UST Global, an information technology solutions and services company for Global 1000 enterprises, announced today their acquisition of Renaissance Solutions Pte. Limited, a Singapore-based recruitment specialist for Construction, Oil & Gas and a premier staffing and technology services companies. Renaissance services over 100 multinational companies in private and public sectors, including 15 Fortune 500 customers.
Global companies rely on human capital to execute mission-critical, large-scale and costly technology projects. Mismatch in talent can impede companies from staying competitive and driving growth. Renaissance helps organizations respond rapidly to their talent need with an unparalleled network of over 400,000 skilled workers from across the globe.
The acquisition of Renaissance by UST Global will enable companies to find the right talent, lower costs and optimize the speed of project implementation and completion.
"In the technology industry, the war for talent is escalating and clients rely on us to deploy the right talent at the right time," said Saurabh Ranjan, Managing Director Global Operations at UST Global "Singapore is a global business hub and has attracted the best and the brightest in tech from around the world.
Renaissance, with its reputation, talent expertise and location not only provides a strategic hub for UST's further expansion in the Asia and Australia markets but also fuels our global need for top-grade talent and industry specific expertise. We are already poised to deliver significant value with this acquisition."
"Renaissance Solutions cut its teeth providing talent to the construction, oil and gas industries," said, Vivek Ravindran, President of Renaissance Solutions. "Together with UST Global, we expect to take our expertise to other industries and deliver exceptional value to our customers."
With inputs from Business Wire