Deal Sees Two Firms Join Forces Amid Increasing Shift To Digitisation
The Irwin Mitchell corporate team has advised on the sale of business intelligence platform, cube19, to Bullhorn, a global leader in cloud computing for staffing agencies.
Led by partner Bryan Bletso and senior associate Ben Gale, both from the Irwin Mitchell London office, the deal is the latest major investment by Bullhorn, aimed at helping staffing agencies across the world transform their businesses.
cube19 was established by Dan McGuire in 2010 and Irwin Mitchell have acted for Dan and cube19 since its incorporation and have assisted the business through the years culminating in this transaction.
Expert Opinion“It has been a pleasure to support cube19 from inception and to see it go from strength to strength, delivering impressive growth over the last few years. We are delighted to have had the opportunity to sit alongside Dan and cube19 throughout its journey and to advise on the transaction; this time on a deal that will see both businesses join forces and undoubtedly prosper in the years ahead.” Bryan Bletso - Partner
A long standing partner in the Bullhorn Marketplace, cube19’s analytics suites enable the firm to deliver real-time, actionable insights to business executives and operational leaders, helping them achieve highly scalable growth by optimising their two most important assets – their people and their data.
With software suites custom designed for agencies using the Bullhorn platform, the sale allows the two businesses to join forces at a critical moment for the industry as a whole, as more businesses see an increasing shift toward digitisation.
Thanks to its usable and accessible interface, cube19 delivers the metrics that allow for powerful reporting, even for non-technical users. The result is overall better performance, by giving business leaders the insights necessary to make better decisions in real time.
As the global leader in software for the staffing industry, Bullhorn’s cloud-based platform is already used by over 10,000 companies to power their staffing processes and with offices around the world, this acquisition will drive the firm’s ambitious future growth plans.
As part of the deal, cube19’s executive team, including Dan McGuire, Joe McGuire, and Nick Graves-Morris, will now take up key positions in the Bullhorn leadership team, helping to drive the company’s growth and investment across its global customer base.
Expert Opinion“We are thrilled to have assisted Dan and the team with this key strategic sale to Bullhorn. The two businesses already have a close working relationship, and by joining forces in this way, each stands to benefit, while cementing their position as global leaders in staffing and recruiting business intelligence and cloud computing."
“Recent world events have only accelerated the move towards greater digitisation and this move gives both businesses the platform necessary to take advantage of the opportunities and increasing demands for their services that lie ahead.” Ben Gale - Senior Associate Solicitor
Dan McGuire, founder and CEO of cube19, said: “Irwin Mitchell have been a tremendous advisor throughout this process. I have a long-standing relationship with Bryan Bletso and the firm after they advised me on my previous exit in 2008 and they have been there since the inception of cube19. That close partnership allowed us to run an expedited deal process because Irwin Mitchell knew our business inside and out, creating a smooth transaction for all parties.”
Bryan Bletso (Partner), Ben Gale (Senior associate) and Ben Jones (Solicitor)from Irwin Mitchell advised cube19 on the deal and Bullhorn were advised by Morgan Lewis and District Capital Partners.