareholders with merger

Description

Cloudwatch & VroomHR, both specialists in HR Transformation and Digital HR, join forces. This creates the most customer-oriented full-service Digital HR specialist in Europe. 'Together we have all the talents and skills in house to serve customers with every possible issue on the digitization of 'people processes'.'

The new organization has over 35 specialists, including a broad team of HR consultants in the field of HR transformation, process improvement, architecture and software selection. In addition, the new business is a specialized implementation partner of a number of leading HR software vendors such as Cornerstone OnDemand, Talentsoft & Smartrecruiters. With its own consultants and flexible shell, the combination has over 65 HR IT professionals working.

Ruben van Geffen, managing partner of VroomHR: 'Our new business not only has all the expertise in-house to help clients with HR transformation & change, process optimization and choosing the right tooling, but we can now also take care of the entire implementation and technical integration. This makes us a full-service Digital HR specialist. Our clients can come to us from strategy to technical solutions and everything in between.'

Agreements

Both organizations have specialized in HR technology since their inception, but there are more similarities. The culture and focus on concrete results for clients that both businesses share has resulted in an appealing joint track record of more than 1,000 clients over the past 25 years. This includes both large international organizations, as well as smaller local projects where a difference has been made with and for HR teams.

Jochem ter Steege of Cloudwatch: 'Our mentality and focus make us different from the big consultancies that also focus on Digital HR. We deliver so much more than consulting and project management. We are creators who always work with our clients to implement the intended change. We choose our partnerships with software vendors carefully and know the capillaries of these products, but never act as a reseller of a solution. Our goal is always to think independently with the client about the best suited solution for their way of working. And when we perform an implementation, we do so as a product expert with our view of the HR business, not the software. And always with our customer's interests in mind.'

Guidance Factor

During the entire process Factor Business Acquisitions acted on behalf of the shareholders of Cloudwatch, aiming for a win-win situation for all shareholders involved. Factor acted as the connecting party to achieve a successful conclusion to the satisfaction of all parties.