An IT recruitment firm has sold a stake in the business to an Australian technology staffing and consulting company.
The 100 Company has a base in Edmund Street, Birmingham, alongside sites in Manchester and London and a fourth in Bristol opening in May.
It has sold a 50 per cent share to Sydney-based Talent International in a move aimed at boosting the Australian company's operations in the UK and Europe as it seeks to match its Asia Pacific operations by making inroads into new markets.
The 100 Company's chief executive Jon Butterfield said: "This is a unique opportunity for both The 100 Company and Talent International.
"We are completely aligned in terms of our overall strategy, our approach to developing customers and creating a global brand.
"Having worked with Talent International during the past year, there is a very close cultural fit and one that can only enhance and improve our offerings to our candidates and clients alike. The board of The 100 Company are incredibly excited about the future."
Richard Earl, founder and managing director of Talent International, has become chairman of the board for the combined entity which will be rebranded Talent International across all its offices.
Mr Earl said the acquisition was Talent International's second step in an aggressive five-year plan which included expansion into Europe and further into the UK following the recent acquisition of Perth-based IT consultancy Agile Logic.
He added: "Given the signs of positive economic growth in Europe and specifically the UK, we feel it is a perfect time to seize this opportunity to bolster our position in the region and build a comparable business to what we have in Asia Pacific.
"Both companies share the same ambition to build a global brand. We both also believe there is a need to put the candidate and client at the centre of the recruitment process, something our peers in the industry are overlooking."