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12 Feb, 2019

Jobvite raises $200 M and acquires three recruitment startups

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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.

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7 Feb, 2019

Hired.com acquires skill assessment and screening company Py

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Recruiting platform Hired.com acquired candidate assessment and screening firm Py for an undisclosed amount.

Py’s workers are joining Hired effective immediately, including founder Deker Lo. The core product — Py for Work — is now called Hired Assessments.

 

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5 Feb, 2019

Ultimate Software to go private in $11 billion acquisition

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Ultimate Software (NASD: ULTI), a developer of cloud-based human capital management and employee experience software, agreed to be acquired by an investor group led by private equity investment firm Hellman & Friedman. The investor group also includes Blackstone Group LP, GIC Pte Ltd, Canada Pension Plan Investment Board and JMI Equity.

Upon completion of the transaction, Ultimate will operate as a privately held company under the leadership of current president and CEO Scott Scherr and the existing senior management team.

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25 Jan, 2019

Behavioral Assessments company, Predictive Index Raises $50 Mn in Growth-Stage Capital

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The Predictive Index, which develops behavioral and cognitive employee assessments, announced that it raised $50 million in growth-stage capital from General Catalyst.

The funds will be used to double employee headcount, create a playbook on how to “successfully design, hire and inspire winning teams” and create a talent optimization industry conference.

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23 Jan, 2019

Careerbuilder acquires remaining stake in Textkernerl

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CareerBuilder has acquired the remaining stake in Textkernel that it didn’t already own. It had initially acquired a majority stake in 2015.

CareerBuilder announced the acquisition as part of their additional investment and significant developments in artificial intelligence (AI) and machine learning (ML) to deliver next-generation products and services that employers and staffing agencies need to meet their recruiting and business goals in today’s competitive hiring environment.

The Textkernel brand will remain and now operate as a CareerBuilder company. Textkernel’s semantic search has already been fully integrated into CareerBuilder’s Talent Discovery Platform.

 

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17 Jan, 2019

German recruiting platform Personio raises $40 million in a Series B funding

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Munich-based Personio has raised a Series B round of $40 million led by London-based Index Ventures, with participation from existing investors Northzone and Rocket Internet’s Global Founders.

Funding will be used to help the company attempt to become Europe’s leading provider of human resources software for SMEs.

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15 Jan, 2019

CareerArc Raises $30 Million in Growth Equity Round

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CareerArc announced today it raised a $30 million growth equity round led by PeakEquity Partners.

CareerArc Social Recruiting solutions allow companies to connect with job candidates on social media by distributing open jobs across social channels, creating and scheduling shareable social media content, and tracking and measuring campaign results. CareerArc Outplacement solutions enable organizations to prepare employees for their next career step through resume development tools, skills assessments, job matching and on-demand career coaching.

The investment will be used  to accelerate growth, expand product offerings, and strengthen market position

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10 Jan, 2019

French human capital management software, Talentsoft completes $50 million funding round

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Talentsoft, a Paris-based provider of learning and human capital management software, closed a $50m funding round led by Francisco Partners with participation from existing investors Bpifrance and Goldman Sachs.

The company intends to use the funds to accelerate international development, invest in HR data management and employee experience innovations, pivot towards a platform open to external applications and strengthen its position as the European leader in HR tech.

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9 Jan, 2019

OutMatch to Acquire Wepow

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OutMatch, the predictive talent and culture analytics company, announced today the acquisition of Wepow, a provider of video interviewing solutions that improve hiring outcomes.

Wepow technology makes interviewing productive, cost-effective, and more personal. The added capabilities also will strengthen companies’ ability to predict culture fit, employee performance, and career growth, while keeping top candidates engaged and moving forward in the selection process.

OutMatch has made a series of acquisitions in recent years, creating the rare ability to help companies hire and develop the right employees for the right positions — a talent acquisition platform with proven pre-hire assessments and data-driven insights that impact post-hire talent issues such as performance, learning, succession, and leadership development.

Wepow will maintain its offices and employees in Cupertino, Calif. It will continue to serve existing clients and work to attract new ones, while OutMatch and Wepow also pursue strategic opportunities to integrate the solutions each provides to customers.

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8 Jan, 2019

ZeroChaos Rebrands as Workforce Logiq

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Workforce management firm ZeroChaos has rebranded to Workforce Logiq™.  The company’s new tagline, Intelligence at Work™, along with its new logo, were created to showcase the company’s “IQ”—its focus on business intelligence, AI-powered and patented and patent-pending innovation and advanced recruiting models that deliver the edge to clients to pre-empt their competition in attracting, engaging and retaining global talent.

Workforce Logiq’s solutions portfolio, including Managed Service Provider (MSP), Vendor Management System (VMS) and Recruitment Process Outsourcing (RPO) programs, provides HR and procurement leaders with intelligence and insights to confidently manage their global workforce, improve bottom-line performance and fuel growth.

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