Paradox Unifies AI Vision with Eqtble Acquisition
Deal News | Feb 05, 2025 | Thoma Bravo
Paradox, a leader in conversational AI, has acquired Eqtble, a people analytics platform, in a strategic move to enhance its talent acquisition capabilities. Founded in 2016, Paradox has been transforming recruitment processes for global clients such as Chipotle, 7-Eleven, and General Motors by automating tasks like interview scheduling and candidate engagement. The acquisition aims to integrate Eqtble's expertise in workforce data analytics with Paradox's AI-driven recruitment solutions to create seamless, data-backed hiring experiences. Eqtble, founded in 2021 and incubated by Y Combinator, brings deep analytics capabilities through its innovative data model, led by CEO Joseph Ifiegbu and co-founders Ethan Veres and Gabe Horwitz. The collaboration anticipates launching an integrated platform to empower HR leaders with actionable workforce insights.
Sectors
- Conversational AI
- People Analytics
- Human Resource Technology
Geography
- United States – Paradox and Eqtble are both based in the United States, influencing the HR tech landscape within the country and beyond.
Industry
- Conversational AI – This industry involves the development and application of AI technologies for engaging users in conversation-like interactions, crucial for Paradox's business model.
- People Analytics – Focused on leveraging data to improve HR and workforce decisions, relevant due to Eqtble's expertise in this field, which enhances Paradox’s offerings.
- Human Resource Technology – Encompasses platforms and tools designed to optimize HR functions, relevant due to the integration of Eqtble's analytics with Paradox’s AI capabilities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paradox | Acquirer | Company | A leading conversational AI company that automates recruiting processes for global clients. |
| Eqtble | Target | Company | A people analytics platform that integrates workforce data for enhanced HR decision-making. |
| Thoma Bravo | Private Equity Firm | Company | A prominent private equity firm known for investing in technology companies, including Paradox. |
| Joseph Ifiegbu | CEO of Eqtble | Person | Co-founder of Eqtble and experienced in People Analytics roles at Snap and WeWork. |
| Ethan Veres | Co-Founder of Eqtble | Person | Former Data Scientist at Johnson & Johnson, co-founder of Eqtble. |
| Gabe Horwitz | Co-Founder of Eqtble | Person | Former Director of People Analytics at WeWork, co-founder of Eqtble. |