The TA tech market is not slowing down even during the dog days of summer.
My latest blog in the countdown to #HRTechConf focuses on acquisitions. Just a few weeks ago, I was wondering if we would see any big announcements this month, and then, three major (and surprising) acquisitions were announced. Acquisitions are a natural part of any industry. Providers are looking for partners to help expand their global footprint, customer base, or product portfolio. And, sometimes, they are just simply about revenue. In 2020 and 2021, conversational AI, automation, analytics, video, and branding drove many of these decisions. Each of the acquisitions below enhanced the capabilities of the providers and offered customers more capabilities across TA.
Some of the acquisitions from the past two years include:
iCIMS– Candidate.ID and AltrulabsGreenhouse– IntersellerBeamery – FluxParadox– Traitify, SpetzJobvite– Predictive Partner, Talengy, NXTThingSmartRecruiters– JobpalWorkday– PeakonPhenom– MyAlly, Endouble, TalentcubePandologic– Wade & Wendy
This month, acquisitions look a little different. Some were a last-ditch effort to stay afloat, and others were a doubling down of similar solutions.
Here are my initial thoughts about some of the most recent acquisitions:
Employ (owned by private equity firm K1 Investments) announced the