It’s probable that Covid accelerated the acquisition market when it comes to HR and recruitment tech so I wanted to recap what happened this year when it comes to mergers and acquisitions in our industry.
I have tracked at least 41 such acquisitions this year via the HRtechfeed.com news site that we operate here at Rec Tech Media. In the first 6 months of the year there were 16 transactions but from July through december there were 25 of them. What we are seeing now are the major recruiting software companies in an arms race to become a single point solution to solve all your recruiting problems.
One note, these are mainly the US based companies.
DECEMBER
Recruiter.com acquired OneWire
ICIMS acquires Altru Labs
Phenom acquires Endouble
Cielo acquires talentFunction
NOVEMBER
Vonq acquired IGB
Vettery acquires Hired.com
Outmatch acquires Checkster
ICIMS acquires EASYRECRUE
Paylocity buys Samepage
SmartRecruiters acquires Jobpal
Top Echelon Acquires CATS
OCTOBER
Outmatch acquires FurstPerson
Justworks acquires Boomr
Hirevue acquires AllyO
Paycor acquires 7geese
SEPTEMBER
Phenom acquires MyAlly
Jobvite Acquires Talentegy
CareerBuilder Sells Off TextKernel
Outmatch acquires LaunchPad
AUGUST
Job.com buys HireVergence
Indeed acquires Zapinfo
JULY
ModernHire acquires Sonru
Circa acquires Americas Job Exchange
Jobvite acquihires Predictive Partner
Papaya Global acquires Mensch
JUNE
None
MAY
Oyster Acquires Carrom
Timecentric acquires TimeRack
Uncubed acquires Finalist
Terminal acquires ROIKOI
APRIL
RecruitRooster acquires RocketBuild
Paylocity acquires VidGrid
MARCH
The MOM Project acquires Werk
NAS Recruitment sold to M3
FEBRUARY
Cornerstone acquires Saba
HR Path acquires InTalent
Onshift acquires Avesta
Inform sold to Koch Industries
Accurate Background acquires CareerBulder screening tool
JANUARY
Cornerstone acquires Clustree
Bullhorn acquires Herefish
Ceipal acquires Zoniac
2021 should also be an active year from an acquisition standpoint. I expect the larger players in the industry to continue to scoop up smaller players in their quest to provide an “all you can eat recruiting ecosystem” that tries to become your system of record.
Click here to see all the press releases from these mergers via hrtechfeed.com