Case Study
Staffing Firm Grows While Helping Others
Case Study: Staffing Firm Grows While Helping Others Company Overview: Veredus’ Smart Growth Story: Veredus started strong in 2001 with rapid growth from inception, and since much of the business is handled through contracts, this meant Veredus had to keep up with its increasing demand of funding payrolls. Therefore the company needed continuous and easy access to capital. This required more than simply a bank, but rather a partner. They found this partnership with SunTrust. In fact, within the first year of partnering with SunTrust, Veredus doubled in size. One major development occurred in 2014 when Veredus sold 80 percent of its firm to Hays plc, a worldwide staffing company, which provided Veredus the capability to compete with the largest staffing firms in the U.S. The SunT