French recruitment software specialist Pixid has acquired UK-based peer The Internet Corporation.
The UK company is headquartered in London, and also runs an Irish outpost in Dublin. The firm claims to offer "the complete recruitment solution package", and it trades under the product brands Amris ATS and Zao. The former is an applicant-tracking tool, while the latter can manage the employee-referral process. The products' new owner offers cloud-based tools aimed at the temporary recruitment sector, and claims that one in four temp jobs in France are currently filled via its platform.
Pixid president Etienne Colella said: "The UK has the leading temporary labour market in Europe and the opportunity to combine our platforms was too good to miss. The transaction is transformational in terms of enabling both parties to stay at the forefront of technology and offer a truly end-to-end recruitment platform.
"The Internet Corporation was an early innovator in the online recruitment space, and I am delighted to say that (CEO) Mark Kieve and his management team will remain in place at Amris and Zao as we were equally interested in securing their wealth of experience and expertise. We look forward to strengthening our current platforms while also developing an exciting new offer for the European market and beyond."
Pixid and The Internet Corporation claim that their combined turnover will be €16m this year, with "profitable organic growth of 19 per cent". The two firms indicated that, between them, they work with 2,500 end user companies and 7,000 recruitment agencies to list 150,000 new temp positions each day, as well as having cumulatively processed two million applications for permanent posts.
"The Pixid and Amris combination is formidable and will offer a powerful tool for effective hiring and candidate engagement," said Kieve. "Both parties have developed platforms that are highly compatible and based on a similar ethos of offering their customers the opportunity to rationalise and simplify their entire recruitment process."
Founded in 2004, Pixid is backed by Parisian private equity house Keensight Capital. The French software firm was advised on this deal by UK law firm Cripps.
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