Leading business management software provider The Access Group, has entered into a binding agreement to acquire FastTrack, a cloud-based recruitment platform built to help staffing organisations streamline and grow. The acquisition is currently going through all necessary regulatory approvals and the process is expected to be successfully concluded week commencing 7th March 2022.
Access Recruitment, a division of the Access Group, supports agencies from start-up to scale-up, through to large enterprise players with technology that spans the entire front to back-office ecosystem.
FastTrack is a leading provider of end-to-end recruitment solutions in Australia and New Zealand and will bring its 60 members of staff to Access. Working in harmony with the Access 1,000 strong APAC team and its wider global employee base, FastTrack will support Access Recruitment’s delivery of solutions that underpin success for customers. The addition of FastTrack’s powerful integrated software for timesheets, payroll and billing will support Access Recruitment’s extensive suite of industry-leading software and will significantly expand its international reach.
Paul Vogel, managing director of Access Recruitment commented: “FastTrack’s robust recruitment technology has been an invaluable source of support for many recruitment agencies seeking growth. We are excited at the prospect of having FastTrack join Access Recruitment and we look forward to working together towards our goal of giving our customers the freedom to do more and accelerating our vision to become the #1 global provider of recruitment technology. The FastTrack team’s expertise is unmatched in the APAC market and will certainly be a great fit alongside the Access Recruitment team.”
David Page, CEO of FastTrack said: “At FastTrack we have spent over 25 years imagining ways to make recruitment businesses stronger with software that drives better business performance. Being acquired by Access is the natural next step to extending our global capabilities, as increased investment will provide a boost to our innovation. Access has a deep specialism within the recruitment industry and offers the widest portfolio of recruitment technology solutions of any industry provider, in which FastTrack will find a solid grounding for further growth”.
The planned acquisition of FastTrack would be the second in 2022 for Access Recruitment following the acquisition of recruitment operating system Vincere in January.
FastTrack was acquired from Harbert Australia Private Equity and existing management. FastTrack was advised by K&L Gates and Gadens and Access Group was advised by Corrs Chambers Westgarth.
