Talentsconnect Expands with PitchYou Acquisition

Deal News | Dec 16, 2024 | EIN

Talentsconnect Expands with PitchYou Acquisition

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

    NameRoleTypeDescription
    talentsconnect AGTarget CompanyCompanyA career site technology provider based in Cologne, driving innovation in the recruitment field.
    PitchYou GmbHSelling CompanyCompanyA Leverkusen-based startup focused on WhatsApp-based recruitment communication.
    Robin SudermannCEO of talentsconnectPeopleCEO overseeing the strategic acquisition and integration of PitchYou into talentsconnect.
    Gunnar BasnerCo-founder of PitchYouPeopleCo-founder contributing to the integration of PitchYou into talentsconnect's platform.
    Tim BergCo-founder of PitchYouPeopleCo-founder aiding in the strategic merger of PitchYou with talentsconnect.
    GlobusCustomerCompanyA company leveraging the integrated recruitment solutions of talentsconnect and PitchYou.