11/02/2019 23:12:36

K1 Invests Over $200 Million in Jobvite to Create Market-Leading Talent Acquisition Platform

SAN MATEO, Calif., Feb. 11, 2019 (GLOBE NEWSWIRE) -- K1 Investment Management today announced a majority investment in Jobvite, the industry leader in best-of-breed recruiting software. K1 and Jobvite also announced three major acquisitions: Talemetry, the award-winning recruitment marketing company, RolePoint, the leader in employee referral and internal mobility, and Canvas, the industry’s only text-based conversational recruiting company. For the first time, this combination enables hiring teams to source, engage, hire, onboard, and retain top talent with one end-to-end platform – delivering a unified candidate experience.

This unique set of investments, totaling more than $200 million, brings together Jobvite and three of the recruiting industry’s most innovative companies, resulting in more than 2,000 customers, including Fortune 500 enterprises such as Schneider Electric, Lenovo, Santander, PayPal, Genuine Parts, and Panasonic. This merger rapidly accelerates the companies’ product development roadmaps and the integration of their customer solutions. In addition, the combined companies will continue to meet existing client needs, including all system integrations as well as maintaining all operations globally.

Today, with more jobs in the United States than there are people to fill them — and unemployment at its lowest rate in 50 years (4.0%) — companies are in a war for talent. The strategic value of recruiting is growing rapidly, as business leaders recognize the impact of talent acquisition on the bottom line. With this dramatic shift in the importance of recruiting top talent, particularly skilled labor and STEM workers, companies are demanding increasingly advanced technology to address every stage in today’s complex hiring landscape.

K1’s investments in these four best-of-breed recruiting companies accelerate Jobvite’s mission to create the industry’s only end-to-end, candidate-centric software platform. The company’s combined set of solutions and services will set a new bar for the candidate experience — driving engagement from the very first interaction, to the first day on the job, and to the next promotion.

Dan Finnigan, Jobvite CEO, will lead the combined company. “Our focus is to help leading companies win top talent and build the best teams with an award-winning candidate experience,” said Finnigan. “K1 provides unparalleled SaaS expertise and vast resources that, in combination with these four trailblazing companies, will offer our customers the most comprehensive solutions, knowledge, and services available in the market.”   

“This is big news for the talent acquisition industry. With the backing of a major growth equity partner like K1 Investment Management, Jobvite has an immense opportunity ahead – as evidenced by the immediate acquisition of three differentiated recruiting solutions,” said Kyle Lagunas, IDC Research Manager for Talent Acquisition and Staffing. “This newly extended suite sets them apart among other recruiting platforms with an enterprise-grade solution that positions them well in the broader talent acquisition category.”

“Whether a client is augmenting its existing HCM or ATS system with Talemetry, RolePoint, or Canvas or selecting an end-to-end platform with Jobvite, the new combined company has a solution to meet its unique needs,” says Jade Bourelle, Talemetry CEO.

K1 made a majority investment in the company while existing shareholders, including the companies’ founders and Catalyst Investors, a New York-based growth equity firm, will retain a minority interest.

“We are excited to be investing in such an innovative set of technologies,” says Ron Cano, Managing Partner at K1 Investment Management. “The talent acquisition industry is critical to our economy and ripe for disruption with outdated software still prevalent. K1’s investment will create the only true end-to-end talent acquisition platform and will provide our customers with accelerated growth in innovation of product features and services.”

About Jobvite

Jobvite is leading the next wave of recruitment innovation with Continuous Candidate Engagement (CCE), a candidate-centric recruiting model that helps companies engage candidates with meaningful experiences at the right time, in the right way, from first look to first day. The Jobvite Platform infuses automation and intelligence into today’s expanded recruiting cycle to increase the speed, quality, and cost-effectiveness of talent acquisition. Focused exclusively on recruiting software since 2006 and headquartered in San Mateo, Jobvite has thousands of customers including LinkedIn, Premise Health, Zappos.com, and Blizzard Entertainment. To learn more, visit www.jobvite.com or follow us @Jobvite.

About Talemetry

Talemetry (www.talemetry.com) is Recruitment Marketing Results. Simplified.™ We combine our enterprise-grade Talemetry® recruitment marketing platform with tools, training and support to make recruitment organizations and professionals successful. Talemetry gets the right people to apply for the right jobs by delivering results-based attraction strategies and extending reach for talent. Our solutions optimize operations, drive ROI and deliver client success. Finally, a recruitment marketing platform powerful enough to deliver results, and easy enough to leverage across enterprise organizations.

