February 8, 2019 – Acquisitions continue to make big news in the executive search industry. Recently, San Francisco-headquartered Riviera Partners acquired New York-based technology-focused executive search firm Bamboo Talent. Financial details of the deal were not disclosed.
Riviera Partners said that its proprietary recruiting platform combined with Bamboo Talent’s vertical specialization and market-specific expertise will allow the combined entity to better serve a national client roster of innovative companies.
“Hiring the right technology leadership is increasingly difficult as demand grows for key individuals that can create value within organizations,” said Will Hunsinger, CEO of Riviera Partners. “This is particularly true in New York where some of the top technology organizations are expanding operations, traditional industries are pursuing digital transformation, and venture capital investment has seen unprecedented growth.”
“This is why it was so important to acquire Bamboo Talent which has an unmatched reputation within the New York City tech community,” he said. “Both Bamboo and Riviera are successful in this vibrant market and bring a strong record of performance, established relationships, deep insights and access to local talent.”
Founded in 2014, Bamboo Talent is recognized for building lasting relationships with candidates, companies and venture capital partners. The team at Bamboo has partnered with companies from their earliest funding rounds through every stage of growth. The firm has a broad network of relationships with seasoned engineering talent, CEOs, CTOs, founders, venture capitalists and talent partners.
“Everything that Riviera Partners does is focused on long-term relationships and client results, which is core to our sustainable recruitment ethos,” said Will Potter, co-founder of Bamboo Talent. “Riviera’s impressive track-record and deep insights will accelerate our ability to offer better experiences and results to both clients and candidates in the New York City market, while still living our values.”
New York Market
Bamboo recruiting experts have successfully placed top tech talent at a variety of impressive, New York-based companies including Datadog, MongoDB, Goldman Sachs, Etsy, ActionIQ, ClassPass, the New York Times, Glossier, Beeswax, Bread Finance, Frame.io, Namely, Cadre, and TrialSpark. Co-founders Will Potter, Glenn Murphy and Jon Peters will join Riviera veteran Jodi Jefferson.
Prosperity Found Among Recruiting Boutiques That Merge
One look at this year’s recruiting industry statistics reveals one clear trend line: double digit growth and expansion is taking place among the sector’s boutique specialists. Many of the firms have taken the more bold and audacious M&A route to achieve this.
Silicon Alley, as it is known, is the East Coast’s answer to Northern California’s Silicon Valley. It encompasses the New York City metropolitan region’s high technology industries involved in the Internet, new media, telecommunications, digital media, software development, biotechnology, game design, financial technology and other fields within information technology. Typically, the enterprises are supported by the entrepreneurship ecosystem and venture capital investments.
Riviera Partners is a global recruiting firm specializing in the technology industry. The firm provides clients with optimal placements by combining recruiter interactions and experience with data-driven findings about candidates. It has other offices in Palo Alto, Los Angeles and New York. The firm has recruited for key executive roles at Pinterest, Postmates, Tinder, Twilio and partnered with venture-backed concerns, including Andreessen Horowitz, Sequoia, Benchmark, Accel, Menlo Ventures, KPCB, Greylock and General Catalyst.
Last year, Riviera Partners named Mr. Hunsinger as its CEO. He has been part of the Riviera team for two years, serving as chief operating officer before his promotion. During that time, he has helped drive significant expansion of Riviera’s executive search practice as well as launching R (R Squared), Riviera’s marketplace for software engineering talent that combines data science, machine learning and recruiter curation to match talent.
“Riviera Partners has experienced significant growth over the past two years,” said Michael Morell, co-founder and managing partner of Riviera Partners. “Will’s leadership and operational expertise will allow us to capitalize on this momentum, continue scaling our business and ensure our recruiting professionals have the support and freedom to focus on exceptional service delivery to our clients.”
“Technology, data science and machine learning have the potential to transform recruiting and deliver an exponentially better experience for our clients and candidates,” said Ali Behnam, co-founder and managing partner of Riviera Partners. “Will’s vision for how to unlock that potential and his experience growing companies is exactly what we need to take Riviera’s talent platform to the next level.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media