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Bond Snaps Up Six-Year-Old Gowi in $17.5 Million Deal

The two companies aim to provide integrated software for HR, payroll.

January 15, 2007
Related Topics: Mergers and Acquisitions
Bond Adds Recruiter: Bond International Software, makers of a recruitment software product named Adapt, is acquiring Gowi Group of London for $17.5 million. Bond will pay $10 million in cash and issue $7.1 million worth of stock for the remainder. Six-year-old Gowi posts annual revenue of $11.2 million and employs about 140 people. Billing it as the largest transaction in its history, Bond said Gowi’s top management will stay on to help integrate the two companies’ offerings for recruitment, HR and payroll systems. Gowi, which originally launched in 2001, has made several acquisitions of its own. Most recently, Gowi acquired Rutherford Webb, an HR and payroll services company in Surrey, England, for $6.75 million last April.
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