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Home > Matrix raises the workforce compliance bar with Security Watchdog acquisition
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The purchase of Security Watchdog from Capita fuels Matrix’s growth ambitions and broadens its services portfolio in the workforce solutions marketplace.
Market-leading workforce technology and services platform Matrix is furthering its growth strategy with the acquisition of employment screening business, Security Watchdog, from business process services group Capita.
Security Watchdog is the UK industry leader of digitalised, smart pre-and post-employment screening solutions, the largest EMEA supplier of background checks and a trusted partner to clients across the globe.
Matrix helps employers across public and private sectors to attract, recruit and manage their contingent workforce by enabling multiple channels of hiring, and providing access to a nationwide pool of pre-vetted recruitment suppliers. Trust and compliance lie at the core of its services and values, and this makes Security Watchdog a strong fit for Matrix, expanding the portfolio of services it offers through its neutral vendor platform to employers, suppliers and workers.
“This first acquisition for Matrix represents a critical enabler to our accelerated growth trajectory,” said the company’s CEO Mark Inskip. “It marks a critical next step in delivering our shared vision with Bridgepoint of creating the talent solutions ecosystem of the future, enabling our customers to thrive in the rapidly evolving world of work, and delivering on our purpose of connecting people to work. Through this strategic investment, we will be providing our customers with an expanded range of background checking services, giving them even greater levels of confidence over the compliance status of the talent they employ or engage.
“The compliance expertise Security Watchdog brings will also help accelerate the recruitment and onboarding process,” added Inskip, “which our clients will be able to do with greater confidence for the benefit of their employees and customers. And I’m particularly delighted that today, on International Women’s Day, we get to welcome an inspirational and successful business leader, Susie Thomson, into our leadership team.”
The Managing Director of Security Watchdog and member of the Board of industry body the Professional Background Screening Association (PBSA), Susie Thomson, said: “I am thrilled to be joining forces with Matrix and excited by the opportunities and potential that will be created for our customers and employees through the unique combination of our platforms and service offerings.”
Commenting on the purchase, Jon Lewis, Capita’s Chief Executive Officer, said: “We are pleased to have agreed the sale of our Security Watchdog business to Matrix following a competitive sale process. This was one of a number of Capita businesses which were successful but did not form part of our core growth strategy, and which will benefit from opportunities under new owners”.
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