The Unseen Group, a prominent software and employability solutions provider, has successfully completed its acquisition of Evolve Assess. This acquisition marks the group’s seventh and further strengthens its offerings in higher education and early careers sectors.
Last June, Unseen Group secured a substantial investment boost, which included acquisition funds from Pelican Capital and an acquisition facility from ThinCats. This funding facilitated the acquisition of Evolve Assess, ensuring the group’s continued growth and expansion.
Acquisition Details
Manchester-based Unseen Group has acquired Evolve Assess, a renowned technology platform specialised in psychometric assessments and candidate feedback. Although the acquisition sum remains undisclosed, this strategic move marks the group’s seventh acquisition, showcasing its commitment to expanding its portfolio and enhancing service offerings for higher education and early careers sectors.
Zac Williams, CEO of Unseen Group, stated: “Evolve Assess is an amazing platform with a highly skilled team behind it. We’re thrilled to bring their expertise into our growing group of products and can’t wait to start working together.”
Funding and Investment
In June, Unseen Group announced it had received a multimillion-pound investment, including funds from Pelican Capital and ThinCats, a finance provider. This substantial financial support also facilitated Maven Capital Partners’ exit, an entity that had been instrumental in supporting Unseen Group since 2017.
This latest funding round has significantly bolstered Unseen Group’s ability to pursue aggressive growth strategies, including acquisitions that enhance its technological capabilities and service offerings. The financial backing underscores investor confidence in the group’s vision and strategy.
Strategic Importance of Evolve Assess
Richard Anderson founded Evolve Assess in 2016 near Sunderland. The platform quickly gained traction, working with notable clients such as NatWest Group and St James’s Place. Evolve Assess provides automated and simplified psychometric assessment processes that offer an engaging and insightful candidate experience.
Integrating Evolve Assess’ capabilities with Unseen Group’s existing services is a strategic move aimed at unifying expertise, unlocking product development, and growth opportunities. It will particularly collaborate with TopScore, another Unseen Group member business providing digital assessment centre technology.
Leadership Perspectives
Zac Williams emphasised the alignment between Evolve Assess and Unseen Group’s mission to offer comprehensive tools and services to educators and employers. He noted, “As we grow as a group, we’re dedicated to offering educators and employers a wider range of tools and services that all come together to ensure that no pathway goes unseen for the next generation of talent. Evolve Assess is a crucial piece of that puzzle.”
Richard Anderson, reflecting on the acquisition, expressed his enthusiasm for joining the Unseen Group: “I was immediately impressed by Zac and the growth of the Unseen Group over recent years, adding a number of fantastic businesses to its portfolio – some of which I’ve already had the pleasure of working with directly.”
Future Endeavors
The collaboration between Evolve Assess and TopScore is set to unlock new product development and growth opportunities. This partnership is expected to leverage both teams’ strengths and drive innovation within the assessment technology sector.
Zac Williams and Richard Anderson both foresee a highly collaborative future, with Evolve Assess contributing to Unseen Group’s growing list of products and services. Anderson added, “This deal was a no-brainer for me, and I’m incredibly proud to now be a part of this thriving business. Joining a group of highly innovative and dynamic brands will only strengthen and grow the service we offer our clients.”
Market Impact
This strategic acquisition will likely enhance Unseen Group’s competitive position in the higher education and early careers sectors. By integrating Evolve Assess’ unique assessment capabilities, the group aims to provide a more comprehensive suite of services to its clients.
The market can expect Unseen Group to continue its trend of strategic acquisitions, further consolidating its position as a leader in innovative assessment solutions. The financial backing from Pelican Capital and ThinCats positions the group for sustained growth and industry impact.
Client Benefits
Clients of the Unseen Group can anticipate an enriched service portfolio, with enhanced assessment tools and technology integrations. This acquisition is designed to offer a more streamlined and effective assessment process.
Businesses and educational institutions working with Unseen Group will benefit from Evolve Assess’ robust platform, ensuring a more engaging and insightful candidate assessment experience.
Unseen Group’s acquisition of Evolve Assess signifies a strategic expansion, enhancing its portfolio and service offerings in the higher education and early careers sectors.
With new financial backing and the integration of Evolve Assess, Unseen Group is well-positioned for continued growth and innovation, benefiting both clients and the broader market.