The Business Magazine - B2B Business News - Site Logo

Warning: Undefined array key "tbm_visit_edition_me" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 27
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Blandy & Blandy advises on sale of Hireserve to XCD

Blandy & Blandy advises on sale of Hireserve to XCD

Thames Valley law firm Blandy & Blandy's corporate and commercial team has advised on the sale of Basingstoke-based recruitment software company Hireserve to XCD, the cloud-based HR and Payroll software provider.

Founded in 2010 and headquartered in Bristol, XCD has grown to have over 30,000 users across 35 countries of its Salesforce powered services. The strategic acquisition of Hireserve, made possible by a further £3 million injection from investors BGF, is part of the company’s goal to expand its capacity and offering for both new and existing customers. 

Jeremy Ovenden, joint-MD of Hireserve, said: "We are thrilled to be joining with XCD. The vision and leadership that XCD brings to Hireserve will unlock even greater opportunities for both our people and our clients. We are incredibly proud of what our dedicated team have built over the last two decades, and are now delighted to have found an organisation which shares our values and belief in Hireserve. We look forward to seeing the next stage of Hireserve’s journey as part of the XCD portfolio."

David Few (pictured), a partner in Blandy & Blandy’s corporate and commercial team, advised on the deal, supported by Emma Ford.

He said: "It was a pleasure to work with Jeremy and Karen on the successful sale of the company, which had been successfully built over many years into a dynamic and successful business. We naturally wish them every good fortune and look forward to working with them again in the future."


Share 

Latest deal ticket

All deals
  • FemtoTools (Switzerland)
    is to be acquired by
    Oxford Instruments (Oxfordshire)
    June 2024
    £21.2m
    Who's behind the deal?
  • Fire and air compliance firm RJ Urmson Group (Lancashire)
    has been acquired by
    HSL Compliance (West Midlands)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • The fixed assets and stock of Russell Ductile Castings Ltd (West Midlands)
    have been bought from administrators by
    Castings PLC (West Midlands)
    June 2024
    £400,000
    Who's behind the deal?

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
cross