Wednesday, April 07, 2021

Kelly Services Inc. (KELYA)
Expands IT Staffing Capabilities with Acquisition of Softworld

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Softworld Acquisition. In its largest acquisition to date, Kelly is paying $215 million for Softworld, a leading technology staffing and workforce solutions firm serving clients across multiple end markets, including financial services, life sciences, aerospace, defense, insurance, retail, and IT consulting. The acquisition is in-line with Kelly’s goal of expanding offerings in faster growing, higher margin specialties.


Fast Growing, Award Winning Firm.  Softworld was named to Staffing Industry Analysts’ 2020 List of Largest US Staffing Firms. This marks the first time the firm made this list, and makes Softworld one of only seventeen companies that were named one of the Fastest Growing, as well as one of the Largest Staffing Firms in the US. Softworld also has received three consecutive ClearlyRated Best of …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.