MSP TODAY NEWS

Wheelings & Dealings: IQNavigator and MSX International Merge MSP Operations to Form Geometric Results

By Laura Stotler

Two more major players in the MSP world have joined forces to create a new global human capital services company slated to become the world’s largest independent MSP. IQNavigator has completed the sale of its MSP division, specializing in non-employee workforce management solutions for Global 2000 companies, to MSX International (MSXI).

MSXI specializes in business process outsourcing, training and human capital management. The company plans to combine its MSP business with IQNavigator’s MSP operations to form a giant new company called Geometric Results.

IQNavigator’s MSP division was sold for undisclosed terms, but the business enables MSXI to greater serve its customers while capitalizing on the talent and experience of both companies. Meanwhile, IQNavigator will now focus exclusively on delivering technology solutions to help enterprises manage their non-employee workforces. The sale frees up the company to become a stronger and larger independent VMS provider.

“The sale of the MSP division will allow us to be laser focused on building and delivering a technology solution that includes the right functionality and new levels of innovation that will help global companies make better labor decisions," said Joe Juliano, president and CEO, IQNavigator

According to Fred Minturn, CEO of MSXI, the new independent Geometric Results will be focused solely on MSP services and therefore better able to deliver new levels of innovation in solving workforce management challenges.

The two companies also plan to continue to work together outside of the new venture. IQNavigator and MSXI have pledged to provide trusted resources and differentiated customer-focused options to enterprise companies in need of an end-to-end solution for contingent labor and services procurement. Combined offerings will play on both companies’ core strengths and offer additional opportunities for an expanded partnership.         




Edited by Maurice Nagle

MSPToday Contributing Editor

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