September 15, 2020 – Recruiting software firm Jobvite has acquired talent analytics platform Talentegy. Financial terms of the deal were undisclosed.
The acquisition is an effort to help Jobvite customers improve the candidate experience, increase candidate conversions, and hire candidates faster using actionable insights drawn from real-time engagement data across a company’s existing HR Technology stack, including career sites, application processes and more, said Jobvite.
“For years, talent acquisition teams have struggled to leverage their data to improve recruiting outcomes,” said Aman Brar, CEO of Jobvite. “With the addition of Talentegy, our customers will be able to monitor the candidate experience, identify points of friction, and eliminate them in ways that significantly improve outcomes. We’re excited to join forces in a way that will further underscore the value of talent acquisition to every organization.”
Talentegy’s technology analyzes data on career sites and throughout a company’s various talent acquisition technologies (career website, ATS, CRM and more) to help analyze and identify candidate behaviors, content engagement, candidate exits and accurate applicant sources.
“Companies need an easier way to use their talent data to drive meaningful results without having to spend countless hours manually compiling and analyzing it,” said Dwaine Maltais, CEO of Talentegy. “We’re excited to join the Jobvite team so that we can continue to help organizations of all sizes bring their disparate talent data together to generate a clearer vision of their talent program performance and optimization opportunities.”
Customers can leverage the Talentegy solution as a standalone product or purchase it as an add-on to Jobvite’s current Analytics offering. Jobvite will also incorporate Talentegy product capabilities into its EVOLVE Talent Acquisition Framework, an end-to-end roadmap that helps talent acquisition leaders identify strengths and opportunities for improvement across their people, processes and technologies.
“This is great news for the industry,” said Madeline Laurano, founder and chief analyst of Aptitude Research Partners. “Talentegy is an innovative product that gives new depth of insights into the candidate experience. This is a great addition to Jobvite’s already robust data analytics capabilities.”
In August, Jobvite acquired the artificial intelligence and data science team of Predictive Partner. Morgan Llewellyn, CEO of Predictive Partner, will serve as Jobvite’s chief data scientist and oversee a team leveraging AI through automation, predictive analytics, data science, machine learning, natural language processing and optical character recognition.
“As the first provider to introduce both machine vision to generate ‘Magic Resumes’ and candidate de-identification technology to reduce screening bias in chat transcripts, we understand the potential AI holds for talent acquisition professionals,” said Mr. Brar. “The addition of Morgan and the Predictive Partner team to our ranks will help our customers derive even more value from the Jobvite talent acquisition suite.”
“By weaving native AI into all aspects of our software, we will deliver more than mere features—we will deliver the future of smart automation, intelligent messaging, candidate matching and data-driven hiring decisions for talent organizations of all sizes,” Mr. Brar said.
New Diversity Offering
Jobvite also recently expanded its diversity and inclusion offering to help companies build stronger teams and foster lasting change. “The challenges of diversity and inclusion cannot be solved by technology alone,” said Mr. Brar. “Our approach provides a mix of services and technology to help our customers address the impact of conscious and unconscious bias in the recruiting process. D&I is a journey, and we look forward to helping our customers identify more candidates from underrepresented communities and deliver more success stories that showcase the strength in diversity.”
Jobvite will partner with customers to further evolve its D&I offering to ensure it results in the long-term changes organizations are seeking. “The challenge facing our generation of talent acquisition leaders and technologists has never been clearer,” said Mr. Brar.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media