Matrix, a leading workforce technology and services platform, has recently acquired employment screening company Security Watchdog from the business process services group Capita. Though, financial terms were not disclosed.
UK-based Matrix helps employers across public and private sectors to attract, recruit and manage their contingent workforce by enabling multiple hiring channels and providing access to a nationwide pool of pre-vetted recruitment suppliers. Trust and compliance lie at the core of its services and values. This acquisition makes Security Watchdog a strong fit for Matrix, expanding its portfolio of services through its neutral vendor platform to employers, suppliers and workers.
Commenting on the acquisition, Chief Executive Officer of Matrix, Mark Inskip, said:
This first acquisition for Matrix represents a critical enabler to our accelerated growth trajectory. It marks a crucial next step in delivering our shared vision with Bridgepoint of creating the talent solutions ecosystem of the future, enabling our customers to thrive in the rapidly evolving world of work, and delivering on our purpose of connecting people to work. Through this strategic investment, we will be providing our customers with an expanded range of background-checking services, giving them even greater levels of confidence in the compliance status of the talent they employ or engage.
Inskip further added:
The compliance expertise Security Watchdog brings will also help accelerate the recruitment and onboarding process, which our clients will be able to do with greater confidence for the benefit of their employees and customers.
Security Watchdog is the industry leader and subject matter expert in all areas of international pre-employment screening and risk mitigation. The company aims to develop world-class risk mitigation partnerships with a global client portfolio underpinned by ‘delight through excellence’ customer service principles. It offers digitalised smart pre-and post-employment screening solutions. The firm is also the largest EMEA supplier of background checks and a trusted partner to clients across the globe.
The Managing Director of Security Watchdog and Member of the Board of industry body the Professional Background Screening Association (PBSA), Susie Thomson, added:
I am thrilled to be joining forces with Matrix and excited by the opportunities and potential that will be created for our customers and employees through the unique combination of our platforms and service offerings.
Speaking about the development, Jon Lewis, Chief Executive Officer of Capita, said:
We are pleased to have agreed on selling our Security Watchdog business to Matrix following a competitive sale process. This was one of a number of Capita businesses which were successful but did not form part of our core growth strategy and will benefit from opportunities under new owners.