October 19, 2022 – Paycor HCM Inc., a human capital management (HCM) software provider, has acquired Talenya, an artificial intelligence-driven recruitment platform. The financial terms of the deal were not disclosed. The Talenya platform will allow Paycor clients to reduce time to fill critical roles by providing both candidates actively looking to change jobs and passive candidates who are not actively looking for a new role. Additionally, the platform will help companies implementing against their DEI strategy by focusing on diverse candidates who are often overlooked by traditional recruitment systems.
“Given the importance of hiring and retaining the best talent in this highly competitive job market, Paycor is dedicated to giving leaders the technology and experience they need to develop winning teams,” said Raul Villar, CEO of Paycor. This AI-powered technology will improve an industry-leading talent solution, making it easier for frontline leaders to proactively find skilled and diverse talent quickly and cost-effectively. We are delighted to welcome Talinya into the Paycor family.”
“Finding, interviewing and hiring qualified candidates quickly is one of the biggest challenges facing our customers today,” said Swati Garodia, Chief Strategy Officer at Paycor. “Talenya’s Virtual Recruitment Company will enable our frontline client leaders to attract, assess and hire top talent faster, so they can focus more time on leading, training and engaging their teams. Recruiting with AI is another strategic differentiation of our platform and another example of how we can continue Paycor in HCM’s Modern Change to the Cloud”.
“We are proud of what the Talenya team has accomplished in the past few years,” said Gal Almog, co-founder and CEO of Talenya. “We are thrilled to join forces with Paycor, the leader in HCM, and help leaders find and hire the right talent in a more efficient way. Paycor, with its unique focus on frontline leaders, is the perfect partner to help us drive growth and expansion.”
Paycor expects to begin offering an integrated solution in the first quarter of 2023.
Recent acquisitions
Acquisitions and mergers continue to make news in the hiring industry, with a number of notable purchases in recent months. Here is a sample of Hunt Scanlon Media Archive:
Arthur J. Gallagher & Co. acquired. , one of the world’s largest consulting and risk management firms, has acquired global human resources research firm Frederickson Partners. Frederickson Partners has locations in dozens of cities across the United States, including San Francisco, New York, Dallas, Chicago, Los Angeles, and Nashville, and also serves global technology centers in London, Berlin, Paris, Mexico City, Bogota, Seoul, and Sao Paulo. Founder Valerie Fredrickson and her team will continue to work under the direction of Scott Hamilton, Global General Manager, HR Consulting and Compensation for Gallagher’s employee benefits advisory and benefits operations. “Frederickson Partners will expand Gallagher’s executive search capabilities across all industries and provide us with significant opportunities for collaboration and growth,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am very excited to welcome Valerie and her team to our growing global company.”
Diversified Search Group (DSG), a leading search firm backed by private equity firm ShoreView Industries, has been acquired. Alta Associates, a research firm based in Flemington, NJ founded by Joyce Brocaglia that specializes in cyber security, IT risk management, and Data privacy. Hunt Scanlon Ventures, headquartered in Greenwich, Connecticut, has facilitated the application process and transactions between the two institutions. “This is a strategic acquisition that will add significantly to our business offerings in a key area that touches every client we serve,” said Eileen Alexander, CEO of Diversified Research Group. “Cyber security, data privacy and resiliency are top priorities for boards of directors and senior leadership in every sector of our economy.
Excel Sports Management, an industry-leading sports agency, has agreed to acquire executive sports and entertainment search firm Nolan Partners.. London-based Nolan Partners will continue to lead CEO Paul Nolan and President Chad Biagini while operating as a new segment within Excel’s real estate division. Primarily focused on senior executive and board roles, Nolan Partners works on a global basis with clients ranging from sports teams, governing bodies, professional leagues, venues, agencies, broadcasters and other corporate organizations in the sports field. The company also has a performance practice focused on recruiting General Managers/Athletic Directors, Sports Medicine, Sports Science, and Recruitment Specialists.
New Jersey-based True Haddonfield, a global executive talent management platform, has acquired Hobbs & Towne, Inc. (HTI) Executive Research in Climate Technology and Sustainability. Led by Andy Towne and Bob Hobbs, HTI will continue to serve its customers and provide a greater range of capabilities under True. True, one of the fastest growing search companies in the last decade posted global revenues of $116.5 million last year. The company ranked seventh in Hunt Scanlon’s Top 25 Rankings. Hobbs & Towne ranked No. 24 and crowned the fastest growing search company of the year, posting a growth rate of 59 percent.
ZRG Partners, a leading search firm backed by private equity firm RFE Investment Partners, has acquired boutique strategy consulting firm Brimstone Consulting Group LLC. The financial terms of the deal were not disclosed. “The complementary nature of our business has made Brimstone an obvious partner to ZRG, as we continue to expand our portfolio of talent advisory solutions,” said Larry Hartmann, CEO of ZRG. “Further ensuring the success of the new CEO through the proven Brimstone process will create a new model for CEO transitions.”
Korn Ferry has entered into a definitive agreement to acquire Lucas Group. “This combination is the right step at the right time,” said Korn Ferry CEO Gary D. Burnison. “Today’s workplace is changing before our eyes – people work anywhere, everywhere, at any time. Professionals are on the move. Newborns are retiring, and career nomads are looking for change – early and often. We are taking this opportunity to help clients find The right talent who are highly flexible with specialized skills and experience to help them achieve superior performance.”
Related: Hunt Scanlon Media has launched an M&A advisory service for recruiters
Contributed by Scott A. Scanlon, Editor in Chief; D. M. Zubsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media
