For strategic acquirers like Workplace Options, a provider of bespoke workforce wellbeing and mental health solutions, broadening service offerings is also an essential component to acquisition strategy.

Last November, Workplace Options acquired The Diversity Movement, a tech consulting firm specializing in DEI. The deal added valuable intellectual property to Workplace Options’ portfolio, and strengthened its position in an area of human resources witnessing spiking demand among employers: McKinsey forecasts company spend on DEI-related initiatives to reach $15.4 billion by 2026.

Workplace Options President and CEO Alan King says he is “incredibly bullish” on the company’s acquisition strategy moving forward, with investments motivated directly by client demand. “The questions they’re asking us, what they’re challenging us to do and deliver for them is really exciting and healthy,” he says. “It’s about growth, it’s about opportunity.”

Mergers and acquisition in the HR solutions space