Recent Asset Sale Allsec Technologies recently divested assets to Aparajitha Corporate Services for $3.25 million, indicating strategic restructuring and potential focus shifts. This move suggests opportunities to offer tailored compliance or labor law solutions that align with their current business direction.

Leadership Changes With the appointment of a new CEO in February 2023, Allsec is likely pursuing a refreshed growth strategy. Engaging the new leadership team with innovative HR and IT outsourcing proposals could facilitate strategic partnerships or service expansions.

Strategic Merger The company merged with Quess Corp in mid-2022, creating potential for cross-selling HR outsourcing and financial processing services. Targeted outreach to both entities can uncover joint opportunities or gaps in their integrated service offerings.

Market Position As a global leader in outsourcing solutions for HR, IT, and financial services with annual revenues between 250M and 500M, Allsec presents a significant opportunity to introduce advanced HR tech, automation tools, or compliance platforms that support their service portfolio.

Growth Potential Operating with a small team of up to one employee but backed by a substantial revenue base, Allsec may be seeking scalable solutions to enhance operational efficiency. This opens prospects for cloud-based HRIS, employee engagement platforms, or financial technology integrations.