Dec 18, 2020
Recruiting Technology headlines
Im chris russell here are your top 5 rec tech headlines for the week of Dec 13th
Talent Inc., a recruitment services and resume-writing company based in New York, has been sold. Sources told the AIM Group that BV Investment L.P., a Boston-based investment company that focuses on business services and information technology, bought the business for a nine-figure amount.
Talent Inc. was founded in 2014 as a resume writing service, and has grown to offer related services. Its brands include Top Resume, Top CV, Top Interview and ResumeRabbit. It uses a network of freelance, contract and staff writers, including a team based in South Africa, to produce resumes and CVs for job-seekers.
Appcast, a global leader in programmatic recruitment advertising technology and services, today announced the public launch of Appcast Premium, a comprehensive enterprise managed service for optimizing a company’s entire digital job advertising program. Appcast Premium combines Appcast’s innovative programmatic technology with its team of experts in recruitment advertising to provide complete coverage across all leading job sites, helping companies find qualified people quickly.
Appcast Premium programmatic technology ensures that job ads are placed with the sources most likely to deliver qualified candidates and helps to fill the recruitment pipelines for every open job. It provides full visibility into how job ads are performing with customized, in-depth reporting that provides actionable insights. Reporting is available both on-demand and via monthly performance reviews.
Appcast’s technology seamlessly integrates with a company’s ATS to track each applicant through the recruitment process to the point of being hired. This ensures that recruitment advertising is constantly optimized to provide the best possible candidates at the best possible cost per hire. Appcast Premium also offers the benefits of a single vendor – customers receive one bill each month for all job advertising charges across hundreds to thousands of job sites. Employers pay only when a candidate submits an application.
Turing.com, an automated platform that lets companies hire Silicon Valley caliber remote developers at the touch of a button, announced today a $32-million Series B funding round led by $3.3-billion fund WestBridge Capital. The round includes a number of high-profile investors, such as Foundation Capital, which led Turing’s seed round. Altair Capital, Mindset Ventures, Frontier Ventures, and Gaingels also participated in the Series B round, which was heavily oversubscribed.
Driven by the massive global shift to remote work, Turing taps into a global pool of developers to help companies hire in markets such as the San Francisco Bay Area, aka “Silicon Valley” and New York, where it is difficult and expensive to hire and retain top software engineers. Turing rigorously vets developers for a Silicon Valley bar.
Turing has accomplished dramatic growth over the past year — growing by 17X in the last 14 months, from $700K to almost $12 Million. The company has 180,000 developers signed up on the platform and counts several high-profile Silicon Valley technology companies as customers. The global pandemic has forced companies to become remote-first and remote-friendly, which has opened up gigantic global talent pools to recruit from.
Phenom, the global leader in Talent Experience Management (TXM), today announced its acquisition of Endouble, an Amsterdam-based company known for enhancing the candidate experience across Europe. The deal expands Phenom’s regional presence and adds technical expertise — while strengthening customer onboarding and adoption of TXM.
Endouble previously operated under RGF Staffing — a leading global HR service provider. With nearly 15 years of experience working with many high-profile brands, Endouble has made it their mission to take a data-driven approach to candidate attraction and recruitment strategy.
“With our second acquisition in three months, we’re growing our presence and talent across Europe,” said Mahe Bayireddi, CEO and co-founder of Phenom. “We’re excited to begin working with Endouble’s customers, as they’ve already demonstrated a commitment to candidate experience that resonates with us. Introducing AI and automation to European HR teams will quickly help them increase productivity and unlock innovative experiences for recruiters, employees, and hiring managers.”
iCIMS, the Talent Cloud company for recruiting, today announced the acquisition of mobile video platform, Altru Labs. This acquisition further expands iCIMS’ market innovation and leadership with interactive employee-generated content that changes career sites from static to dynamic sources of engagement and interactivity. Now, iCIMS customers can showcase their brand identities with employee-created videos that improve candidate conversion, engage internal talent, and increase hiring ROI.
“I’m excited for our customers to see firsthand how Altru’s innovative storytelling technology can transform how they engage world-class talent with compelling, user-generated video content,” said Steve Lucas, CEO of iCIMS. “Together, we’re offering a robust solution that the market has never seen before during a time that it’s needed most. We’re leaning in on technology that is critical to HR transformation and modern talent acquisition, and are thrilled to deliver the next generation of digital talent engagement.”
Altru is a mobile-first video platform that empowers employee-generated storytelling to enhance the candidate, employee, and recruitment marketing experience. Based in New York, Altru delivers a mobile-first platform that enables organizations like Target, PwC, Intuit, L’Oréal, and Box to create and nurture authentic relationships with their candidates by producing content driven by audience intent.
With the acquisition of Altru, iCIMS customers will have the ability to easily capture, edit, brand, approve, and distribute employee-generated video content to use on corporate websites and social media, as well as through email and text campaigns. Similarly, Altru’s customers – enterprise companies leading the world’s digital transformation – can seamlessly plug into the Talent Cloud to more effectively attract, engage, hire, and advance world-class talent.