Preview
INDEX NO. 160750/2023
FILED: NEW YORK COUNTY CLERK 11/02/2023 11:23 AM
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
EXHIBIT 4
INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
5
e WorkGenius For Business For Freelancers ‘About Us Resources EN
PRESS RELEASE
WorkGenius acquires US based JBC, a
staffing company
Cy) MVfey a er=) aT
New York, June sth.
Work Genius, a freelance technology company, acquires US based J8C, a staffing company.
WorkGenius, a freelance technology company has acquired US based JBC, a statfing company, in a landmark deal that together, will aim to transform the freelance
statfing industry through a combination of proven operations, great people along with innovative cutting edge technology.
The combined company will be close to $100m in revenue, with EBITDA in the high teens and more than 250 employees. The company grows northof 50% YoY, driven by a
tenured team, unique technology product, strong trends of digitalization in the human capital space, and a shiftto flexible workforce models.
“our goal has always been to transform the $600bn freelance industry, to make it more equitable and accessible through our technology. Partnering with JBC and its entire
team isa big step towards achieving that goal. Both teams share the same vision and we are looking forward to providing unprecedented access to the best talent
through our Al powered WorkGenius platform, hybrid, or, cirect with our trusted recruiter and consultant network. We see this partnership as a major benofitto our clients,
our freelancers and to both our teams." says Marion Rosenzweig who will be the new CEO of WorkGentus Holdings, based out of Now York City.
Basedin NY, JBC which operates primarily n the US, UK, Spain, France, Canada and Hong Kong, was founded by Bryan Zaslow. Zaslow will continueto lead the organization
forward supporting a robust offering of freelance and permanent search work.
WorkGenius was founded in Hamburg, Germany by Marlon Rosenzweig and Daniel Barke. The success of the end-to-end freelance management platform led to its U
expansion, now headquarteredin NYC. WorkGenius has seen tremendous growth due to the digitizationof the human capital space, a shift to freelancefrom traditional
employment, and strong growth in the served end markets.
Rounding out the executive management team will be Daniel Barke (Chief Revenue Officer), and Keith Geller (Chief Operations Otficer).
“The JBC team is thriledto join forces with WorkGenius and excited to bring the powerof Workgenius’ technologyto our clients, affording them access toa lightning fast
‘matching algorithm that can provide the most qualified talent and a freelance management tool to manage contingent workforces compliantly on a global scale, Our
future will have a unique offering of pure tech and hybrid, empowering our teams" adds Zaslow.
The company headquarters will continueto be located in NYC, USA with offices across the US, London, England, and Hamburg, Germany.
Chad Leat, former Vice Chait of CitiGroup, joins existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION invest Corp provide the debt
facility and also invested in the equity.
“Freelance adoption islike aflywheel driven by the talents’ preference to work flexibly, as well as companies desiringto have a more flexible workforce. The end markets we
serve have seen strong tallwinds, in addition to @ seismic shiftto more freelancing in the workforce. We intendto maintain our rapid growth both organically and
inorganically on a global scale.” adds Rosenzweig,
To find out what this means for the future of human capital management, click here,
Contac WnreeenBivEr yer is i
INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
e WorkGenius For Business For Freelancers ‘About Us Resources EN
ee
INDEX NO. 160750/2023
(FILED: NEW YORK COUNTY CLERK 11/02/2023 11:23 AM
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
@ WorkGenius For Business For Freelancer ‘About Us Resource: EN
WorkGenius and JBC
have joined forces
to become WorkGenius Holdings
Its the bestof both worlds: the advanced technology
of WorkGenius,
‘and thi 1g togeth
to delive ‘comp mai
powered by
WorkGenius
TRUSTED BY
hulu NETFLIX “Diienep ”~ Uber a
NBC
Cr
Choose what fits you best to get the talent
you need at lightning speed
State-of-the-art technology, and vast statfing experience to provideyou with the ideal candidate. Get this
done by over 200 recruiter consultants worldwide or directly through the WorkGenius platform.
INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
@ WorkGenius For Business For Freelancers ‘About Us Resources EN
Read More
Read More
Read More
Read More
Read More
Read More
INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
@ WorkGenius
We can help with a Forbroad
Business
ran
For Freelance! FEnie reson 0
a
of Digital Talent
Be
TN
Testimonials
WorkGenius is a fantastic resource for me Up until this point, 35% of my time asa Its greatto have a team of Geniuses that
cand my team. We can trap into our freelancer had been eaten up with supports me at any time. [m super happy
{freelancer team in the cloud at any time and administrative tasks. With WorkGenius, its with the WorkGenius Freelance Solution and
get a great result back within I-2 days. This is down to under 10%. the quality and turnaround time of the
extremely helpful for our growth. results,
we}
Kevin stockton
Directorof sales a Oliver Treubel
Freelance WorkGenius Eitor a Linda Furber
Marketing Manager
INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
@ WorkGenius For Business For Freelancers ‘About Us Resources EN
Want to learn more?
