Sep 2014 - ISV Acquired by Dillistone Group
REC Business Partner ISV Acquired by Dillistone Group
Recruitment testing and training specialist ISV Software, an REC Business Partner, is celebrating making the grade after Dillistone Group Plc (www.dillistonegroup.com), the publicly traded parent of recruitment software suppliers Dillistone Systems, Voyager Software and FCP Internet, announced its acquisition of the company, effective today. REC members will be particularly familiar with longstanding members of the Business Partner scheme - ISV and Voyager.
ISV Software is the leading supplier of skills testing software and services to the UK Recruitment Industry. Used by 9 of the top 10 UK agencies by number of offices and 7 of the top 10 by revenue, ISV’s FastPath testing product allows agencies to validate the skills of potential candidates across a wide range of areas. Dillistone Group Plc is a leading global provider of software and services that enable recruitment firms and in-house recruiters to better manage their selection process and address the training needs of individuals. ISV Software is a natural extension of Dillistone Group, which serves over 2,000 clients in more than 60 countries.
Managing Director of ISV Amanda Davies said: “This is a very exciting time for ISV Software. The company and brand are already well-established and respected in the recruitment industry, and we’re now joining forces with one of the largest suppliers to the global recruitment sector. The acquisition by Dillistone Group creates fantastic opportunities for product development, our business growth and our team. By pooling our expertise and ideas with the group companies, including fellow REC Business Partner Voyager, we will continue to serve the member base with software that meets their business needs and improves the client and candidate experience.”
Laurie Dobson, departing CEO and former majority owner of ISV Software, said: “Over the years, I have received a number of approaches from potential buyers, and deciding to sell ISV was not a decision I took lightly. I am delighted the company has been acquired by Dillistone Group. We have similar values, and the plan is to invest in and continue to grow ISV. I am leaving behind a strong management team and excellent client relationships, so the future is in good hands.”
”We are delighted to be welcoming the ISV Team to our Group. They bring a terrific product, a great team and an impressive portfolio of clients, and we believe that they will go from strength to strength with the added resources that our Group can offer them,” commented Jason Starr, Group Chief Executive of Dillistone Group Plc.
Simon Warburton, Managing Director of Voyager Software also commented; “We are delighted with the addition of ISV into the Group. Both the team at ISV and the FastPath product have an excellent reputation in the market and with the added resources that the Group can offer, it can only go from strength to strength. I’m looking forward to working with the team and some of our mutual clients.”
ISV will continue to operate as a separate business, supplying online testing and training to recruitment, HR and talent teams globally.
For more information, please visit ISV Group