HireVue, the global leader in video interviewing, assessments, and text-enabled recruiting solutions, has recently announced its acquisition of Modern Hire, the all-in-one enterprise hiring platform that enables organizations to improve hiring experiences continuously. However, the company did not disclose the financial terms of the deal.
The acquisition of Modern Hire marks a new era in hiring, providing organizations with an easier way to realize the full benefits of the most comprehensive and innovative platform for assessment, interviewing and end-to-end hiring automation. Solidifying HireVue’s position as the industry leader in modern hiring solutions powered by ethical AI will accelerate HireVue’s ability to help all organizations identify employee and candidate potential beyond resumes.
Commenting on the acquisition, the CEO of HireVue, Anthony Reynolds, said:
HireVue’s mission is to change lives by connecting talent to opportunities. The acquisition of Modern Hire will enable us to continue pushing the boundaries of what is possible in hiring technology by adding to our 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.
With Modern Hire, HireVue will increase its expertise and scale to empower organizations worldwide to build top-performing teams by matching potential to opportunity with a faster and fairer hiring process. The platform’s ongoing commitment to prioritizing people and skills grows further with this acquisition, ensuring candidates can develop and unlock their potential now and throughout their career journey. The startup intends to quickly accelerate the growth of both companies’ technology growth to create innovative solutions that allow organizations to understand and activate a candidate’s potential beyond their background and experience.
HireVue helps global enterprises gain a competitive advantage in the modern talent marketplace with video interviewing software, conversational AI, and pre-hire assessments. Its hiring intelligence platform transforms how companies discover, hire, and develop talent. By combining video interviews with predictive, validated occupational science and artificial intelligence (AI), the company augments human decision-making in hiring and delivers higher-quality talent faster. It has hosted over 35 million video interviews and 200 million chat-based candidate engagements for over 700 pioneering customers around the globe.
Chief Executive Officer of Modern Hire, Karin Borchert, added:
HireVue shares Modern Hire’s commitment to science, innovation and ethical AI, and we are delighted to join the team. Together our global scale, dedication to customer success, unmatched technology and talented teams provide a tremendous opportunity to expand hiring solutions for customers and their candidates rapidly.
As a part of the transaction, Modern Hire will become part of the HireVue family of solutions with immediate effect.
Modern Hire transforms each process step with screening, assessment, interview and workflow automation tools that make hiring more effective, efficient, ethical and engaging. The platform merges trusted science with proven SaaS technology to predict performance, ensure fairness, and automate workflow—enterprise-wide. The company is deeply committed to ethical AI, workplace diversity, and compliant hiring practices through its market-leading Cognition by Modern Hire™ science and its industry leadership in standards-setting bodies, including the Society of Industrial and Organizational Psychology (Society) SIOP). The startup is trusted by nearly half of the Fortune 100 and hundreds of enterprises worldwide for seriously better hiring and seamless hiring experiences supported by integrations with 15 HRTech partners.
In 2020, HireVue had acquired AllyO, the leading end-to-end recruiting AI and automation software.