Investcorp, Mumtalakat Acquire ABRY's PRO Unlimited
October 31, 2014
Investcorp and Mumtalakat have announced the acquisition of ABRY Partners' PRO Unlimited, a provider of software and services that enable large enterprises to more effectively manage their contingent workforce. The deal is said to be around $300 million. Founded in 1991, PRO delivers services to address procurement, management and compliance issues related to workers such as independent contractors, consultants, temps and freelancers. It has roughly 600 employees and operates in 52 countries.