PHOENIX, April 30, 2019 /PRNewswire-PRWeb/ -- Openforce®, provider of the most widely adopted platform for onboarding, contractor and vendor settlement, compliance management and risk mitigation solutions for independent contractor workforces, today announced the acquisition of Flexible Workforce, LLC, a leading contractor and vendor management platform for the courier, last mile, and logistics segments. Openforce is a portfolio company of Riverside Partners, a Boston-based private equity firm. No financial terms were disclosed.
"We are very excited to combine "forces" and provide even greater value to our clients, independent contractors and contract vendors" Ryan Kelly, CEO of Openforce, said. "The combination of Openforce and Flexible Workforce broadens our footprint in the marketplace, adds an additional software platform to our product offering and brings to Openforce a very talented and experienced team from Flexible."
Flexible Workforce offers an automated software platform that provides solutions to manage the logistics industry's flexible driver workforce.
Rob Slack and Kirk Godby, founders of Flexible Workforce, have joined the Openforce team as Co-Presidents of the Flexible Workforce division. "I am really excited for this opportunity and look forward to taking the Flexible platform to new heights with the power of the Openforce team behind us" Rob said. Kirk added that "for us to see where this industry has come from and to now be a part of shaping where it's going as part of the Openforce team is truly exciting." Slack and Godby are both past presidents of the Customized and Logistics Delivery Association (CLDA). "Rob and Kirk add significant transportation and risk mitigation experience to the Openforce team, and we look forward to adding their perspective to our client toolbox" Ryan Kelly added.
With the Flexible Workforce acquisition, Openforce is able to offer clients an even larger set of solutions, insurance resources, and technologies to recruit, onboard, and retain independent contractors. The Flexible Workforce platform will continue to be offered under the Openforce banner helping clients mitigate risks in the ever-changing independent contractor environment and providing contractors and vendors with efficiency and business improvement tools.
Openforce's robust technology team will fully leverage both platforms and bring the best of both worlds to the market. "We are thrilled to now offer an even larger suite of technology options to our customers today," Ryan Kelly said, "and over the next several months our clients will benefit from additional features and functionality we will be rolling out on the platform."
About Openforce
Openforce® is the leader in technology-driven services that reduce operating costs and mitigate compliance risk for companies using independent contractors. Openforce frees contracting companies from the burden of onboarding, contracting, and settlement processing while helping contractors build their business. Our cloud-based applications help businesses achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done. Openforce is a portfolio company of Boston-based private equity firm Riverside Partners. Learn more at http://www.oforce.com.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. For more information, please visit http://www.riversidepartners.com.
SOURCE Openforce
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