October 24, 2017 – Investment dollars continue to pour into new technology designed to change the talent management game. Recently, 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.
“We are very excited to announce our partnership with CIP Capital,” said John Wilson, CEO of WilsonHCG. “It will provide us with the capability to continue focusing on innovation, while further strengthening WilsonHCG’s position around the world. CIP Capital shares a unique commitment to growth, partnership and people – highly similar to our vision here at WilsonHCG – making the decision to join forces both easy and exciting.”
Bobby Kelly, managing director of CIP Capital, said his group was looking forward to partnering with the talent management firm. “WilsonHCG has developed a highly differentiated offering in the recruitment process outsourcing and outsourced talent solutions market, enabling companies to efficiently solve the increasingly difficult and critical task of finding and retaining employees,” he said. “John and his team have created a culture of unwavering dedication to customer service while assisting clients across a broad range of talent acquisition needs.”
Equity Firms Continue Investment In HR Technology
CoreHR, a provider of cloud-based human capital management and payroll software, has received an investment from JMI Equity, a growth equity firm focused on investing in software and services companies, and JMI Services LLC, which is the family investment company of John J. Moores.
Based in Tampa, FL,WilsonHCG specializes in recruitment process outsourcing, talent consulting and executive search. It has more than 700 employees serving clients across six continents and 37 countries.
In June, WilsonHCG added Jonathan Edwards to its leadership team as vice president of executive search. He is responsible for leading the organization’s global executive search efforts, talent development and continuous process improvement to cultivate the company’s global offering. Mr. Edwards is an executive search and talent acquisition strategist with over 11 years of recruitment consulting and analyst experience.
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.
Talent acquisition platform SmartRecruiters recently raised $30 million in series C financing, led by Insight Venture Partners. The company plans to leverage the additional capital to sustain its rapid growth, accelerate its global market presence, and continue to invest in its product footprint to serve the needs of the more than 5,000 enterprise companies.
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