Aug 27, 2021
Job.com, the data-driven, AI-powered recruitment platform, announced today the acquisition of two established staffing firms: Fortus Healthcare Resources, which specializes in the direct and travel placement of healthcare professionals with an emphasis on nursing, and Endevis, which offers permanent recruitment services, contract staffing, and recruitment process outsourcing (RPO) to clients in the automotive, commercial, and manufacturing sectors, among others.
Together, the two businesses add more than $50 million of annual revenue to Job.com. The acquisitions are part of Job.com’s strategic plan to develop its revenue and reach by acquiring businesses that are already successful and profitable but have the potential to grow quickly and more intelligently through the application of Job.com’s proprietary technology.
https://hrtechfeed.com/job-com-acquires-two-staffing-firms/
In a possible sign of things to come for many HR tech vendors, iCIMS, the talent cloud company, has announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock.
The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. iCIMS intends to list its common stock on the Nasdaq Stock Market under the ticker symbol “TLNT”.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: Morgan Stanley---no word on a date yet for the stock launch.
https://hrtechfeed.com/icims-files-for-ipo/
Paradox, the conversational recruiting software helping global brands like Unilever and McDonald’s simplify hiring through automation with a human touch, announced today the acquisition of Traitify — the world’s fastest, mobile-first assessment platform. Terms of the deal were not disclosed.
Unlike traditional assessment technology, Traitify was built to be fast, visual, and mobile-first — increasing assessment completion rates to more than 96%. On average, candidates can finish Traitify’s visual-based assessment in less than two minutes, generating insight on their own personality and helping employers better predict the candidate’s suitability for the role.
https://hrtechfeed.com/paradox-acquires-traitify/
Knoetic, a startup “built with Chief People Officers, for Chief People Officers,” emerged from stealth today, announcing an $18M Series A round of funding led by Accel. Over 100 angel investors also participated in this round...
Chief People Officers use Knoetic to build their board decks, present data to their CEOs, solve challenges with peers, and improve their employee retention, compensation, and hiring.
https://hrtechfeed.com/knoetic-secures-18m-series-a-for-people-analytics-platform/
Workstream, a hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, today announced it has raised $48 million in Series B funding. This announcement comes on the heels of the company filling more than 18,700 jobs, which represents more than 2.5% of total private jobs added, in July 2021.
Workstream was founded in late 2017 to give the deskless workforce a better hiring experience. Its text recruiting platform automates how local businesses source, screen and onboard candidates, saving hiring managers 70% of time on hiring.
https://hrtechfeed.com/workstream-raises-48-million-series-b-for-hourly-worker-platform/