I have tracked at least 40 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 24 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.
The Rec Tech Acquisitions of 2020
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Jobvite's VP of Marketing Matt Singer on the new Investment & Acquisitions
In February, K1 Investment Management announced a majority investment in Jobvite, the industry leader in best-of-breed recruiting software. On today’s podcast we’ll discuss that news and more with Matt Singer, VP of Marketing.
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RecTech Headlines for August
Here's your summer fix for all thats new in recruiting technology land.
Upsider is a new sales rep matching tool for employers and candidates. Link via ERE.
FOR SALE: Profitable Midwest based local job board is up for sale. View details.
HourlyNerd, the Boston-based online freelancer marketplace startup that recently landed $22 million in venture funding from investors including Dallas Mavericks owner Mark Cuban, announced that it has rebranded to “Catalant.” The name is a combination of the words “catalyst,” “brilliant,” and “talent,” according to a release. Link.
Workday acquires Platfora to help it improv its analytics. Link.
Drafted launched the second version of its app earlier this year, letting people browse through job listings, see if they have any mutual connections to a job they want and request an intro to the hiring manager through any mutual connections. Sources say they are planning to open it up to more companies outside of Massachusetts this fall.
The startup has raised $2.5 million so far from several investors, including General Catalyst Partners, Accel Partners, Paul English’s Blade startup accelerator and Boston Syndicates. It has six employees. Link.
Mya, an AI platform from FirstJob, aims to make sure no applicant goes into the void—and no recruiter has to wade through a sea of resumes. Interesting to see how these guys have pivoted and are trying to take advantage of the “chatbot gold rush” Link.
Snagajob says they are looking for more stuff to acquire. If your tool targets hourly employees you might want to give them a call. Link.
Company in Denmark creates a Job title extractor. Check it out https://goodwin.relinklabs.com
Indeed launches JobSpotter app for retail businesses. Designed for people to take pics of we’re hiring signs in store windows. Link.
AfterCollege buys Cross-Post and is making it part of Recruitology, a service that launched for employers earlier in the year. Here is a link to the press release:http://www.prweb.com/releases/2016/07/prweb13533921.htm
Bumble Bizz app: the popular swipe-based dating app understands this, so is launching a feature to help users temporarily set aside dreams of love so they can match with someone who may help them advance their career. Link.
CornerJob only closed its $10 million Series A in February. But the Barcelona-based jobs marketplace, one of several which focuses on low-skill, high-turnover recruitment via a smartphone messaging app, is now announcing a $25 million Series B funding round — meaning it’s already raised a total of $35M in less than a year. Link.