RED BANK, NJ — November 4th, 2024 — GoToro, a digital job advertising company specializing in high-volume and high-turnover job markets, is pleased to announce its acquisition by Array Corporation. Over the past decade, GoToro has pioneered digital recruitment strategies to address today’s candidate shortages, helping companies attract and retain talent with greater efficiency. This acquisition enhances Array Corporation’s offerings and advances its mission to deliver innovative, data-driven workforce solutions that empower clients across industries. Venero Capital Advisors acted as exclusive financial advisor to GoToro. With its Leading Edge Optimization (L.E.O.) platform, GoToro offers advanced, purpose-built technology that optimizes recruitment for small to medium-sized businesses, large enterprises, and agencies. L.E.O. is engineered to streamline digital job advertising, helping businesses reduce their cost per hire in even the most challenging recruitment environments. This powerful platform, combined with GoToro’s experienced Digital Success Team, enables partners to maximize the value of their recruitment investments while navigating today’s competitive job market.
Bruno Stanziale, CEO of GoToro, expressed his enthusiasm for this new chapter: “I am honored to announce that GoToro has been acquired by Array Corporation. Together, we’ll accelerate our growth and deliver even more value to our clients and partners. I’m incredibly proud of our team and grateful to our clients for believing in us. The journey continues, and we are all looking forward to the incredible future GoToro will build as a member of the Array family!” Michael Goodwin, Managing Director at Venero, commented: “This acquisition marks a significant milestone for GoToro. The company’s L.E.O. technology and proven expertise in high-volume job advertising will continue to drive sustainable business growth for customers under Array's umbrella. It has been a great pleasure working with Bruno and the GoToro team, and look forward to their continued success!” About Venero Capital Advisors Venero Capital Advisors is the #1 ranked international corporate finance advisory firm focusing exclusively on HR Tech and the Future of Work. More WorkTech/HRTech companies trust Venero Capital Advisors to deliver a successful M&A transaction than any other investment bank. We are incredibly proud to be the financial advisor of choice for Future of Work businesses globally. To receive M&A and capital raising insights, deal announcements, research reports and news from Venero Capital Advisors, register here.
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