IQN merges with ri­val Bee­line

The Denver Post - - BUSINESS - By Ta­mara Chuang

IQNav­i­ga­tor said Tues­day it has ac­quired a Florida com­peti­tor in a deal that would merge op­er­a­tions and build what it touted as the largest in­de­pen­dent sys­tem to man­age non-em­ployee work­ers.

Fi­nan­cial terms were not shared.

Cen­ten­nial-based IQN said that its par­ent GTCR pur­chased the as­sets of Bee­line from Adecco Group, a firm based in Switzer­land. Bee­line’s U.S. op­er­a­tions are in Jack­sonville, Fla.

Both are in­volved in man­age­ment soft­ware that helps cor­po­ra­tions man­age non-em­ploy­ees, such as in­de­pen­dent con­trac­tors, free­lancers and con­sul­tants. IQN, which es­ti­mated that this ex­tended work­force can be 25 to 35 per­cent of the av­er­age com­pany, re­cently part­nered with The Data In­cu­ba­tor so clients can get ac­cess to an ex­clu­sive tal­ent pool of Ph.D. data sci­en­tists.

“Yes, the com­pa­nies are di­rect com­peti­tors, which is a big part of the sig­nif­i­cance of this an­nounce­ment,” said Brian Hoffmeyer, IQN’s vice pres­i­dent. “By merg­ing, they form the largest in­de­pen­dent (Ven­dor Man­age­ment Sys­tem) provider in the world. VMS soft­ware is crit­i­cal soft­ware that com­pa­nies use to man­age all the non-em­ployee work­ers and ser­vices they uti­lize as an ex­ten­sion of their em­ployee work­force.”

IQN, which has the ma­jor­ity of its 205 em­ploy­ees in the Den­ver area, said the merger will help it im­prove cus­tomer ser­vice and fo­cus on re­search and de­vel­op­ment. Bee­line em­ploys 415 peo­ple.

“No of­fice con­sol­i­da­tion is be­ing planned. In­stead, the com­bined com­pany will have dual head­quar­ters with ma­jor op­er­a­tions in both lo­ca­tions,” Hoffmeyer said.

Doug Leeby, Bee­line’s pres­i­dent, will be­come the new leader of the com­pany, which will also get a new name “in the com­ing months,” ac­cord­ing to IQN. Joe Ju­liano, IQN’s pres­i­dent and CEO, will tran­si­tion to a board po­si­tion. IQN also pro­vided a fre­quently asked ques­tions page to let cus­tomers know that there will be no dis­rup­tion of ser­vice.

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