VMS Firms - Top Players

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VMS Firms - Top Players

The top four Vendor Management System (VMS) companies in the US based on revenue include Workforce Logiq, CDI Corp, DCR Workforce, and MSX international. Additional information on the companies (including their website) have been entered into rows 3 – 7, columns A — D of the attached spreadsheet.

RESEARCH STRATEGY

In our efforts to find the information on the top VMS companies in terms of market share or revenue, we began by scouring through industry publications to locate any preexisting lists. While we found some pre-compiled lists from sources like Allegis Global Solutions, Capterra and Staffing Industry, the quantifiable metrics (such as revenue or market share) used to rank the VMS companies was not immediately clear
Following the limitations of the initial strategy, we switched gears to research the top companies by market share by reviewing market research reports and articles such as published by Grand View Research and Technavio among others, and press release sites like BusinessWire, GlobeNewswire, etc. While information was available on one or two companies' market shares, it was not possible to take them further in absence of an exhaustive list of companies having the same information.
In the absence of this information (revenue or direct market share for the overall VMS market size in the US), we continued with our search in third-party websites and luckily found a 2015 report by SIA which ranked 23 VMS companies in terms of their share in VMS spending (provider) in the US. Even though the source was outdated (older than two years), it provided useful insights and provided an extensive set of 23 VMS companies. We used the list to find the current revenues for each of the companies utilizing company profile websites like Hoovers, ZoomInfo, and CrunchBase that often provide the latest available revenue.
We were able to determine the revenues of all the companies except for PiLOTT which had no publicly available information on its financials. Excluding Fieldgrass, we compare the revenues of the remaining 22 companies and arrived at the top four in terms of revenue as follows;
1. Workforce Logiq $2823.12 Million
2. CDI Corp -$864.37 Million
3. DCR Workforce -$702.08 Million
4. MSX international -$ 527.04 Million
Finally, we visited each of the identified companies' website sand LinkedIn profiles to find additional information required to meet the criteria of the research fully. For reference, we have attached as part of this report, the various sources showing revenues of all the 22 VMS companies compared. The top four VMS companies in the US in terms of revenue are as outlined in the following section.

1. Workforce Logiq

Workforce Logiq was founded in 1999 as a privately held entity. The Orlando, Florida-based company has about 1,001-5,000 employees. The company's core offering includes managed service, vendor management system, independent contractor management, employment screening, alternative sourcing strategies, and payrolling among others. The company's mission is to support organizations to attract the talent they need to grow.

2. CDI Corp

Headquartered in Philadelphia, Pennsylvania, United States, CDI Corp was founded in 1950 and currently employs more than 10,000 people. The company's service offerings of the company include an array of engineering design project solutions, information technology project solutions and managed services, specialty technology staff augmentation, and program and managed staffing services.

3. DCR Workforce

DCR Workforce has been operating since 1995 when it was founded in Boca Raton, Florida. The privately-held company has 201-500 employees. The core offerings of the company include managed services programs, vendor management technology, workforce intelligence, compliance and risk management services, payroll services, and SOW project management, among others. Its company's mission is to help clients maximize the contribution of their extended workforce.

4. MSX international

MSX International is headquartered in Detroit, Michigan and is a privately held company employing about 5,001-10,000 employees. The company runs its managed services programs such as VMS through its wholly-owned subsidiary Geometric Results, Inc. (GRI). The mission of the company is to maximize "the benefits of a contingent workforce on organizational performance by maintaining a conflict-free position relative to staffing suppliers and technology platforms".
Sources
Sources

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  • "REVENUE: $52.31 MN (ESTIMATED)"
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  • "REVENUE: $143.69 MN (ESTIMATED)"
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  • "Three months after merging IQNavigator and Beeline, two of the top leaders in software solutions for sourcing and managing the extended workforce, the company has achieved significant goals outlined in its merger announcement."
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  • "£82.8 million PeopleFluent revenue of which 86% is recurring revenue (page 4)"
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  • "REVENUE: $58.73 MN (ESTIMATED)"
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  • " REVENUE: $2,823.12 MN (ESTIMATED)"
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  • "In 2017, PIXID generated solid revenue growth of 23% and Management is expecting to record revenues of around €25m in 2018. "
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  • "Revenue: $116.4 Million"
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  • "Revenue: $6.2 Million"
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  • "Revenue: $7.4 Million"
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  • " REVENUE: $702.08 MN"
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  • "Revenue: $4.8 Million "
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  • "REVENUE: $527.04 MN (ESTIMATED)"
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  • "Revenue: $6.4 Million"
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  • "Revenue: $30 Million"
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  • " REVENUE: $583.85 MN"
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  • "Revenue: $9.2 Million"
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  • "Revenue: $16.4 Million"
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  • " REVENUE: $864.37 MN"
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  • "CDI Corp. (NYSE: CDI) joined with Acro Service Crop. and Mastech Inc. (NYSE: MHH) to form a new minority-owned company to provide technical, IT and engineering staffing. CDI will provide MSP, VMS and operational support to the new company."