You may have seen our recent announcement that VectorVMS has been acquired by PIXID Group with the backing of Keensight Capital. We are excited about this new adventure and to become part of the PIXID Group family. We feel the acquisition will give us a renewed focus in the extended workforce space. With the expertise and backing of PIXID Group, the combined businesses will be the leading global mid-market vendor management software.
This investment by PIXID Group into VectorVMS’s trusted, proven, and reliable technology will continue our momentum in the midmarket and will provide us the backing and support from an organization that is well versed in creating market-leading contingent workforce solutions. The synergies between the organizations are undeniable and we firmly believe that aligning the two organizations will make PIXID VMS And VectorVMS the preferred solutions for the SMB and mid-market space.
Building a Powerhouse in the Contingent Workforce Space
When PIXID Group first approached our parent company, Learning Technologies Group, a few months ago, it was clear from an early point that the acquisition of the VectorVMS business would be mutually beneficial. We are thrilled for the alignment of the two organizations and feel it is a great next step in the VectorVMS journey to continue making an impact in the contingent workforce space.
Over the last few years, we have narrowed our focus to developing technology and solutions that allow organizations a wide variety of self-service configurations in the technology as well as customizable program management options.
Here are just a few of our recent accomplishments to meet market needs:
- Creation of a state-of-the-art Diversity, Equity, and Inclusion (DEI) module to meet the needs of clients of diversity analytics at the candidate level.
- Formalization of our hybrid program management module, Shared Managed Services, to fill the gap created when a client wants to manage their program in-house.
- Increased utilization of the technology by 8% year over year
- Robust compliance management introductions to strengthen compliance in healthcare, banking, and government while also decreasing complexity.
- Introduction of over 20 client-requested enhancements to drive client delight and satisfaction leading to NPS of 8.
The time and commitment VectorVMS has invested in the product and service excellence has positioned us for what is next: driving next-level innovation for mid-market organizations looking to manage and strategically grow their contingent workforce population. We are the only proven technology today that can be deployed to meet the complexities of the midmarket without being overly cumbersome. PIXID Group has seen this strategy in action and is going to be able to help us propel this vision even further.
We are thrilled to connect with an organization that shares our commitment to excellence in managing the contingent workforce for small to mid-sized markets. We are confident that our collaboration will significantly benefit organizations aiming to strategically enhance their program management for their extended workforce. Together, we are poised to develop top-tier vendor management solutions that truly make an impact.
For more information, contact Taylor Ramchandani, VectorVMS’s VP Strategy on taylor.ramchandani@vectorvms.com.
Meet the Expert
Marc Husain – Managing Director
Marc Husain has more than 20 years of experience in vendor management, recruitment management, and talent management systems—with a focus on the nonemployee labor market. He served in a variety of sales, client relations, and leadership roles with VectorVMS predecessor companies, including PeopleFluent, Peopleclick, and itiliti. Marc leads all aspects of the VectorVMS business, ensuring close collaboration with clients and partners. He has established and maintained workforce solutions programs at multiple Global 1000 companies.
