The news we have in store for our HR readers is the boldest act in the line of acquisitions CareerBuilder has done so far. To diversify its recruitment smarts, CareerBuilder has acquired Workterra, a talent management software organization this September. While, earlier in 2016 CareerBuilder procured Aurico for background screening and drug-testing services, this time the acquisition has aimed to expand the comprehensive array of features it provides. Post-hiring features being paramount, the move has certainly taken by CareerBuilder to evolve as a full-fledged human capital management organization.
The terms of the deal have yet not revealed.
Workterra, California-based company offers cloud-based technology for past 10 years and facilitates human capital management benefits. The firm successfully manages the lifecycle of employees, from onboarding, administration, to wellness, as well as, compliance. It offers a easily configurable system that can be used with just one login. To know more, visit theworkterra.com.
CareerBuilder has reinvented who we are as a company over the last few years, said Matt Ferguson, CEO of CareerBuilder, a press conference.
This notable move in the online recruitment space is certainly an initiative that will help global companies to fetch and retain the best talent on board. From posting their jobs to 7,000 job websites or social platforms, sourcing from 100 million profiles, to creating engaging career websites to managing recruitment workflow, conducting background checks on candidates and real-time reports on recruitment performance, firms can now make better plans for them and buy whole system is a package or simply as a la carte.
What more? By collaborating with Workterra, CareerBuilder can bring an unprecedented scope of innovation across the recruitment market. While reaching out to organisations despite their size, the primary objective for this collaboration is to target mid-size companies, a market which is estimated at $18.1 billion.
We’re excited to become part of a company that is known for having a strong brand and superb technology and customer service, said David Rhodes, CEO of WORKTERRA. “WORKTERRA’s and CareerBuilder’s solutions will perfectly complement one another and bring more options, efficiencies and value to our clients for both the pre-hire and post-hire side of business.
As the global leader in human capital solutions, CareerBuilder specializes in cutting-edge HR software as a service to help companies with every step of the recruitment process from acquire to hire. CareerBuilder works with top employers across industries, providing job distribution, sourcing, workflow, CRM, data and analytics in one platform. It also operates leading job sites around the world. Owned by TEGNA Inc. (NYSE:TGNA), Tribune Media (NYSE:TRCO) and McClatchy (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com