Purchase price not disclosed
- Hired and ZLemma business models both primarily focus around matching technical talent with some of the best tech companies around the world.
- ZLemma brings a sophisticated resume parser and proprietary semantic matching technology that will enhance Hired’s abilities to ensure higher quality job and candidate matches for employers and job seekers alike.
- Hired’s revenue has been tripling year-over-year since its start in 2012, and plans to continue its growth to hit a $100 million run rate by next year.
- ZLemma also brings a team of experts in search algorithms and data science.
- Articulated the strategic rationale for acquisition.
- Helped the ZLemma board and management team assess a range of strategic options, providing critical clarity to assist with decision-making.
- Quarterbacked negotiations and negotiating strategy across multiple options.
- Negotiated a material improvement in final consideration over the initial LOI
To learn more about this transaction, view the full M&A Alert .