Recently we have seen a couple of local IT Recruitment businesses get sold / merge. Recently Duncan & Ryan were acquired by Talent2 (an Aussie based, ASX listed recruitment firm) and the word on the street is that some smaller recruiters are looking to merge.
Why is this?
- Is it because people simply find it to hard and want a little more protection by being part of a bigger player?
- Is it that they were simply offered some great money for their business?
- Is it that some people are concerned about the upcoming election and the impact that could have on their business?
- Is there no room for small players (those who have two or three staff) in the marketplace?
Anyway nice work Bruce (from Duncan & Ryan), hopefully you got a good price:)
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