Yoh announced on Monday the divestiture of the project-based software engineering services portion of its Starpoint Solutions business, which it acquired in 2016. The transaction includes the sale of assets, staff and operational facilities.
Terms were not disclosed.
At the time of the acquisition, technology staffing comprised most of New York-based Starpoint’s business, but it also provided project solutions that enable clients to outsource custom application development projects, predictive data analytics, and enterprise resource planning and enterprise cloud solutions.
This divestiture impacts a small portion of the Yoh business, mainly in the Northeast US, that was part of the 2016 acquisition. All other Starpoint Solutions operations have been integrated into Yoh and the Starpoint Solutions brand will be retired, according to the company. Moving forward, all clients to which Yoh has provided contingent and/or permanent IT, engineering, life sciences and healthcare staffing services will continue to be supported by Yoh.
Starpoint Solutions’ project-based, outsourced software engineering services business will continue to be operated by Henry Zelikovsky under the new name Softlab360. Yoh will maintain a referral-based partnership with Softlab360 for any outsourcing needs for Yoh’s current clients.
“This move will allow Yoh to focus more of our resources on our strategic priorities in contingent and permanent specialty practice staffing solutions, which have been the core component of our business for more than 80 years,” said Yoh President Emmett McGrath. “This was just one part of the successful acquisition of Starpoint Solutions and we are grateful for the opportunity to have worked with this team, now Softlab360, and we wish Henry and his entire team well in the future.”
Yoh is a business unit of Day & Zimmermann’s US-based staffing firm and ranks No. 19 on SIA’s list of largest IT staffing firms in the US.