WORKMATE, a Singapore-based on-demand staffing platform, on Tuesday (Oct 11) announced that it has been acquired by a unit of Japanese human resources company Persol Holdings for an undisclosed eight-figure sum.
Founded in 2016, Workmate focuses on helping companies build up a blue-collar workforce, with technology that provides access to a pre-vetted pool of workers for short and long-term contract work. Operating in Thailand and Indonesia, the company said that it has placed over 120,000 frontline workers in roles and served over 800 companies.
The startup has been bought by Persol Asia-Pacific, whose parent company Persol is also invested in Singapore-based recruitment startup Glints, mental health startup Intellect and Indian blue-collar recruitment platform WorkIndia. Post-acquisition, Workmate will still operate independently from Persol.
Combining Workmate's technology with Persol's expertise puts the startup in an "elevated position", said its chief executive Mathew Ward. The startup will be launching operations in Singapore this month.
Takayuki Yamazaki, chief executive of Persol Asia-Pacific, added: "We have been impressed by the value that Workmate's all-in-one on-demand staffing platform delivers to candidates, workers, and employers."