Talemetry, a Vancouver-based recruitment marketing platform, has been acquired by K1 Investment Management, a U.S. enterprise software private equity firm.
The acquisition is part of a US$200 million ($266 million) deal that includes K1’s buy of three other technology companies focused on the recruitment industry.
They include San Mateo, California-based recruiting software provider Jobvite.
The companies will be combined to form an end-to-end candidate-centric software platform serving hiring teams.
Founded in 1999 and led by CEO Jade Bourelle, Talemetry provides solutions that help enterprises manage the marketing of their open jobs across all channels. It serves more than 140 clients, with over 550,000 jobs marketed annually.
Vancouver-based Talemetry Acquired by Leading Investment Firm, K1 Investment Management, as Part of USD $200M Deal to Transform Enterprise Recruitment
Talemetry joins Jobvite, RolePoint, and Canvas to become the industry’s only end-to-end candidate-centric software platform
Vancouver, BC, February 14, 2019 – Talemetry, the leading enterprise recruitment marketing platform, today announced that it, along with three of the recruitment industry’s most innovative companies, has been acquired in a USD $200M deal with K1 Investment Management, a leading U.S. investment firm focused on global high-growth enterprise companies. Talemetry joins Jobvite, an industry-leader in best-of-breed recruiting software, RolePoint, the first enterprise-ready employee referral platform, and Canvas, the industry’s only text-based conversational recruiting company. This new combination enables hiring teams, for the first time, to source, engage, hire, onboard, and retain top talent with one end-to-end platform.
“We are incredibly excited to join this group of companies, and are thrilled for what this means for our employees, our platform, and most of all, our customers,” said Jade Bourelle, CEO of Talemetry. “Not only will we continue to provide an outstanding enterprise recruitment marketing platform, but we can also realize our company’s vision and potential at a larger scale, and increase our ability to enable global organizations to find, attract and nurture candidates across the talent journey.”
With the global shortage of talent as a top risk factor facing organizations today, hiring teams must continue to optimize their recruitment strategies, processes and technologies in order to navigate the complex hiring landscape. The strategic value of recruiting is growing rapidly, which is why Talemetry is focused on getting the right people to apply for the right jobs by delivering results-based recruiting strategies and extending the reach for talent.
Leading organizations depend on Talemetry to provide a solution that manages the marketing of their open jobs through all channels. Currently, Talemetry serves hundreds of clients including Air Canada and 7 of the Fortune 100 – supporting nearly 10,000 users, managing 35 million annual career site visitors, with more than 550,000 jobs marketed annually. The company collaborates with major industry technology partners like Google Cloud Talent Solution, Indeed, and an entire partner ecosystem to provide companies with the latest integrated solutions, resources and technologies.
The merger of these companies, brings together 400+ employees, and more than 2,000 customers, including many enterprise companies within the Fortune 500. This newly announced merger accelerates the development and integration of customer offerings across each of the companies. Talemetry will continue to expand customer capabilities, service customers to the highest levels, and extend the reach of operations globally.
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 Talemetry, Canvas, and RolePoint, will offer our combined customers the most comprehensive solutions, knowledge, and services available in the market.”
As a Vancouver-based tech company, Talemetry will continue to heavily invest in its teams based in Vancouver and Kitchener/Waterloo, with plans to grow by 40% in 2019. “We will continue to hire the very best and the brightest talent in our communities and invest in our combined organization for the future,” added Bourelle. “This really is an exciting time to be part of 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.
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.
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
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 (www.k1capital.com) 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, Certify, Checkmarx, Chirotouch, Granicus, IronScales, Litera Microsystems, RFPIO, Smarsh and Workforce Software.