Job-matching platform Vettery acquired Hired, a job board focused on technology talent. The companies will be combined to position themselves as a comprehensive talent marketplace for technology, marketing, sales and finance roles.
Hired vets candidates using its platform as a way to ensure their intentions and boost response rates. That company said 90% of its users respond to inquiries and 60% accept interviews. Vettery uses AI algorithms and analytics to match employers to candidates in high-demand roles. In 2018, it was acquired by Adecco Group..@Vettery acquires Hired.com, plans to combine solutions, reach wider markets. #HR #HRTech Click To Tweet
Last week, media reports appeared saying Hired was winding down its operations. In an interview with TechCrunch, Vettery CEO Josh Brenner said the companies mostly complement each other, with just 5% of their customers overlapping. Hired’s tools are focused on software and engineering positions, while Vettery’s offer more breadth.
Two Brands into One
Over the next few months, Vettery and Hired will launch their combined solution, which includes:
- Using data from 1.5 million interviews and 21,000 placements to create a leading predictive AI-based algorithm.
- Expertise in over 75 roles and 325,000 skills, connecting some 17,000 companies.
- Over 3 million assessed candidates.
- Custom technical assessments integrated into an automated interview process.
- Bias-reduction features, including gender-equal offer recommendations and photo and name removal in search results.
Brenner, who’ll lead the combined company, said eventually products will be offered under one brand, though the Vettery and Hired names will remain in the short term.
Hired’s CEO, Mehul Patel, will move on. In a statement, Patel said combining the companies will allow for faster scaling “and take our proven approach to skill-based hiring into new verticals.”
Last year, Hired acquired Py, a startup whose suite of assessment and screening tools helps employers recruit engineering talent. Py’s staff joined Hired and its products were to be incorporated into Hired’s platform.
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