Let's talk!
First Name’
Last Name’
Email*
Comnany'
INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
WorkGenius Acquires US-Based
JBC Staffing Firm
® WorkGenius
NEWS PROVIDED BY
WorkGenius ne.
YS Oct, 2022. 1.08 ET
+ Deal between WorkGenius and JBC creates global, high-skill freelance staffing
network using the power of Al. to better match candidates with jobs and reduce
bias in the hiring process
+ Carlos Medeiros, former partner at Softbank - the largest global technology investor
board of rectors
+ WorkGenius considers the acquisiti asa blueprint for further growth
NEW YORK, Oct. 13, 2022 /PRNewswire/-- WorkGenius, a global, end-to-end freelance
technology company that uses attificial intelligenceto help match highly skilled talent, has
acquired US-based JBC, a NY-based staffing company, ina landmark deal that will aim to
transform the freelance talent industry. Investments were provided by Carlos Medeiros,
former partner at Softbank, and Chad Leat, former Vice Chair of CitiGroup, who join existing
‘equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION
Invest Corp provided the debt facility and also invested in the equity. This acquisition, which
closed June 7, 2022, reconfigures the combined company into WorkGenius Holdings. The
Hamburg, Germany, originating company had previously received $25 million in a post-
SeriesA fundraising round.
“The recruiting market is the next industry that needs disruption, says Carlos Medeiros,
former partner at Softbank - the largest global technology investor - who joins the board of
directors,
“There is an imminent lack of digitalization among established players, and in
WorkGenius | see a company that understands how technology can be used to make
hiring and managing talent so much easier. Having looked at the technology in
combination with the newly acquired network from JBC, | see a dominant player with
significant market share.”
Leveraging its proprietary algorithm, WorkGenius Holdings’ talent pool will be better
matched using a variety of factors that will reduce unconscious bias, including most
notably gender/sex
‘WorkGenius is also considering the acquisition as a blueprint for further growth. The overall
conceptof improving already existing structures by providing WorkGenius' cutting edge
technological approach may well be employed for further strategic developments. “We're
not trying to push anyone out or be a fierce competitor. Our goal is to incorporate the
invaluable expertise of experienced staffers and offer them specialized tools to increase
their efficiency. Let our Al. do all the hard workof going through endless files, and instead
use your time connecting the right people with their ideal job. There were many valuable
lessons to be learned throughout the acquisition process. These experiences will aid
similar undertakings in the future. We've proven that we are able to expand successfully,
and now we're keepinga close eye on the marketin case any comparable opportunities
arise” Marlon Rosenzweig adds.
About WorkGenius Holdings
New York based scale-up WorkGenius (workgenius.com) operates a fully automated and Al-
based end-to-end freelance solution for talent and companies. Thanks to skill-based
matching, companies find suitable, highly qualified talent for their projects. WotkGenius
was founded in 2019 by Daniel Barke and Marlon Rosenzweig with the mission to enable
users to work independently and gain access to prestigious projects based solely on their
professional skills, while helping companies meet their labor demand quickly and
efficiently. Since acquiring the US-based staffing firm JBC, the scale-up already employs
more than 250 people. Over 5,000 customers rely on the platform, including top
intemational players such as Meta, Axel Springer, or Uber.
= INDEX NO. 160750/2023
PRESS COMTECT
NYSCEF BOC. NO. 5 Klaas Geller | klaas geller@tonka-pr.com | +49.176.747.17519 RECEIVED NYSCEF 11/02/2023
SOURCE WorkGenius Inc.
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ent
relat corer
=: INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF 11/02/2023
4nstagram am
thejbeteam + 70-75
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w~ WorkGenius e@ thejbcteam fp Exciting News from
WorkGenius Group!
£2 We're thiled to announce our
WorkGenius Group acquisition of Berin-based Expertlead,
marking our third acquisition in the
acquires Berlin based last 14 months!
@
Expertlead Ey Expertiead, known for its
innovation in matching tech
freelancers with companies and
offering peer-to-peer live coding
assessments, is joining our family
Together, we're elevating our game by
bringing real-time live assessmentsto
ur cient base, perfectly
complementing our existing
technology.
