About Adecco
Adecco is a company based in Zurich (Switzerland) founded in 1971. It operates as a Professional Services, and Managed Services. The company has 169,062 employees as of December 31, 2023. Adecco has completed 5 acquisitions, including MPS group, Penna and Qapa. Adecco offers products and services including Temporary Placement, Permanent Placement, Training, Diversity & Inclusion, and Outsourcing. Adecco operates in a competitive market with competitors including Randstad, ADP, Alera Group, UKG and Insperity, among others.
- Headquarter Zurich, Switzerland
- Employees 169062 as on 31 Dec, 2023
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Sectors
Business Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Adecco
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Annual Revenue
$213.19 M (USD)15as on Mar 31, 2024
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Net Profit
$169.13 K (USD)103as on Mar 31, 2024
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EBITDA
$1.56 M (USD)154as on Mar 31, 2024
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Latest Funding Round
$48.35 K (USD), Grant
Oct 01, 2022
- Investors
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Employee Count
169062
as on Dec 31, 2023
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Investments & Acquisitions
MPS group
& 4 more
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Products & Services of Adecco
Adecco offers a comprehensive portfolio of products and services, including Temporary Placement, Permanent Placement, Training, Diversity & Inclusion, and Outsourcing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Temporary staffing solutions are provided for flexible workforce needs.
Permanent staffing solutions are offered for long-term hiring needs.
Training services are delivered for workforce upskilling and reskilling.
Diversity-focused talent solutions are provided for inclusive hiring practices.
Outsourcing services are offered for HR and business processes.
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Software Development Team
186 people
Leadership Team
82 people
Human Resources and Administration
50 people
Sales and Marketing
50 people
Operations Team
32 people
Finance and Accounting
20 people
Senior Team
16 people
Search Team
11 people
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Funding Insights of Adecco
- Total Funding Total Funding
- Total Rounds 7
- Last Round Grant — $48,350
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2022 | Amount | Grant - Adecco | Valuation |
investors |
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| Jan, 2021 | Amount | Grant - Adecco | Valuation |
investors |
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| Dec, 2020 | Amount | Grant - Adecco | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adecco
Adecco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adecco
Adecco has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include MPS group, Penna and Qapa. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Pre-assessed candidates are connected to job opportunities via online marketplace.
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2013 | ||||
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Social Job Matching Marketplace
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2011 | ||||
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HR recruitment services are provided to businesses and organizations.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Adecco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adecco Comparisons
Competitors of Adecco
Adecco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Randstad, ADP, Alera Group, UKG and Insperity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR management, recruitment, and staffing services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adecco
Frequently Asked Questions about Adecco
When was Adecco founded?
Adecco was founded in 1971 and raised its 1st funding round 44 years after it was founded.
Where is Adecco located?
Adecco is headquartered in Zurich, Switzerland.
Who is the current CEO of Adecco?
Denis Machuel is the current CEO of Adecco.
How many employees does Adecco have?
As of Dec 31, 2023, the latest employee count at Adecco is 169,062.
What is the annual revenue of Adecco?
Annual revenue of Adecco is $213.19M as on Mar 31, 2024.
What does Adecco do?
Adecco is established as a prominent provider of recruitment and human resources solutions worldwide. Services are offered across various sectors, including temporary and permanent staffing, training, diversity and inclusion initiatives, and outsourcing. Operations are conducted in multiple regions such as the Americas, Europe, Middle East, Africa, and Asia Pacific. Comprehensive support is provided to job seekers and employers, ensuring career development and workforce optimization. Innovative solutions are tailored to meet the needs of organizations of all sizes across diverse industries.
Who are the top competitors of Adecco?
Adecco's top competitors include Randstad, CIEL HR and Alera Group.
What products or services does Adecco offer?
Adecco offers Temporary Placement, Permanent Placement, Training, Diversity & Inclusion, and Outsourcing.
How many acquisitions has Adecco made?
Who are Adecco's investors?
Adecco has 1 investor. Key investors include European Union.
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