Americans acquire UK agency

UK-based IT recruitment company, Technology Two Thousand, has been taken over by Cadence Communications, an American consultancy...

UK-based IT recruitment company, Technology Two Thousand, has been taken over by Cadence Communications, an American consultancy that specialises in communications, IT and banking.

The acquisition, which was announced last month, is intended to provide Cadence with an entry into the European IT marketplace, where it hopes to capitalise on the "booming demand" for well-qualified personnel.

Joe Newman, president of Cadence explains: "The IT marketplace is suffering from an acute skills shortage. Companies which want to keep up with IT advances in technology and maintain their commercial efficiency need highly skilled and experienced IT personnel. Technology Two Thousand has the track record to meet that demand, and we look forward to working with them to expand our market share."

Under the deal, Technology Two Thousand's founder, John Harris (pictured) becomes its chief executive, and will be responsible for leading the agency's programme of acquisition and expansion into Europe. All other staff remain.

Technology Two Thousand currently provides contractor services, outsourcing and executive search to the UK IT sector. Clients include Siemens International, Woolworths, BUPA, EDS, Honeyewell Bull and ICL.

This was last published in March 2001

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