Amsterdam-based Textkernel, an AI-powered recruitment software company, announced on Tuesday that it has acquired its Amsterdam counterpart Joboti, a software startup that specialises in recruitment technology.
According to Textkernel, this move will help the company in stepping up its buy-and-build strategy and reinforce its position as a leading value-added partner to corporate, staffing and software vendor clients.
Everything you need to know about Joboti
Founded in 2016 by Luuk van Neerven and Stephan Kockelkoren, Joboti is a specialised automated candidate interaction technology supplier. The company says Its solution helps enhance the employment process, increase the efficiency of HR professionals and recruiters, and lower their workload.
Thus, the company makes it easier for recruiters to focus on high-value tasks like initiating meaningful interactions with available and interested candidates and accelerating the hiring process by finding better candidates for open jobs.
Van Neerven, says, “Joining Textkernel is an exciting step for Joboti. We are thrilled to be a part of a leading AI solution provider and to bring our automated candidate engagement technology to an even larger audience. Together, we can create even more innovative recruitment solutions that will revolutionise the industry.”
After the acquisition, all Joboti employees, including those holding managerial positions and the founders, will remain with the company.
Aim of this acquisition
With this move, both Joboti and Textkernel now share a common vision to provide seamless, automated, and scalable solutions for recruiters and sourcing professionals.
With the help of Joboti’s candidate engagement technology and Textkernel’s advanced parsing and matching technology, recruiters can discover and connect the best prospects with minimal work.
Gerard Mulder, CEO of Textkernel, says, “By incorporating Joboti’s capabilities, we can offer our clients an automated recruitment solution that allows recruiters and sourcers to focus more on candidate experience and making placements faster. This will significantly increase their efficiency, reduce costs and save them valuable time.”
Currently, recruiters are constrained by the laborious process of locating the best prospects and then getting in touch with them via social media, email, phone, or instant message to inquire about their availability and level of interest.
But recruiters can discover relevant applicants using AI-powered match technology and communicate with those who have the necessary skills, have expressed their interest in the position, are available, have updated their skills, and have even answered a vetting question.
With Joboti’s technology integrated into Textkernel’s AI-powered employment solutions, recruiters will be able to manage communication processes in the hiring process, such as job notifications, GDPR checks, pre-screenings, interview scheduling, and feedback messages.
Currently, Joboti has over 200 customers with integrations into leading ATS and Candidate CRM applications available across the Benelux, UK and North America. And since the software supports many languages, this acquisition will help Joboti to benefit from the global presence of Textkernel and expand faster into new countries.
Founded in 2001 by Gerard Mulder and Jakub Zavrel, Textkernal specialises in AI-powered recruitment technology that automates an organisation’s process of matching demand and supply in the job market.
The company enables thousands of recruitment and staffing agencies, employers, job boards, and others to work more effectively by creating efficiencies in the HR and recruitment process.
Its solutions include CV parsing and matching, labour market analytics, semantic search, and sourcing tools, as well as a mid-office application for the staffing industry.
In June 2022, Textkernal acquired the Dutch staffing app and portal specialist Akyla, marking its second step in the international buy-and-build strategy after teaming up with Main Capital Partners in October, 2020.
In December 2021, Textkernel acquired US-based AI company Sovren to expand its business across North America and the Asia Pacific. The deal was valued between €30M to €40M, as reported by Reuters.
This acquisition helped the Amsterdam-based company’s position in the AI-based search and match technology space.
Backed by Main Capital Partners
Textkernal is backed by Main Capital Partners, a leading software investor in Benelux, DACH and the Nordics. Main Capital has over €2.2B AUM and has already backed more than 120 software companies.
It employs 60 people and has offices in The Hague, Stockholm, and Düsseldorf. Antwerp and an affiliate office in Boston.
Pieter van Bodegraven, Partner at Main and Chair of the Supervisory Board of Textkernel, says, “Since embarking on our partnership with Textkernel we have strategically worked towards building a stronger and more sustainable group.”
“Joboti’s innovative AI-automated solution for candidate engagement along all phases of the recruitment lifecycle will add to Textkernel’s existing product suite and helps further expand the company’s value proposition for corporate, staffing and HR software clients.”