November 3, 2017 – Investment dollars continue to pour into new technology designed to change the talent management game. Recently, talent solutions provider Allegis Group made a significant investment in people aggregator HiringSolved. The company will continue to operate as a separate, independent business, under founder Shon Burton.
HiringSolved’s mission is to make hiring better, faster and more human by applying intelligent automation to the recruiting process. Its approach enables recruiters to spend less time searching and analyzing information and more time communicating with candidates. The company’s software products increase recruiter productivity through automated job-to-candidate matching, predictive diversity search, social network mining and analysis, automated internal mobility analysis and seamless ATS, CRM and HRIS integrations. HiringSolved serves a wide range of customers, including Dell, GSK and Netflix.
“Today, hiring is a very manual process,” said Mr. Burton. “Recruiters spend their days manually searching for, reading and comparing resumes and social profiles, all while wrestling with slow, antiquated systems. This leaves little time for the most important aspect of recruiting, the human connection. HiringSolved exists to change this. We believe that by applying intelligent technology, we can make life better for both recruiters and job seekers.”
Private Equity Company Invests in WilsonHCG
Global talent solutions provider Wilson Human Capital Group Inc. (WilsonHCG) secured an undisclosed amount of funding from private equity firm CIP Capital. The investment enables WilsonHCG to accelerate global growth and strengthen its talent solutions and technologies.
Chris Hartman, global development officer at Allegis Group, said his firm invests in technologies that align with its core purpose of creating opportunity for its clients, candidates and employees. “HiringSolved’s capabilities are game-changing for our growth strategy and present great upward potential for enhancing how our industry engages the best talent required to get work done,” he said.
With more than $11 billion in annual revenues, Allegis Group provides businesses with a comprehensive suite of talent solutions. Its specialized group of companies includes: Aerotek, TEKsystems, Aston Carter, Allegis Global Solutions, Major, Lindsey & Africa, Allegis Partners, MarketSource, EASi, The Stamford Group and GettingHired.
Other investors continue to pour money into HR recruiting solutions. Here’s a look at some recent funding deals secured by these companies from the Hunt Scanlon Media archives:
ExecThread, a job-sharing network for executives and an aggregator of unpublished executive level job opportunities, has secured $6.5 million in an oversubscribed equity financing. ExecThread was created by CEO Joe Meyer to address shortcomings in the traditional executive search process that he says he witnessed as both a candidate and as a hiring manager.
Personio, the German HR management and recruiting platform, has raised $12 million (€10.5 million) in a series A round from investor Northzone. With the influx of new money, Personio is looking to push its software-as-a-service (SaaS) product in an effort to become the leader in the human resources software market for small and mid-sized companies across Europe.
Workey, the next-gen AI solution for career development and recruitment, has launched in the U.S. after closing an $8 million Series “A” funding round, led by PICO Partners and Magma VC. The funding was immediately put to use, with Workey opening an office in New York City and hiring for that location already underway.
YouEarnedIt, an SaaS company that is attempting to alter how companies drive employee engagement and bottom line performance metrics, recently closed $6.5 million in funding. YouEarnedIt can consolidate employee engagement initiatives into one, easy to use mobile platform.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media