Staffing 360 Solutions Expands Its Use of Artificial Intelligence
Staffing 360 Solutions, Inc. (STAF) has announced the expansion of its Artificial Intelligence capabilities with the integration of ActivateStaff. This partnership aims to enhance staffing solutions across the U.S., stemming from Headway Workforce Solutions' technological advancements since its acquisition in May 2022. CEO Brendan Flood noted the industry's evolution post-pandemic, emphasizing the importance of technology in candidate interactions. Additionally, Rohan Jacob of ActivateStaff highlighted the collaboration's recognition of shifting market dynamics. This strategic move is part of Staffing 360's ongoing commitment to executing a buy-integrate-build strategy in the staffing industry.
- Expansion of AI capabilities with ActivateStaff enhances service offerings.
- Integration of Headway Workforce Solutions nearly complete, likely improving operational efficiency.
- Acknowledgment of changing market dynamics shows adaptability to industry trends.
- None.
NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (Nasdaq: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, announced today the extension of its Artificial Intelligence capability with ActivateStaff.
Headway Workforce Solutions leads the human capital industry in its use of technology-based solutions in meeting candidate expectations across all fifty states from a single location in Raleigh, North Carolina. Headway joined the Staffing 360 Solutions group in May 2022 and the integration is almost complete. With ActivateStaff the group is now poised to replicate these developments across all of its US-based brands.
Brendan Flood, CEO and President of Staffing 360 Solutions, said, “The staffing industry has seen huge changes during the pandemic, especially in communication with candidates and in meeting the new demands that candidates have in how they interact with agencies and clients. Headway has been ahead of this curve for several years and has allowed us the opportunity to compete in markets centred around flexibility and transparency through the use of artificial intelligence.”
Rohan Jacob, Founder and CEO of ActivateStaff, said, “ActivateStaff was formed in 2016 to transform the way people find work using technology. This collaboration with Staffing 360 Solutions is a recognition that the market is changing and that progressive agencies are implementing these changes.”
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. is engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. The Company believes that the staffing industry offers opportunities for accretive acquisitions and as part of its targeted consolidation model, is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT, and light industrial staffing space. For more information, visit http://www.staffing360solutions.com. Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.
About ActivateStaff
ActivateStaff was founded in 2016 following mass layoffs in the Canadian retail market. It collaborates with staffing agencies in the US and Canada to secure employment for thousands of people. ActivateStaff has created a mobile-first staffing platform to serve the staffing industry. ActivateStaff is about bringing freedom and flexibility to the world of work and empowering people to build better businesses and lifestyles.
Forward-Looking Statements
This press release contains forward-looking statements, which may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, our ability to retain our listing on the Nasdaq Capital Market; market and other conditions; the geographic, social and economic impact of COVID-19 on the Company’s ability to conduct its business and raise capital in the future when needed; weakness in general economic conditions and levels of capital spending by customers in the industries the Company serves; weakness or volatility in the financial and capital markets, which may result in the postponement or cancellation of customer capital projects or the inability of the Company’s customers to pay the Company’s fees; the termination of a major customer contract or project; delays or reductions in U.S. government spending; credit risks associated with the Company’s customers; competitive market pressures; the availability and cost of qualified labor; the Company’s level of success in attracting, training and retaining qualified management personnel and other staff employees; changes in tax laws and other government regulations, including the impact of health care reform laws and regulations; the possibility of incurring liability for the Company’s business activities, including, but not limited to, the activities of the Company’s temporary employees; the Company’s performance on customer contracts; negative outcome of pending and future claims and litigation; government policies, legislation or judicial decisions adverse to the Company’s businesses; the Company’s ability to access the capital markets by pursuing additional debt and equity financing to fund its business plan and expenses on terms acceptable to the Company or at all; and the Company’s ability to comply with its contractual covenants, including in respect of its debt agreements, as well as various additional risks, many of which are now unknown and generally out of the Company’s control, and which are detailed from time to time in reports filed by the Company with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.
Investor Relations Contact:
Matt Blazei
CoreIR
(516) 386-0430
mattb@coreir.com
FAQ
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