€. expertlead © "This acquisition builds upon the
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66 rere pote
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@ Bim
FILED: NEW YORK COUNTY CLERK 11/02/2023 11:23 AM INDEX NO. 160750/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023
Instagram at
Bim
Preview
INDEX NO. 160750/2023 FILED: NEW YORK COUNTY CLERK 11/02/2023 11:23 AM NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 EXHIBIT 4 INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 5 e WorkGenius For Business For Freelancers ‘About Us Resources EN PRESS RELEASE WorkGenius acquires US based JBC, a staffing company Cy) MVfey a er=) aT New York, June sth. Work Genius, a freelance technology company, acquires US based J8C, a staffing company. WorkGenius, a freelance technology company has acquired US based JBC, a statfing company, in a landmark deal that together, will aim to transform the freelance statfing industry through a combination of proven operations, great people along with innovative cutting edge technology. The combined company will be close to $100m in revenue, with EBITDA in the high teens and more than 250 employees. The company grows northof 50% YoY, driven by a tenured team, unique technology product, strong trends of digitalization in the human capital space, and a shiftto flexible workforce models. “our goal has always been to transform the $600bn freelance industry, to make it more equitable and accessible through our technology. Partnering with JBC and its entire team isa big step towards achieving that goal. Both teams share the same vision and we are looking forward to providing unprecedented access to the best talent through our Al powered WorkGenius platform, hybrid, or, cirect with our trusted recruiter and consultant network. We see this partnership as a major benofitto our clients, our freelancers and to both our teams." says Marion Rosenzweig who will be the new CEO of WorkGentus Holdings, based out of Now York City. Basedin NY, JBC which operates primarily n the US, UK, Spain, France, Canada and Hong Kong, was founded by Bryan Zaslow. Zaslow will continueto lead the organization forward supporting a robust offering of freelance and permanent search work. WorkGenius was founded in Hamburg, Germany by Marlon Rosenzweig and Daniel Barke. The success of the end-to-end freelance management platform led to its U expansion, now headquarteredin NYC. WorkGenius has seen tremendous growth due to the digitizationof the human capital space, a shift to freelancefrom traditional employment, and strong growth in the served end markets. Rounding out the executive management team will be Daniel Barke (Chief Revenue Officer), and Keith Geller (Chief Operations Otficer). “The JBC team is thriledto join forces with WorkGenius and excited to bring the powerof Workgenius’ technologyto our clients, affording them access toa lightning fast ‘matching algorithm that can provide the most qualified talent and a freelance management tool to manage contingent workforces compliantly on a global scale, Our future will have a unique offering of pure tech and hybrid, empowering our teams" adds Zaslow. The company headquarters will continueto be located in NYC, USA with offices across the US, London, England, and Hamburg, Germany. Chad Leat, former Vice Chait of CitiGroup, joins existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION invest Corp provide the debt facility and also invested in the equity. “Freelance adoption islike aflywheel driven by the talents’ preference to work flexibly, as well as companies desiringto have a more flexible workforce. The end markets we serve have seen strong tallwinds, in addition to @ seismic shiftto more freelancing in the workforce. We intendto maintain our rapid growth both organically and inorganically on a global scale.” adds Rosenzweig, To find out what this means for the future of human capital management, click here, Contac WnreeenBivEr yer is i INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 e WorkGenius For Business For Freelancers ‘About Us Resources EN ee INDEX NO. 160750/2023 (FILED: NEW YORK COUNTY CLERK 11/02/2023 11:23 AM NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 @ WorkGenius For Business For Freelancer ‘About Us Resource: EN WorkGenius and JBC have joined forces to become WorkGenius Holdings Its the bestof both worlds: the advanced technology of WorkGenius, ‘and thi 1g togeth to delive ‘comp mai powered by WorkGenius TRUSTED BY hulu NETFLIX “Diienep ”~ Uber a NBC Cr Choose what fits you best to get the talent you need at lightning speed State-of-the-art technology, and vast statfing experience to provideyou with the ideal candidate. Get this done by over 200 recruiter consultants worldwide or directly through the WorkGenius platform. INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 @ WorkGenius For Business For Freelancers ‘About Us Resources EN Read More Read More Read More Read More Read More Read More INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 @ WorkGenius We can help with a Forbroad Business ran For Freelance! FEnie reson 0 a of Digital Talent Be TN Testimonials WorkGenius is a fantastic resource for me Up until this point, 35% of my time asa Its greatto have a team of Geniuses that cand my team. We can trap into our freelancer had been eaten up with supports me at any time. [m super happy {freelancer team in the cloud at any time and administrative tasks. With WorkGenius, its with the WorkGenius Freelance Solution and get a great result back within I-2 days. This is down to under 10%. the quality and turnaround time of the extremely helpful for our growth. results, we} Kevin stockton Directorof sales a Oliver Treubel Freelance WorkGenius Eitor a Linda Furber Marketing Manager INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 @ WorkGenius For Business For Freelancers ‘About Us Resources EN Want to learn more? Let's talk! First Name’ Last Name’ Email* Comnany' INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 WorkGenius Acquires US-Based JBC Staffing Firm ® WorkGenius NEWS PROVIDED BY WorkGenius ne. YS Oct, 2022. 