The bootstrapped Software-as-a-Service (SaaS) company Recruiterbox was founded in 2011.
BENGALURU: HR technology platform Recruiterbox has been acquired by San Francisco based private equity firm Turn/River Capital in an undisclosed all cash deal. Recruiterbox will merge under the Applied Training Systems Inc (ATSI) banner of Turn/River.
Turn/River specialises in growth capital investment, acquisition, and recapitalisation of web and SaaS companies. The PE firm has previously acquired other HR tech companies like ReviewSnap and Trakstar under the ATSI banner. Recruiterbox’s acquisition will help Turn/River's strategy to build a suite of HR Technology products.
“Everyone in the team continues to work in exactly the same roles as before. Turn/River Capital will help with its expertise on the sales and marketing side — in accelerating the growth of SaaS companies. The cherry on the cake is that everyone in the team receives stock options in the new combined entity,” said Girish Redekar, cofounder of Recruiterbox.
The bootstrapped Software-as-a-Service (SaaS) company Recruiterbox was founded in 2011 by Redekar, Raghuveer Kancherla and Raj Sheth. Bengaluru-based Recruiterbox makes an applicant-tracking-software (ATS) that helps HR departments manage their hiring. It ensures that no candidate falls through the cracks, and gives the company team all hiring-related information in one central place like who had applied for a certain opening, stage of the interview process he/ she was in, etc.
