Recruiter.com acquires Uncubed's Technology Solutions business

Recruiter.com Group Inc (NASDAQ:RCRT) has announced the acquisition of the Technology Solutions business of Uncubed, a leading recruiting technology company.

The purchase was closed on July 7 through an asset purchase agreement and was financed with restricted common stock, cash, and a promissory note.

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The transaction brings the software and team behind Uncubed’s talent community and candidate engagement platforms to Recruiter.com, the company said. It also includes Uncubed’s Finalist, an online marketplace for sourcing and screening diverse early-professional software and data candidates, and a tech-driven alternative to traditional offline campus recruiting.

Recruiter.com will incorporate Uncubed’s job board technology and candidate engagement platform, including Mediabistro, the leading job board and professional community for media, content, and creative professionals.

“The acquisition of Uncubed’s Technology Solutions business brings proprietary recruiting technology, significant clients including NBC and Penguin Random House – and a candidate network exceeding one million users to Recruiter.com,” Recruiter.com CEO Evan Sohn said in a statement. 

“Having a significant foothold in software and data skill sets and in the media sector, we believe the acquisition will be a tremendous growth driver for the expansion of our on-demand recruiting solutions,” he added.

Uncubed CEO Chris Johnson will become senior vice president of Marketplace at recruiter.com. Before co-founding Uncubed, Johnson held leadership and financial roles at companies including i-transfer, Arsenal Capital, Cerberus Capital, and William Blair. He also advised high-growth technology startups, including Aura Frames and PerkSpot, and has served on the board of directors of a number of technology and industrial companies.

“Recruiter.com is helping to transform recruiting and hiring into an online and on-demand function in a world where the sharp adoption of virtual recruiting and online sourcing driven by Covid is here to stay,” Johnson said.

“We believe our technology and online candidate reach will accelerate this mission and are proud to be part of the Recruiter.com growth story.”

Recruiter.com is an online hiring platform delivering on-demand recruiting technology and services to both large and small businesses. With AI and video technology, and the world’s largest network of recruiters, Recruiter.com delivers on-tap recruiting that flexes with hiring needs.

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Story by ProactiveInvestors