USHCC Congratulates Pinnacle Technical Resources on the Acquisition of Provade

USHCC Congratulates Pinnacle Technical Resources on the Acquisition of Provade

- Dallas-based Company Forms World's Largest Minority-Owned Enterprise VMS -


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WASHINGTON, Oct. 31, 2011 /PRNewswire-HISPANIC PR WIRE/ — The United States Hispanic Chamber of Commerce (USHCC) congratulates one of the largest woman/minority owned staffing and workforce solutions companies in the United States, Pinnacle Technical Resources, on the acquisition of Provade, a Silicon Valley-based Vendor Management System (VMS) technology company. The Pinnacle-Provade union offers an unprecedented combination that does not exist in the VMS marketplace today.

Founded by business leader Nina Vaca, Pinnacle recruits and manages contingent labor for a broad variety of Fortune 500 corporations in the financial services, transportation, communications and healthcare industries with 4,000 consultants serving clients across North America and Canada. Provade delivers the only enterprise VMS available in the market, serving corporations and organizations in more than 40 countries in numerous languages and currencies, with billions of dollars in spend under management. Pinnacle’s outstanding brand recognition, reputation, industry leadership and financial strength, coupled with Provade’s best-in-class technology, positions Pinnacle-Provade to continue to make a significant impact in the market.

“Witnessing the unprecedented growth of one of our Hispanic Business Enterprises speaks to the strength of our Hispanic business community,” said Javier Palomarez, President & CEO of USHCC. “We congratulate Ms. Vaca, the entire Pinnacle team, and welcome Provade to our USHCC family of business enterprises.”

Pinnacle Technical Resources is one of the staffing industry’s fastest-growing firms in the nation, garnering numerous awards including the coveted Ernst & Young’s Entrepreneur of the Year, as well as being named to the Inc. 500/5000 list of the nation’s fastest-growing companies for seven consecutive years. In 2011, Pinnacle was honored as the country’s top minority-owned firm by the National Minority Supplier Development Council (NMSDC). Vaca currently serves as the Chairman of the Board of the United States Hispanic Chamber of Commerce.

About the United States Hispanic Chamber of Commerce

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that combined generate in excess of $420 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit http://www.ushcc.com.

SOURCE United States Hispanic Chamber of Commerce

USHCC Congratulates Pinnacle Technical Resources on the Acquisition of Provade