Workforce ups IT offering with acquisition of OpenSource

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The group will spend as much as R24m to acquire the online recruiter and service provider

Labour services group Workforce Holdings says it has agreed to buy information technology e-recruiter OpenSource for as much as R24m, seeking to further expand its contracting offering of highly skilled personnel.

The agreement was concluded on Wednesday, with the price dependent on the financial performance of the target companies, OpenSource Intelligent Solutions and OpenSource International, Workforce said on Thursday...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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