Beeline (software company)

Beeline is a software-as-a-service company dealing with solutions for sourcing and managing the extended workforce.[1] The company ranks among the largest vendor management system (VMS) providers in terms of total temp/contract spend and outsourced spend in Staffing Industry Analysts' 2017 VMS Markets Development Summary report.[2]

For other uses, see Bee line.
Beeline
TypePrivate
IndustryWorkforce management
Founded1999 (1999) in Jacksonville, Florida, US
HeadquartersJacksonville,
Florida
,
United States
Area served
Worldwide
ServicesWorkforce Management Solution Design, Consulting, Account Management, Global Strategy and Governance, Data Analysis
OwnerNew Mountain Capital
Number of employees
450 (2018)

The company was sold in July 2018 to New Mountain Capital.

History

Beeline was founded in 1999 as the workforce solutions business unit of MPS Group, Inc. in Jacksonville, Florida. The company was among the first to offer VMS solutions.[3]

In December 2016, Chicago-based private equity firm GTCR acquired Beeline and merged the company with IQNavigator, previously a competitor in the workforce management solutions marketplace. The merged company operates under the Beeline brand name.[4]

In March 2017, Beeline was named a leader “for contingent workers and for consulting and other services” in The Forrester Wave: Services Procurement, Q1, 2017 report by Forrester Research, Inc., and Gartner, Inc. ranked Beeline first for Statement of Work Procurement in its Critical Capabilities for Services Procurement Solutions report.[5][6][7]

In July 2018, Beeline announced that it had been acquired by New Mountain Capital, a New York City-based private equity firm, for an undisclosed amount.[8][9]

Partnerships

Beeline collaborates with a number of partner organizations including talent providers, enterprise software solution providers, and managed services providers (MSPs). Strategic MSP partners include Allegis Global Solutions, Hayes Talent Solutions, KellyOCG, Pontoon, and most recently Pinnacle Group.[10]

References
  1. "VMS Market Developments Summary". www2.staffingindustry.com. Retrieved 2019-03-17.
  2. "Adecco's Beeline VMS to merge with IQNavigator". www2.staffingindustry.com. Retrieved 2019-03-17.
  3. "Adecco's Beeline VMS division acquires online staffing firm". Staffing Industry Analysts. 11 August 2014. Archived from the original on 30 October 2014. Retrieved 16 January 2015.
  4. "GTCR Acquires Beeline From Adecco, Merges VMS Firm with IQNavigator". Spend Matters. 2016-12-13. Retrieved 2019-03-09.
  5. "The Forrester Wave™: Insights Service Providers, Q1 2017". www.forrester.com. Retrieved 2019-03-09.
  6. "The Forrester Wave™: Services Procurement, Q1 2017". www.forrester.com. Retrieved 2019-03-17.
  7. "Critical Capabilities for Services Procurement Solutions". www.gartner.com. Retrieved 2019-03-17.
  8. "Beeline's Acquisition by New Mountain Capital: Transaction Analysis and Competitive Impacts". Spend Matters. 2018-08-09. Retrieved 2019-03-09.
  9. Reply, Jason Busch: 26 07 2018 at 11:51 am Congrats to the Beeline team-a great bunch of people The road ahead will be fun to watch (2018-07-26). "Beeline Acquired by New Mountain Capital — The Journey Continues". Spend Matters. Retrieved 2019-03-17.
  10. "Beeline Conference 2016 Kicks Off: A VMS Grows Up". Spend Matters. 2016-05-04. Retrieved 2016-05-07.
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