1.08 ET + Deal between WorkGenius and JBC creates global, high-skill freelance staffing network using the power of Al. to better match candidates with jobs and reduce bias in the hiring process + Carlos Medeiros, former partner at Softbank - the largest global technology investor board of rectors + WorkGenius considers the acquisiti asa blueprint for further growth NEW YORK, Oct. 13, 2022 /PRNewswire/-- WorkGenius, a global, end-to-end freelance technology company that uses attificial intelligenceto help match highly skilled talent, has acquired US-based JBC, a NY-based staffing company, ina landmark deal that will aim to transform the freelance talent industry. Investments were provided by Carlos Medeiros, former partner at Softbank, and Chad Leat, former Vice Chair of CitiGroup, who join existing ‘equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provided the debt facility and also invested in the equity. This acquisition, which closed June 7, 2022, reconfigures the combined company into WorkGenius Holdings. The Hamburg, Germany, originating company had previously received $25 million in a post- SeriesA fundraising round. “The recruiting market is the next industry that needs disruption, says Carlos Medeiros, former partner at Softbank - the largest global technology investor - who joins the board of directors, “There is an imminent lack of digitalization among established players, and in WorkGenius | see a company that understands how technology can be used to make hiring and managing talent so much easier. Having looked at the technology in combination with the newly acquired network from JBC, | see a dominant player with significant market share.” Leveraging its proprietary algorithm, WorkGenius Holdings’ talent pool will be better matched using a variety of factors that will reduce unconscious bias, including most notably gender/sex ‘WorkGenius is also considering the acquisition as a blueprint for further growth. The overall conceptof improving already existing structures by providing WorkGenius' cutting edge technological approach may well be employed for further strategic developments. “We're not trying to push anyone out or be a fierce competitor. Our goal is to incorporate the invaluable expertise of experienced staffers and offer them specialized tools to increase their efficiency. Let our Al. do all the hard workof going through endless files, and instead use your time connecting the right people with their ideal job. There were many valuable lessons to be learned throughout the acquisition process. These experiences will aid similar undertakings in the future. We've proven that we are able to expand successfully, and now we're keepinga close eye on the marketin case any comparable opportunities arise” Marlon Rosenzweig adds. About WorkGenius Holdings New York based scale-up WorkGenius (workgenius.com) operates a fully automated and Al- based end-to-end freelance solution for talent and companies. Thanks to skill-based matching, companies find suitable, highly qualified talent for their projects. WotkGenius was founded in 2019 by Daniel Barke and Marlon Rosenzweig with the mission to enable users to work independently and gain access to prestigious projects based solely on their professional skills, while helping companies meet their labor demand quickly and efficiently. Since acquiring the US-based staffing firm JBC, the scale-up already employs more than 250 people. Over 5,000 customers rely on the platform, including top intemational players such as Meta, Axel Springer, or Uber. = INDEX NO. 160750/2023 PRESS COMTECT NYSCEF BOC. NO. 5 Klaas Geller | klaas geller@tonka-pr.com | +49.176.747.17519 RECEIVED NYSCEF 11/02/2023 SOURCE WorkGenius Inc. PRN Top Stories Newsletters Sign up to get PRN's top stories and curated news q delivered to your inbox weekly! Enter Your Email Select Country ent relat corer =: INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF 11/02/2023 4nstagram am thejbeteam + 70-75 e@ aC w~ WorkGenius e@ thejbcteam fp Exciting News from WorkGenius Group! £2 We're thiled to announce our WorkGenius Group acquisition of Berin-based Expertlead, marking our third acquisition in the acquires Berlin based last 14 months! @ Expertlead Ey Expertiead, known for its innovation in matching tech freelancers with companies and offering peer-to-peer live coding assessments, is joining our family Together, we're elevating our game by bringing real-time live assessmentsto ur cient base, perfectly complementing our existing technology. €. expertlead © "This acquisition builds upon the 9av A bute LS ona Qe4 Fee Towh Rasy bares thejbcteam a 8 > 8268 emai} Pera 6 BENEFITS YOU CAN NEGOTIATE lee mad siz EAI ie Se 28 a De a a ad ie)1e) a snyder LO das loath oftna 30 age orteting perotane Bo ea ene Pov erie é etiver Thert gegh Imagine an e-1 ding you well parol Witt Ze BE sr MONDAY MOTIVATION a i ce oye fave a m0 = Incpiration comes from within oy Apparently “the vibes are off” isn'ta yourself. One haste be positive. good excuse to leave work early 66 rere pote sn tines 9 pach Deep Roy er @ Bim FILED: NEW YORK COUNTY CLERK 11/02/2023 11:23 AM INDEX NO. 160750/2023 NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 11/02/2023 Instagram at Bim