Compana, a German provider of recruitment software solutions for the temporary staffing sector and other verticals with complex recruiting requirements, received an investment from The Riverside Company, a global private equity firm.
The amount of the deal was not disclosed.
The company will join forces with Riverside’s existing portfolio company GermanPersonnel, bringing together two e-recruiting businesses with a complementary skillset to drive innovation and growth.
GermanPersonnel is a SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. Its software automatizes the entire e-recruitment process while optimizing the most important aspects in e-recruiting – i.e. reach, candidate quality and time-to-hire.
Compana is a provider of software solutions for the temporary staffing sector. Its e-recruiting solution is based on proprietary CV parsing and proprietary matching technology.
Following the transaction both companies will remain independent and will retain responsibility for their brand, product development and values. The management teams, including managing directors Marco Kainhuber of GermanPersonnel and Axel Trompeter of Compana, will continue to lead their respective companies in the long term and remain shareholders of the business.
Riverside’s Michael Weber led the deal, supported by Matthias Fink, Principal, Florian Halama, Senior Associate and Bernd Starrock, Senior Finance Executive.