Jobvite has picked up an investment of over $200 million, and it will be using the money to acquire three smaller companies focusing on different aspects of the recruitment process: Talemetry (which specializes in recruitment marketing); RolePoint (for employee referrals and in-company moves); and Canvas (a text-based conversational bot to get the screening process started). This merger rapidly accelerates the companies’ product development roadmaps and the integration of their customer solutions. In addition, the combined companies will continue to meet existing client needs, including all system integrations as well as maintaining all operations globally.
K1 made a majority investment in the company while existing shareholders, including the companies’ founders and Catalyst Investors, a New York-based growth equity firm, will retain a minority interest.