SAN FRANCISCO, CA and PARIS, FRANCE – June 7, 2023 – Clevy, a Paris headquartered international provider of AI conversational technologies for businesses, has been acquired by Fountain, the San Francisco headquartered leading Labour ATS and provider of hiring automation software for the hourly workforce.
With the addition of Clevy’s innovative conversational AI technology, Fountain will be able to provide employers with even more advanced tools that utilize custom workflows to create a smooth hiring and onboarding process. The technology streamlines communication between candidates and employers, making it faster and easier to find and hire the right candidates.
Salim Jernite, CEO of Clevy said: “In teaming up with Fountain, who shares our commitment to innovation and customer success, we’re excited to help revolutionize how hourly employers connect with top talent and engage with them for the long term. Venero was the ideal partner for us. Their reach and HR tech expertise made this complex and exciting cross-border deal possible in a competitive market."
Venero was the ideal partner for us. Their reach and HR tech expertise made this complex and exciting cross-border deal possible in a competitive market.
George Galanopoulos, Partner at Venero, said: "We are delighted to have supported Salim and his co-founders to originate and deliver this transaction. Fountain is a great home for Clevy; the two teams share the same vision and principles and offer a portfolio of cutting-edge solutions to their clients”
This marks yet another successful Work Tech M&A transaction for Venero Capital Advisors, following the sale of skills intelligence platform Boostrs to Visier, employee skills management vendor People Analytix to LearningPool, on-demand staffing platform Workmate to Persol, workforce management platform Beeple to Visma, employee engagement vendor Our Tandem to beqom, and many more.
Enquiries
For enquiries, please contact:
George Galanopoulos, Partner, ggalan@venerocapitaladvisors.com
About Venero Capital Advisors
Venero Capital Advisors offers tailored and independent investment banking services to businesses operating in HR Tech and the Future of Work sector. Our client relationships are built and carefully maintained on trust, discretion and dedication. We combine in-depth industry expertise with market leading advisory skills – delivered within a highly confidential and unconflicted framework. Venero is the only 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.
For more information, please visit www.venerocapitaladvisors.com
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