About RolePoint

RolePoint was founded to revolutionize how talent is identified, acquired and retained in the enterprise. RolePoint's platform was built on the philosophy that referrals can become the principle source of hiring across an organization, holding the key to better-fit, higher performing employees. Our product is the result of one of the most comprehensive development, evaluation and feedback processes undertaken for a social hiring technology. The ability of RolePoint to intelligently engage and build high-quality candidate pipeline is driving hiring across an extensive range of forward-thinking clients and industries. For additional information, visit our Learning Hub at learn.rolepoint.com

About Canvas

Canvas is the first text-based intelligent interviewing system that empowers organizations and recruiters to screen more job candidates and market employment brands. Canvas leverages machine learning to empower highly scalable human-to-human conversations and automate top-of-funnel candidate screening. This enterprise-grade software platform, which is also available as an iOS and Android mobile app and Chrome Extension, enables recruiters to better reach today’s talent generation. Canvas is available through a subscription-based model and is scalable for companies of all sizes and in all industries. For more information, visit www.gocanvas.io and follow Canvas on Facebook, Twitter, Instagram and LinkedIn.

About K1 Investment Management

K1 is a leading investment firm focusing on high-growth enterprise software companies globally. K1 seeks to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that position its companies as industry leaders. K1 typically invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. K1’s investments vary in the level of ownership in order to meet the needs of entrepreneurs and managers. Representative past and present portfolio companies include industry leaders such as Apttus, Buildium, Clarizen, Certify, Checkmarx, ChiroTouch, Granicus, IronScales, Litera Microsystems, RFPIO, Smarsh and Workforce Software. For more information about K1, please visit www.k1capital.com or https://www.linkedin.com/company/k1im.

Contact

LaunchSquad for Jobvite

Jobvite [at] launchsquad [dot] com

415-625-8555

JobviteLogo.jpg

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
17 Feb
VWS
  Jeg har nu haft lidt tid til at læse det seneste årsregnskab fra Vestas. Jeg har forsøgt at opsumm..
61
13 Feb
VELO
Her er nogle spørgsmål som jeg ønsker besvaret. Håber i andre vil bidrage med flere spørgsmål som JP..
24
15 Feb
VELO
Jeg kan se på FB-gruppen at er der en diskussion omkring præparatet fra Hansa Medical det evt. ramme..
19
19 Feb
FING-B
Så lukkede FPC over den gamle modstand i dag i 19,55 modstanden var 19,47 og næste stop er nu 21,786..
18
15 Feb
VELO
Jeg har solgt mine Veloxis-aktier, for der er nogle mekanismer i stigningerne i både Chemometec og i..
18
18 Feb
VWS
VESTAS LEADS BREAK-AWAY GROUP OF ONSHORE TURBINE MAKERS (fra 16% til 22% af det totale marked for la..
17
18 Feb
PNDORA
Det er netop kommet frem, at tyske BAFIN, svarende til Finanstilsynet i Dk., har forbudt short posit..
17
18 Feb
CHEMM
Puha, ja hvad venter vi nu på,…… vi trofaste og frelste Chemo aktionærer, Noten, den romantiske og ..
15
19 Feb
VELO
Til dem af jer der ikke er med i FB gruppen: Canada havde, sammen med US, lukket i går. Teorien er, ..
14
18 Feb
VELO
Sjovt at se dem der hårdnakket har påstået, at de er langt også er dem der sælger. Samme personer de..
14

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

Related news
22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
CryptoBlockCon Announces Full Slate of 2019 Events Designed to Connect Blockchain Experts
2
Hillcrest Labs and LG Renew License for Smart TV Technology
3
Exantas Capital Corp. to Report Operating Results for Fourth Quarter 2018
4
The Madison Square Garden Company Announces Iliza Shlesinger Has Been Added to the All-Star Lineup of Garden of Laughs, Presented by Delta Air Lines
5
ACETO Announces Proposed Sale of its Chemicals Business Assets to New Mountain Capital for $338 million

Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 February 2019 10:19:07
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20190215.1 - EUROWEB2 - 2019-02-20 11:19:07 - 2019-02-20 10:19:07 - 1000 - Website: OKAY