The France and Germany based leaders of recruitment software and candidate relationship merge to best arm companies against the shortage of skilled workers.
CleverConnect, a leader for cloud-based recruiting solutions, announces the merger with Talentry, a leading Munich-based provider of talent relationship management solutions. Together they want to counteract the current unprecedented shortage of skilled workers with the most efficient and advanced technologies to help recruiters on a daily basis and offering fulfilling candidate experiences. After a financing round led by Digital Plus Partners in October 2021, this merger with Talentry and the 25 million euros investment in Germany in 2022 gets CleverConnect a step closer to its ambition of being the leading European champion for Talent Acquisition solutions.
A common platform to make the best hires and increase retention
While Europe is one of the most affected markets in terms of skills shortages, HR professionals are increasingly facing a lack of quality applications and rising international competition. As a result, investments in talent management, employer branding, and high-quality job postings, as well as tools that can convert applicants into qualified talent, are becoming the focus of HR spending. Through this merger with Talentry, CleverConnect will optimally and holistically support organizations in transforming their recruitment processes to attract new qualified candidates, engage them in a sustainable relationship and reveal their skills and potential, as well as offering candidates a fulfilling experience.
What belongs together grows together
CleverConnect stands for the revolution in recruiting. With an innovative, future-proof solution portfolio, the European HRTech. scale-up has secured 30 million euros in a financing round in October 2021. The company is already helping more than 2,500 companies digitize and optimize their recruiting process. The product portfolio includes a SaaS solution for time-shifted video interviews, intelligent career pages with AI, and a matching technology for resumes. Potential talents can thus be addressed and converted into applicants in an efficient and modern way.
Started as a student start-up in Munich, Talentry has been one of the leading providers of cloud-based talent relationship management since 2013. With its award-winning Talent Relationship Platform, the company accompanies customers in every phase of the application process in order to efficiently find the best talents across all available channels and to retain them in the long term.
Part of this merger, renowned investors of Talentry like Carsten Thoma (founder of Hybris – acquired by SAP – and one of the most innovative thought leaders in the tech industry), and Bastian Nominacher and Alex Rinke (co-founders of Celonis, a Decacorn and provider of execution management and process mining) join CleverConnect’s investors. Carl Hoffmann, founder and CEO of Talentry GmbH joins CleverConnect as a co-founder immediately.
With this merger, CleverConnect becomes a 270-employees company with strong French and German foundations and a unique position to claim European championship. In 2022, CleverConnect will realize over 70% growth in revenues and consolidate its leadership on the Talent Acquisition market, combining European expansion and product enrichment, both with internal and external operations.
Today, no organization can afford to neglect candidate experience and forgo recruitment transformation. We’ve been impressed by Talentry’s culture, values and innovative products and even more by the complementarity with ours. With this merger, we are fully committed to develop an integrated platform that offers a holistic approach to talent acquisition, from attraction to retention. I am very pleased to welcome the wonderful team members of Talentry and am convinced that together we can become a European-born Global leader.Louis Coulon co-founder CleverConnect
Europe has been facing skills shortage for many years now, and is complex to address for recruiting teams because of each country’s specificities and constraints. This makes it the most advanced market in terms of recruitment strategy and HR care. That is why we believe a European specialist like Cleverconnect, with solid German and French roots, has all the assets to be a Global champion of our category. And history shows that in many industries Franco-German companies have become worldwide leaders.Marko Vujasinovic co-founder & CEO CleverConnect
CleverConnect and Talentry not only share a deep expertise in HR and recruiting, we also share the same company values and strive for one mission: provide fulfilling job opportunities for everyone. The skills shortage has reached enormous proportions and will continue to plague companies around the world. So it is only logical that we join forces and face this challenge together with CleverConnect to support our customers in the best possible way. I am therefore very much looking forward to the German-French cooperation at eye level and to an exciting time full of ideas, further development and growth.Carl Hoffmann Founder & CEO Talentry GmbH
At Celonis we are experiencing that attracting and winning talent is one of the core challenges for future growth. We already fill a big proportion of our vacancies through the Talentry solutions and I am convinced that the two technologies combined can become a real game changer in recruiting. This is why I am very excited to support the team and invest into CleverConnect!Bastian Nominacher co-CEO & co-founder Celonis