What Are We to Make of Recent Jobvite Moves?

The Top-line Context

Jobvite picked up an investment of $200 million and is using it to acquire three smaller companies:

  • Talemetry (recruitment marketing)
  • RolePoint (employee referrals and in-company moves)
  • Canvas (a text-based conversational screening bot)

Post-acquisition, the combined company will have north of 2,000 customers. No valuation was disclosed in this deal. As noted by TechCrunch, the last valuation of Jobvite is pretty old — September 2014 — and was around $150 million, although the company has never confirmed that.

7 HR Tech Trends to Watch for in 2016

Even though investment slowed down toward the end of the year, 2015 was a banner year for HR technology — the best since 2001 for U.S. startups and a year that included a billion-dollar quarter. Depending on whose numbers you look at, investment in HR and HCM startups was north of $2 billion for the year. What should industry watchers expect in 2016 as this capital begins working its way into the system?