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MBO Partners acquires open innovation crowd platform MindSumo — Context, Deal Rationale, Analysis

MBO Partners’ acquisition of MindSumo last week may have raised some eyebrows — or at least caused some puzzlement — in the relatively slow-moving contingent workforce industry. But while the oft-declared statement, “the world of work is changing,” is now a bit of truism, MBO’s acquisition and platform strategy now puts the company squarely in the middle of some of those long-term changes.

In this Spend Matters PRO brief, we describe MBO Partners and MindSumo as solution providers, frame the broader business context of the acquisition and discuss MBO’s strategic acquisition perspective (informed by a recent conversation with MBO’s CEO, Miles Everson). We also provide our own perspective on the significance of MBO’s move.

‘There is so much opportunity to leverage high-skill, high-value talent,’ MBO’s Bryan Peña says of independent workforce

Technology is changing the way people in the independent workforce find work, and companies face challenges finding that talent, says Bryan Peña, Chief of Market Strategy at MBO Partners.

"Technology is also becoming ubiquitous, and the discipline of managing a talent pool is becoming an organizational competency," he says. "So what we see is a lot of technologies that have been around for a while taking off because there’s more of an organizational demand for them as jobs become harder and harder to fill. And now that some of the basic problems are solved, you can point to more advanced ones. So many technologies are evolving to solve very discreet, unique problems — it's an exciting time."