Investor Relations

Peoplebank was established in 1990 offering specialist IT&T contracting and permanent recruitment services. Peoplebank offers clients high quality, innovative and personalised solutions to meet their resourcing needs.

Peoplebank's revenue for FY07 was $139 million (for detailed figures, please see our latest Annual Report), employs 100 staff and has over 1100 billable contractors. It operates from offices in Adelaide, Brisbane, Canberra, Melbourne, Perth and Sydney.

Established by Leon Lau in 1990, Peoplebank specialises in IT&T contracting and recruitment services. During the 1990s Peoplebank grew significantly and established its reputation as a quality supplier of IT&T staffing resources.

Over the recent years, Peoplebank continued to grow whilst at the same time acquiring a number of small IT&T recruitment companies. In May 2004, Peoplebank acquired iGATE Australia Pty Ltd, a subsidiary of iGATE Corporation, a US company listed on the NASDAQ. This acquisition doubled the size of Peoplebank and most importantly gave it a strategic foothold into the Federal Government for the first time. The acquisition was completed near the low point of the IT&T cycle and offered substantial economies of scale. The integration of iGATE Australia into Peoplebank Australia Ltd is complete and significant benefits are now emerging.

On the 15th June, 2005, Peoplebank was listed on the Australian Stock Exchange and trades under the code PBA.