Basis Vectors Capital, a private equity and technology investment firm that focuses on creating long-term value for market leaders in the B2B SaaS space, has announced the acquisition of Cadient Talent, a leading provider of talent acquisition solutions in the hourly hiring sector. This strategic move will not only fuel Cadient’s expansion plans through organic growth and strategic partnerships but also pave the way for innovative solutions and enhanced services, fostering a promising future for Cadient Talent.
However, the terms of the transaction were not disclosed.
Cadient, formerly Unicru, was founded in 2002 to streamline hiring so companies can confidently select qualified hourly individuals. The platform platform is supported by a dedicated team of experts, ensuring their clients receive robust software and unparalleled service. The company has processed over 670 million candidates and facilitated over 7 million hires, significantly reducing turnover and increasing productivity for the world’s largest hourly hiring businesses. Its services focus on high-volume precision hiring, specializing in diverse and high-retention talent. Cadient’s solutions have delivered outstanding results in the healthcare, hospitality, and retail industries, with the company seeking to expand its services to many more sectors.
Commenting on the deal, the CEO of Cadient, Jon Puckett, said:
At Cadient, we’re thrilled to embark on this new chapter with a partner who shares our vision for transforming talent acquisition. By joining forces with Basis Vectors Capital, we’re gaining access to their invaluable expertise in empowering and scaling SaaS businesses. This collaboration will fuel our ability to deliver exceptional value to our customers and achieve our ambitious market expansion goals. We’ll leverage this partnership to propel Cadient’s innovation and shape the future of hiring excellence.
Recognized as a top 50 Lower Middle Market Technology Investor & M&A Advisor by Axial in 2024, New York-based Basis Vectors Capital employs a proprietary SaaS machine platform for sales, marketing, engineering, and finance operations. Headquartered in New York, Basis Vectors Capital also operates in Silicon Valley, India, and Ukraine.
Ambarish Gupta, CEO of Basis Vectors Capital, added:
We’re excited to partner with Cadient’s management team to build upon their impressive achievements and drive even more growth. This acquisition is a testament to our belief in Cadient’s potential to transform the hiring landscape, especially with their longstanding success, and considering the rising demand for efficient and effective hiring solutions.
As part of the transaction, Cadient’s CEO, Jon Puckett, will continue to lead the day-to-day operations of the business, ensuring a seamless transition and maintaining the company’s commitment to excellence.
