Radancy, the global talent acquisition software leader, recently announced that it has acquired Ascendify, a cloud-based talent engagement software designed to reinvent how enterprises attract, develop, and inspire their talent. According to the company’s statement, the latest acquisition enhances Radancy’s suite of solutions focused on helping enterprises find the talent they need to strengthen their business.
As a result of the deal, Ascendify’s recruitment marketing technologies will add value to the Radancy talent acquisition cloud.
However, the financial terms of the deals were not disclosed.
The Radancy Talent Acquisition Cloud offers a single, integrated, end-to-end platform that automates the candidate recruitment process to help organizations source, engage and hire qualified talent with more effective and cost-efficient outcomes. It provides a secure and scalable platform supported by data-driven insights and AI to deliver consistent and optimized experiences across all candidate touchpoints.
Speaking about the acquisition, Chief Executive Officer of Ascendify, Matt Hendrickson, said:
In a market of siloed products and processes, we’re excited to become a part of the Radancy Talent Acquisition Cloud. With the acquisition, Radancy added Ascendify’s valuable CRM-based recruiter tools to enhance further its comprehensive platform, including advanced sourcing functionality, workflow automation, interview scheduling, and event management to augment its industry-leading platform and candidate marketing capabilities.
Radancy’s leadership in the talent acquisition SaaS market continues to be enhanced by strategic expansion and innovation. The company is making significant investments to seBottom of FormSet a new standard for what employers can expect from a global enterprise.
Co-founded by Matt Hendrickson and Lauren Smith in 2012, Ascendify helps recruiters and sources build better relationships with passive candidates. The startup has helped HR teams at large companies like Wells Fargo, BCG, Toshiba, and Hallmark. Its candidate relationship management (CRM) solution is built specifically for companies with complex, global workforces, where Ascendify drives better hiring outcomes through AI and data-supported identification, screening, and, ultimately, hiring of candidates. The company relies on deep partnerships with its clients and data analytics to discover how to deliver better experiences.
President & CEO of Radancy, Michelle Abbey, commented:
As the competition for qualified talent grows, companies increasingly seek data-driven technology solutions to enhance their ability to identify, engage and hire candidates more effectively. We are seeing high demand for the Radancy Talent Acquisition Cloud as the only all-in-one platform that streamlines the entire recruitment process, enabling companies to maximize their reach, optimize touchpoints and increase efficiency.
As a part of the transaction, Piper Sandler acted as a financial advisor to Radancy.
The Radancy Talent Acquisition Cloud, powered by rich data and deep industry insights, optimizes the entire candidate journey, enabling enterprises to hire the most qualified talent faster while reducing costs and driving higher ROI, recruiter efficiency, and an improved candidate experience.
Last year in June, Radancy announced its strategic partnership with New Mountain Capital, a leading growth-oriented investment firm with over $37 billion in assets under management.