Recruitment marketing platform Talemetry has been acquired and will become part of a larger talent acquisition platform.
K1 Investment Management announced a majority investment in Jobvite, the industry leader in best-of-breed recruiting software. At the same time, K1 and Jobvite also announced three major acquisitions: Richmond, B.C.’s Talemetry, employee referral platform RolePoint, and text-based conversational recruiting company Canvas.
According to the announcement, the combination of forces 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, totalling 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 Lenovo, PayPal, and Panasonic.
This merger rapidly accelerates the companies’ product development roadmaps and the integration of their customer solutions.
Talemetry was founded in 1999 by recruitment industry pioneer Jade Bourelle as one of the first applicant tracking systems, built from the ground up to be delivered as a cloud-based system. As the recruiting industry evolved, the company developed specialized technology for resume parsing, resume search, and job posting.
The purchase price of Talemetry was not disclosed but Bourelle told Business in Vancouver that it was in the nine-figure range.