Recruiting technology company AllyO has been acquired by HireVue, adding AI-driven chatbots and automated workflows to its core video-interview and assessment capabilities. The company expects the combination of products to help customers increase the pace of hiring and improve the quality of their talent pool.
Terms of the transaction weren’t disclosed. In June 2019, AllyO closed a $45 million Series B round, which it called the largest round raised to date in the AI-recruiting category. At the time, the round brought the company’s total funding to about $64 million..@HireVue acquired @AllyO, adding chatbots and automated workflows to its core video-interview and assessment capabilities #HR #HRTech Click To Tweet
In 2019, AllyO said its annual recurring revenue more than tripled while 97% of its customers renewed their contracts. Through the end of the year, the company had employers had connected with more than 3 million candidates and employees using its platform, and scheduled 300,000 interviews.
AllyO will enable HireVue customers “to have engaging, personalized conversations with millions of active job-seekers any time of day or night and on the devices they prefer,” said HireVue CEO Kevin Parker. “AllyO instantly handles many of the time-consuming, repetitive tasks, freeing them up to personally engage with the most qualified candidates. “
This idea of taking mundane tasks off the recruiter’s plate has become ubiquitous among talent acquisition technology providers. Keeping up high volumes of candidates is central to the work of recruiters in industries such as hospitality, retail and manufacturing, for one thing. For another, the recession has thrown millions of workers onto the job market, increasing the number of applicants for every open position.
HireVue’s Expanding Capabilities
The platforms do complement each other. HireVue’s technology provides assessments that reduce bias and help employers make more informed hiring decisions. AllyO’s automation helps companies work with a wider candidate pool.
By incorporating AllyO into its platform, HireVue said it will be able to deliver a quicker, end-to-end hiring experience. Chatbots will be able to interact with candidates around the clock, handling applications, answering common questions, scheduling interviews and screening. The two solutions have already been integrated and are being used by “multiple customers,” the company said.
In September, HireVue announced an integration with Microsoft Teams that allowed users to leverage the collaboration solution as an interview platform.
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