SAP introduced Friday that it has reached an settlement to accumulate recruiting software program firm SmartRecruiters.
In a press launch, the European software program large mentioned that SmartRecruiters “highly effective, user-friendly interfaces and seamless workflows” will complement SAP’s current HR instruments.
Muhammad Alam, the SAP government board member who leads product and engineering, mentioned in an announcement that with this acquisition, “Clients will be capable of handle all the candidate lifecycle — from sourcing and interviewing to onboarding and past — all in a single system to streamline the expertise for recruiters, hiring managers and, specifically, candidates.”
The phrases of the acquisition weren’t disclosed. The deal is anticipated to shut within the fourth quarter of this yr.
SmartRecruiters’ final introduced spherical of funding was a $110 million Sequence E in 2021, which valued the corporate at $1.5 billion.
{content material}
Supply: {feed_title}