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January 09, 2014

Wheelings & Dealings: Volt Information Sciences Sells ProcureStaff's VMS software, Related Assets to IQNavigator

IQNavigator, a provider of non-employee workforce management solutions to Global 2000 companies, recently announced that it has completed the acquisition of the vendor management solution software and related assets of ProcureStaff Technologies, Ltd., a division of Volt Information Sciences and developer of ProcureStaff's vendor management system (VMS) applications. The details of the transactions are not disclosed.

IQNavigator will combine its IQN's technology with account management and customer services of ProcureStaff to deliver a VMS solution that delivers measurable end user benefits. As a result, the esteemed customers of IQNavigator will be able to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs.

"Our acquisition of ProcureStaff leverages complementary strengths so we can best address our customers' and partners' needs today and in the future," said Joe Juliano, president and CEO of IQNavigator. "Our offerings ensure an unparalleled VMS experience, with the most innovative technology and best customer care available in the industry. The deal also accelerates our goal to significantly grow our company and achieve market leadership through sustained customer satisfaction, superior execution and the industry's largest investment in research and development."

"The ProcureStaff team is excited to be part of a company strongly focused on VMS innovation and customer satisfaction," said Carolyn Nolan, COO of ProcureStaff Technologies, who will join IQNavigator. "When the time comes for our customers and partners to take advantage of the world-class IQNavigator functionality such as advanced Statement of Work, global invoicing, RateIQ, mobility applications, reporting and analytics that they've been demanding, we will be here to lead them through a seamless migration methodology that best fits their requirements, resources and timelines."  

For more than a decade, IQNavigator has provided technology solutions for managing companies' procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers. The company recently launched RateIQ, a new online, on-demand tool from IQNavigator provides searchable benchmarking data for contingent labor bill rates by metro region in the United States matched directly to skills and experience.

Edited by Cassandra Tucker

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