Talemetry acquired by US investment firm in $200M USD three-company merger

Talemetry

Vancouver-based recruitment company Talemetry today announced that along with three other companies in the recruitment industry, it will be acquired in a $200 million USD deal with K1 Investment Management, a US investment firm focused on global high-growth 
enterprise companies. K1 Investment’s aim is to build a parent company of talent recruitment in order to corner the market.

“Our focus is to help leading companies win top talent and build the best teams with an award-winning candidate experience.”

Talemetry will join California-based recruiting software Jobvite, enterprise-ready employee referral platform, RolePoint, and Canvas, a British text-based conversational recruiting company, as part of the acquisition. Jobvite’s CEO, Dan Finnigan, will lead the combined company, while Talemetry CEO Jade Bourelle, meanwhile, told Business in Vancouver he plans stick to around Talemetry “for the long haul.”

“We will continue to hire the very best and the brightest talent in our communities and invest in our combined organization for the future,” said Bourelle. “This really is an exciting time to be part of Talemetry.”

Talemetry serves clients like Air Canada and Office Depot, and supports nearly 10,000 users, managing 35 million annual career site visitors, with more than 550,000 jobs marketed annually. This new combination enables hiring teams, in order to source, engage, hire, onboard, and retain top talent with one end-to-end platform. Talemetry collaborates with major industry technology partners like Google Cloud Talent Solution and Indeed.

Related: Luminari raises $845,000 in seed round for CPA career management platform

The merger will bring together over 400 employees, and more than 2,000 customers, including many enterprise companies within the Fortune 500. Talemetry said it will continue to expand its customer capabilities, service its customers, and extend the reach of operations globally.

“Our focus is to help leading companies win top talent and build the best teams with an award-winning candidate experience,” said Finnigan. “K1 provides unparalleled SaaS expertise and vast resources that, in combination with Talemetry, Canvas, and RolePoint, will offer our combined customers the most comprehensive solutions, knowledge, and services available in the market.”

Talemetry said it will continue to heavily invest in its teams based in Vancouver and Kitchener-Waterloo, with plans to grow by 40 percent in 2019.

Image courtesy Talemetry.

Isabelle Kirkwood

Isabelle Kirkwood

Writer, globetrotter, drone pilot & David Attenborough enthusiast