Whoz investment from PSG

The SaaS platform delivering smart staffing and talent and project management solutions for professional services companies raises €25 million in funding led by PSG Equity

Whoz, a SaaS platform delivering smart staffing and talent and project management solutions for professional services companies, is pleased to announce €25 million in funding led by PSG Equity (“PSG”), a growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth and build scale across Europe and the US.

Founded in 2016 by experienced consulting and IT professionals, Whoz has established itself as a leader in the French market in the digitization of talent management, staffing and project portfolio management for professional services companies of all sizes (IT service companies, consulting and auditing firms and engineering firms) and IT departments of large companies.

Available in SaaS, Whoz’s solution addresses the entire staffing process: skills mapping, team building, management planning and identification of skills gap trends in order to adjust recruitment and training plans. Whoz also enables activity forecasts based on staffing capacity.

Through its SaaS solution, Whoz allows its clients to have a real-time overview of their available talent pool to match the most appropriate talent with the specific needs of projects and/or clients, while also taking into account the talent’s skills and development preferences.

The market for talent recruitment and retention is extremely competitive and this has been significantly accelerated by the COVID-19 pandemic. With remote working, talent management and hyper-specialization of skills, we believe companies will need to profoundly transform themselves. To remain competitive, it is our view that they must digitize their internal processes, especially in aligning their available skills and staffing, while also meeting client needs, managing the successful delivery of projects and retaining their talent.

Within this context, the technological solutions developed by Whoz aim to add value to the fast-growing professional services and IT sector – representing a market with revenues of over $100 billion in France and approximately $1 trillion including large international markets such as the United Kingdom, the United States, Germany and India. Whoz’s solution not only allows professional services companies and IT departments to optimize the staffing of tens of thousands of missions each month by considering the specific needs of clients, but also the development goals of talents. In short, this matching aims to provide a win-win outcome for both the client and the talents.

This new partnership aspires to allow Whoz to leverage PSG’s B2B software expertise and international network to bolster its presence in the French market while expanding into new regions like the United States, Germany, the United Kingdom and India. Currently, Whoz’s technologies are implemented in more than 50 countries for large clients, including IT services leaders such as Devoteam, Egis, Open and Econocom, as well as for large project-based companies like Engie and Thales. To reinforce its expansion strategy, Whoz plans to double its headcount from 50 to 110 people by the end of the year, particularly in R&D, sales and marketing teams, as well as the client relationship team.