Jobvite, a San Mateo, CA-based recruiting software provider, received an over $200M majority investment from K1 Investment Management.
With the trasaction, existing shareholders, including the companies’ founders and Catalyst Investors, a New York-based growth equity firm, will retain a minority interest.
The company also announced three major acquisitions:
– RolePoint, and
This combination aims to enable hiring teams to source, engage, hire, onboard, and retain top talent with one end-to-end platform – delivering a unified candidate experience. The merger results in more than 2,000 customers, including Fortune 500 enterprises such as Schneider Electric, Lenovo, Santander, PayPal, Genuine Parts, and Panasonic, accelerates the companies’ product development roadmaps and the integration of their customer solutions.
Dan Finnigan, Jobvite CEO, will lead the combined company, which includes:
- Jobvite, a Continuous Candidate Engagement (CCE) platform used by thousands of customers including LinkedIn, Premise Health, Zappos.com, and Blizzard Entertainment.
- Talemetry, an enterprise-grade recruitment marketing platform to get the right people to apply for the right jobs by delivering results-based attraction strategies and extending reach for talent.
- RolePoint, a platform that intelligently engages and builds high-quality candidate pipeline to drive hiring across an extensive range of forward-thinking clients and industries.
- Canvas, a text-based intelligent interviewing system that allows organizations and recruiters to screen more job candidates and market employment brands by leveraging machine learning.