Acquisition solidifies Avionté’s leadership in the rapidly consolidating staffing software industry
Avionté is pleased to announce its acquisition of AkkenCloud, a staffing software company, fortifying Avionté’s position as a leader in end-to-end enterprise staffing platforms. AkkenCloud clients will benefit from Avionté’s full suite of staffing platform technologies, which includes a complete front and back office, a robust mobile talent application, and a powerful VMS, all supported by Avionté’s dedicated customer service team.
“We are thrilled to welcome AkkenCloud customers and employees to the Avionté community, which will expand our dedicated team of associates and the more than 1,000 staffing agencies leveraging Avionté’s enterprise staffing platform,” said Rishabh Mehrotra, CEO of Avionté. “By partnering with Avionté, the team at AkkenCloud is ensuring its customers will stay ahead with our end-to-end staffing platform, which delivers all the resources, stability, and security required for long-term growth.”
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The acquisition underscores growing industry consolidation as smaller staffing software providers find it increasingly difficult to invest in the technology, security, and support required to remain competitive. Rapidly evolving employer buying patterns and talent work preferences are pressuring staffing agencies to offer complete workforce solutions that meet client expectations for speed, compliance, and flexibility. As such, successful staffing firms require software partners that have the scale and expertise to keep pace with the latest trends in AI, security, platform automation, and mobile capabilities.
“As I considered the best partner for AkkenCloud, Avionté was the right choice for customers and employees alike,” said Giridhar Akkineni, founder and CEO of AkkenCloud. “Given the investment required to succeed in staffing software today, we saw that AkkenCloud could no longer compete as an independent company. With Avionté, AkkenCloud customers will have access to the most innovative solutions on the market and the resources to help them grow, scale, and succeed now and in the future. I am excited to introduce our customers and employees to the Avionté community.”
Avionté is committed to ensuring the success of all AkkenCloud clients and will work closely with each of them to determine the most suitable timeline for transitioning to Avionté’s enterprise staffing platform. Akkineni will take an active role to ensure the successful transition of AkkenCloud customers to the Avionté platform. AkkenCloud employees will be recognized as part of Avionté effective immediately. Terms of the deal are not disclosed.
Added Mehrotra, “Avionté is committed to helping staffing agencies navigate the evolving staffing software market via the most innovative and robust solutions available. Our acquisition of AkkenCloud is a testament to that commitment. We anticipate more market consolidation as smaller staffing software companies struggle to compete in this new reality.”
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