Quintet, a Sydney based investment management firm have made a significant acquisition of shares in Talent. Following the deal, Richard Earl will continue with Talent in his role as executive chairman and remain the largest shareholder in the company. Quintet represents a number of family office investors including Thérèse Rein, who will also be involved in an advisory capacity to Talent.
Talent has been acknowledged by LinkedIn, CEO Magazine, HRD and Seek for industry leadership, innovation, culture and engagement. In 2018, Talent was ranked in the top 100 private companies in Australia.
Over the past 23 years Talent has expanded its business from a single office located in Perth into a global business serving 1,100 customers worldwide in Australia, United Kingdom, New Zealand, Asia, North America, Germany and Holland. Talent has delivered an impressive 20 per cent per annum revenue growth for the past decade and continues to benefit from the rapidly growing $3 trillion global IT industry driven by the rise of the digital economy as well as an increasing appetite for a more flexible, contract style of working including project-based roles. Talent is proud to be the founder of the Talent Unleashed Awards, recognising innovation in the technology sector and Talent RISE, a not-for-profit organisation that assists young people with barriers to employment into roles within the technology and digital sector.
“I am delighted to be partnering with Quintet for the next chapter of Talent’s growth,” said Richard Earl. “The next few years which will see further international expansion and the scaling of our digital product Talent Engage. Quintet stood out because of its industry relationships and reach, as well as the quality of its team. I have no doubt that they will help us to fulfil our vision at this exciting stage in Talent’s development.”
Thérèse Rein, investor in Quintet and founder of the international employment services business Ingeus, said: “I’m excited to be involved with a business such as Talent that embraces innovation and constantly looks to break from the pack. Having founded Ingeus in the late 1980s, I can strongly identify with the path the business has taken. I look forward to using my experience and industry insights to help grow the business and support a range of initiatives including supporting women and indigenous people in tech roles. This is an exciting time to be involved in the tech world and there are lots of opportunities for Talent to grow as a commercial and community leader.”