PeopleSERVE Inc.

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PeopleSERVE Inc. - overview

Established

1999

Location

Newton, MA, US

Primary Industry

Outsourcing

About

PeopleSERVE Inc. is a specialized recruitment firm focused on technology staffing solutions, primarily serving clients in the Boston area and along the East Coast. Founded in 1999 and headquartered in Newton, US, PeopleSERVE Inc. specializes in technology recruitment services.


The company has maintained operations without any major pivots in strategy. It has secured a total of 1 deal, with the most recent deal occurring on August 30, 2018. PeopleSERVE, Inc. specializes in technology recruitment services, primarily targeting the Boston market while also maintaining satellite operations along the East Coast.


The company provides a range of offerings, including contract staffing, direct hire placements, and managed services, focusing on sectors such as application development, data and business intelligence, technology implementation, security, and project management. Their services connect high-performing tech talent with organizations facing urgent business challenges. The firm's client base includes Fortune 100 companies across various industries such as financial services and gaming, alongside global digital marketing firms and educational institutions. PeopleSERVE has upheld long-standing client relationships since its inception in 1999, with its first client still actively collaborating with the firm.


PeopleSERVE generates revenue through a structured transaction model that includes direct placements, contract staffing agreements, and managed service solutions. The company engages in B2B transactions, primarily serving corporate clients who require staffing solutions for technology roles. Revenue is derived from service fees associated with these staffing solutions, typically negotiated as a percentage of the employee’s salary for direct hires or as a flat fee for contract placements. Their range of specialized technical recruitment services positions PeopleSERVE to cater to a diverse clientele within the technology sector.


While specific details on upcoming products or services have not been disclosed, PeopleSERVE continues to explore opportunities for growth in the technology recruitment sector. The firm aims to expand its operations beyond its current footprint, particularly focusing on additional markets along the East Coast and beyond. Support from the most recent deal on August 30, 2018, will be utilized to bolster these expansion initiatives.


Primary Industry

Outsourcing

Sub Industries

Consulting Services, Recruitment/Executive Search, Human Resources Services

Website

www.peopleserveinc.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

PeopleSERVE Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Private DebtCompletedPeopleSERVE Inc.-

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