HireVue has bought intelligent hiring platform Modern Hire with immediate effect.
As a result of the acquisition, Modern Hire and HireVue will become a one-stop-shop for interviewing, assessment and hiring automation.
They will serve a combined 1,150 customers globally, including more than half of the Fortune 100. Notable examples include FedEx, Delta Airlines, LG, Pepsico, Emirates, Starbucks, and Mercedes.
This is HireVue’s sixth acquisition – before Modern Hire, its most recent purchase was AllyO, an AI-powered workplace engagement platform, in 2020.
The financial terms of the Modern Hire deal were not disclosed. HireVue is backed by tech investor Carlyle Group.
A new era for hiring
Talking about the deal, Madeline Laurano, industry analyst and founder of Aptitude Research, shared: “HireVue’s leadership and reputation in hiring is undisputed — they led the way with video interviewing and have continued to innovate with assessments and a commitment to ethical AI.
“Adding Modern Hire’s complementary science-backed solutions further solidifies their market leading position and creates a new high-water mark for what great enterprise hiring can look like.”
HireVue’s CEO Anthony Reynolds added: “HireVue’s mission is to change lives by connecting talent to opportunities.
“The acquisition of Modern Hire will enable us to continue to push the boundaries of what is possible in hiring technology, by adding to our own best-in-class science, technology and industry expertise.
“The team at Modern Hire are among the best scientific minds and tech innovators and we are thrilled to welcome them to the HireVue family.”
“Together our global scale, commitment to customer success, unmatched technology and talented teams provide a tremendous opportunity to rapidly expand hiring solutions for customers and their candidates alike,” continued Karin Borchert, CEO of Modern Hire.
Modern Hire has a 50-strong team of psychologists and data scientists – as a result of the acquisition, this team will work to strengthen HireVue’s already impressive ethical AI research capabilities.
Ultimately, this will help advance and grow the joint company’s technology and help create new and innovative hiring solutions – welcome to the future of recruiting.
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