Peoplebank Acquires Leaders IT

Growing east coast technology recruiter Peoplebank has strengthened its Brisbane presence with the acquisition of Leaders IT.

Peoplebank’s Brisbane office has performed well for the group over the past couple of years and the acquisition of Leaders IT will push it into the top three IT recruiters in the Brisbane market, according to Peoplebank managing director Leon Lau.
‘We have been looking for such an opportunity for a while in the Brisbane market, as we see this as a key area in which we can grow’, said Lau.

Leaders IT had five consultants and is a supplier to a range of state and federal government departments as well as to Brisbane-based IT employers.

Former Leaders IT md and proprietor Claire Lingard will work in a consulting role with Peoplebank during the transition period.

Peoplebank has taken over Leaders IT’s contractor and client base and will integrate the operation into its existing Brisbane office along with some of the Leaders IT staff.

The acquisition is expected to lift Peoplebank’s total revenue to around $45 million. The company has offices in Melbourne, Sydney and Brisbane.

Peoplebank acquired the old DMA contractor base when DMA went into liquidation in 2001.