UST Global, an information technology solutions and services firm has declared their acquisition of Renaissance Solutions, a Singapore based recruitment specialist for construction, Oil & Gas and a premier staffing and technology services company. This acquisition will enable the companies to find right talent, lower the cost and optimise the speed of project implementation and completion.
The Global companies believe in human capital to execute mission-critical, large-scale and costly technology projects. A mismatch in talent can restrain the companies from staying competitive and driving growth. Renaissance will help the organisations to respond rapidly to their talent need with a network of over 400,000 skilled workers from across the globe.
Saurabh Ranjan, Managing Director Global Operations at UST Global, said “In the technology industry, the war for talent is escalating and clients rely on us to deploy the right talent at the right time. Singapore is a global business hub and has attracted the best and the brightest in tech from around the world. Renaissance, with its reputation, talent expertise and location not only provides a strategic hub for UST’s further expansion in the Asia and Australia markets but also fuels our global need for top-grade talent and industry specific expertise. We are already poised to deliver significant value with this acquisition.”
“Renaissance Solutions cut its teeth providing talent to the construction, oil and gas industries. Together with UST Global, we expect to take our expertise to other industries and deliver exceptional value to our customers”, said Vivek Ravindran, President of Renaissance Solutions.