Tue, 12 Nov 2024 | BUSINESS SALE
Manchester-based Unseen Group has continued its expansion drive by buying business psychology firm Sten10.
The deal marks the eighth acquisition made by the software company which operates in the graduate careers industry. It has a growth strategy of expanding its portfolio offering of tech and consultancy services to customers and partners in the employability and talent sectors.
Its group includes graduatejobs.com and Gradcore.
Founded in 2012 by Ben Williams, Amersham-based Sten10 has worked with a range of private and public sector employers, including the Cabinet Office, PwC and Telegraph Media Group, designing assessments that measure skills, characteristics and behaviours when recruiting and developing talent.
Unseen Group chief executive Zac Williams said he was excited to bring Sten10 into his business as it will ‘further strengthen our assessment and selection offering’.
He added: “Ben is an incredibly talented business psychologist with an equally impressive team behind him, and together we share a strong track record of supporting employers of all sizes in developing and revolutionising their people and hiring processes. I’m looking forward to facing the opportunities ahead and realising how we can build on our work and grow together.”
Williams, the managing director of Sten10, said: “I am delighted that Sten10 have joined the Unseen Group. For over a decade we have designed best-in-class bespoke psychological assessments for the effective recruitment and development of people at work. The opportunity presented by working alongside and in-step with other Unseen Group technology platforms, such as Evolve Assess and TopScore, is hugely exciting and introduces countless opportunities for us in the assessment and development space.
The deal comes just five months after Unseen Group secured fresh private equity backing, with Maven Capital exiting the business after seven years in June and the group receiving equity investment from Pelican Capital and a multi-million-pound acquisition facility from ThinCats.
Read more about another recent Unseen Group acquisition
This well-established medical specialist practice in the North West offers a robust profit margin of approximately 35% and flexible relocation options, making it an enticing investment opportunity.
This established Greater Manchester firm, with decades of experience, boasts a client base largely comprised of limited companies.
This well-established London practice, with over 35 years of reputable service, offers a strong client base predominantly consisting of limited companies and a skilled team that drives continuous growth.
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