Talentsconnect Expands with PitchYou Acquisition
Deal News | Dec 16, 2024 | EIN

Cologne-based talentsconnect has acquired PitchYou, a Leverkusen startup specializing in WhatsApp-driven recruitment communication, to strengthen its direct-to-talent platform. This strategic acquisition will enable talentsconnect to integrate WhatsApp-based communication into its recruitment processes, enhancing applicant engagement and maximizing the efficiency of job matching amid Germany's looming labor shortages. The move positions talentsconnect as a frontrunner in AI-driven recruitment technology. With Germany anticipated to face a labor shortfall of 4.9 million workers by 2030, this merger targets the pressing need for innovative hiring solutions that can bridge the gap caused by language barriers or uncomfortable communication channels. Talentsconnect plans to triple turnover within three years and aims for substantial growth in the DACH region while also exploring future acquisitions.
Sectors
- Human Resources Technology
- Telecommunications
Geography
- Germany – Both companies are based in Germany, and the article highlights the country's labor market challenges and technological needs.
- DACH Region – The focus on growth in the DACH region signifies the geographic market leaders in Austria, Germany, and Switzerland.
Industry
- Human Resources Technology – The article discusses the merger and expansion within the HR technology sector, highlighting innovations in recruitment tech.
- Telecommunications – The utilization of WhatsApp for recruitment ties the deal to the telecommunications industry, emphasizing communication advancements.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
talentsconnect AG | Target Company | Company | A career site technology provider based in Cologne, driving innovation in the recruitment field. |
PitchYou GmbH | Selling Company | Company | A Leverkusen-based startup focused on WhatsApp-based recruitment communication. |
Robin Sudermann | CEO of talentsconnect | People | CEO overseeing the strategic acquisition and integration of PitchYou into talentsconnect. |
Gunnar Basner | Co-founder of PitchYou | People | Co-founder contributing to the integration of PitchYou into talentsconnect's platform. |
Tim Berg | Co-founder of PitchYou | People | Co-founder aiding in the strategic merger of PitchYou with talentsconnect. |
Globus | Customer | Company | A company leveraging the integrated recruitment solutions of talentsconnect and PitchYou. |