Press release
Kelly® Strengthens RPO Practice with the Acquisition of RocketPower
- Strategic redeployment of capital from APAC transactions accelerates Kelly's specialty strategy - Expands KellyOCG's RPO delivery offering - Creates growth
About this update from Kelly Services, Inc.
[{"type":"text","content":"- Strategic redeployment of capital from APAC transactions accelerates Kelly's specialty strategy\n - Expands KellyOCG's RPO delivery offering\n - Creates growth opportunities in the high-tech industry\n\n\nTROY, Mich., March 9, 2022 /PRNewswire/ -- Kelly® (Nasdaq: KELYA) (Nasdaq: KELYB) today announced that it has acquired RocketPower, a leading provider of Recruitment Process Outsourcing (RPO) and other outsourced talent solutions. RocketPower's customers include rapidly scaling U.S. tech companies known for disrupting industries and changing the world. Headquartered in Silicon Valley, Calif., RocketPower will continue to operate under its own brand with its current leadership team and staff as part of KellyOCG, the outsourcing and consulting business of Kelly. Terms of the acquisition were not disclosed.\n\n \n \n \n \n \n \n\n \nWith 2021 revenue of $28 million, RocketPower has achieved impressive year-over-year growth despite the pandemic and anticipates triple-digit growth in 2022 and beyond. Its growth reflects the increased demand for leading RPO providers to help organizations augment and rebuild their talent acquisition capabilities and full-time workforce as they navigate the rapidly changing talent acquisition landscape.\n\"We are excited to welcome RocketPower to Kelly; it's a compelling proof point of the strategy behind the APAC transactions we announced last month to unlock capital and redeploy it to add high-margin, high-growth assets to our core businesses. With our acquisition of RocketPower, we've done just that by adding a business to KellyOCG whose strategy and emphasis on RPO and high-tech talent aligns with our growth priorities,\" said Peter Quigley, president and chief executive officer of Kelly. \nOrganizations are increasingly realizing the value of expert RPO providers to support their talent acquisition needs. RPO is one of the fastest-growing outsourcing markets in the world experiencing double-digit growth in the past few years. Projections for the 2022 global RPO market are expected to exceed $5 billion surpassing pre-pandemic levels. \n\"The pandemic coupled with fluctuating talent acquisition trends are driving tremendous growth in the RPO market now more than ever,\" said Tammy Browning, president of KellyOCG. \"This acquisition significantly expands KellyOCG's RPO solution and delivery offeri...