WorkGenius Group, a freelance technology company, acquires US based Agency WorX, a staffing company 

New York, NY - The WorkGenius Group is pleased to announce the acquisition of Agency WorX, a staffing firm based in New York.

"We founded WorkGenius to transform the $600bn freelance industry by making it more equitable and accessible through our technology," says Marlon Rosenzweig, CEO of WorkGenius Group. "We have seen great success after joining forces with JBC in June 2022, with major benefits to our clients, our freelancers, and our team. The acquisition of Agency WorX allows us to double down on our vision to become the Global Human Capital Powerhouse of the Future."

Agency WorX adds mid 8 figures of revenue, a great team and a client and freelancer list to the WorkGenius Group. The company, founded by Alicia Fazio and Amanda Levit, operates primarily in the US and will continue to support a robust offering of freelance and permanent search work within the WorkGenius Group.

“We are beyond excited to join the WorkGenius Group, to empower freelancers, clients and our team with the latest technology. A technology and thesis that has proven itself already and is on an impressive growth trajectory”, says Alicia Fazio, co-founder and CEO of Agency WorX.

“Labour shortages, particularly in the data, tech and marketing field, will persist and we intend to capitalize on those with our unique technology offering” says Marlon Rosenzweig.

WorkGenius was founded in Hamburg, Germany by Marlon Rosenzweig and Daniel Barke. The success of the end-to-end freelance management platform led to its expansion to the US, where it is now headquartered in New York City. With the acquisition of JBC in 2022 Bryan Zaslow and Keith Geller have joined the management team. The joined company has seen tremendous growth due to the digitization of the human capital space, a shift to freelance from traditional employment, and strong growth in the served end markets.

"We have seen great success integrating WorkGenius and JBC. We have also learned that we have created a unique offering providing unprecedented access to the best talent through our AI-powered WorkGenius platform, hybrid, or direct with our trusted recruiter and consultant network." Bryan Zaslow, President of the WorkGenius Group and Founder of JBC.

With the addition of Agency WorX and the acquisition of JBC in 2022, the WorkGenius Group is positioning itself to become a global player in the human capital industry.

• Deal between WorkGenius and JBC creates global, high-skill freelance staffing network using the power of A.I. to better match candidates with jobs and reduce bias in the hiring process
• Carlos Medeiros, former partner at Softbank – the largest global technology investor - joins board of directors
• WorkGenius considers the acquisition as a blueprint for further growth

New York, NY, 13th October 2022 – WorkGenius, a global, end-to-end freelance technology company that uses artificial intelligence to help match highly skilled talent, has acquired US-based JBC, a NY-based staffing company, in a landmark deal that will aim to transform the freelance talent industry. Investments were provided by Carlos Medeiros, former partner at Softbank, and Chad Leat, former Vice Chair of CitiGroup, who join existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provided the debt facility and also invested in the equity. This acquisition, which closed June 7, 2022, reconfigures the combined company into WorkGenius Holdings. The Hamburg, Germany, originating company had previously received $23 million in a post-Series A fundraising round.

“The recruiting market is the next industry that needs disruption,” says Carlos Medeiros, former partner at Softbank - the largest global technology investor - who joins the board of directors.

“There is an imminent lack of digitalization among established players, and in WorkGenius I see a company that understands how technology can be used to make hiring and managing talent so much easier. Having looked at the technology in combination with the newly acquired network from JBC, I see a dominant player with significant market share.”

Leveraging its proprietary algorithm, WorkGenius Holdings’ talent pool will be better matched using a variety of factors that will reduce unconscious bias, including most notably gender/sex.

WorkGenius is also considering the acquisition as a blueprint for further growth. The overall concept of improving already existing structures by providing WorkGenius’ cutting edge technological approach may well be employed for further strategic developments. “We’re not trying to push anyone out or be a fierce competitor. Our goal is to incorporate the invaluable expertise of experienced staffers and offer them specialized tools to increase their efficiency. Let our A.I. do all the hard work of going through endless files, and instead use your time connecting the right people with their ideal job. There were many valuable lessons to be learned throughout the acquisition process. These experiences will aid similar undertakings in the future. We’ve proven that we are able to expand successfully, and now we’re keeping a close eye on the market in case any comparable opportunities arise,” Marlon Rosenzweig adds.

Contact: media@workgenius.com