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SAP introduced Friday that it has reached an settlement to accumulate recruiting software program firm SmartRecruiters.
In a press release, the European software program large stated that SmartRecruiters “highly effective, user-friendly interfaces and seamless workflows” will complement SAP’s current HR instruments.
Muhammad Alam, the SAP govt board member who leads product and engineering, stated in a press release that with this acquisition, “Clients will be capable to 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 Series E in 2021, which valued the corporate at $1.5 billion.
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