New York, NY and Vienna, 25 January 2022 - Radancy, the global talent technology leader, is expanding its unified platform with the agreement to acquire Austria-based Firstbird, the global leader in SaaS based employee referral programs. The planned acquisition of Firstbird expands Radancy's presence and commitment to the DACH market and complements its teams across Europe. Combined, the businesses can offer talent acquisition teams a unique recruiting solution, empowering them with a competitive advantage to attract and hire better talent faster in the global job market.
Michelle Abbey, President & CEO of Radancy, said: "In today’s employment market, employee referrals are more important than ever to find qualified talent, quickly. Now, we’re able to offer a significant addition to our unified platform that makes the process of referrals much more efficient. We can help our clients reach their recruitment goals and further extend our end-to-end solutions by ensuring we’re delivering all the essential touch points across the entire candidate journey."
Arnim Wahls, co-founder and CEO of Firstbird, said: "Firstbird has always aimed to help enterprises worldwide shape the future of their organisations by giving their employees a voice in the recruiting process. Joining forces with Radancy allows us to take a valuable leap in turning this vision into a reality by expanding our global market footprint. Venero was a close and invaluable partner for us due to their exceptional industry know-how and deal experience."
Georgios Markakis, Managing Partner at Venero, said: "It was truly a pleasure working with Arnim and his team on this transformative transaction. Joining forces with Radancy marks a major milestone on Firstbird's journey to become the global standard for employee referrals."
The acquisition is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions, including certain regulatory approvals.
This represents yet another successful WorkTech transaction for Venero Capital Advisors, the only international corporate finance advisory firm focusing exclusively on HR Tech and the Future of Work.
To receive M&A and capital raising insights, deal announcements, research reports and news from Venero Capital Advisors, register here.