End-to-end HR software company, Compono, has announced the acquisition of candidate sourcing platform idibu for an undisclosed sum.
This exciting deal will see idibu’s best-in-class candidate sourcing pipeline and insight technology integrated into the Compono HR technology platform.
As part of the acquisition, the idibu brand and all its staff will continue to operate as usual, with expansion plans for both APAC and EMEA markets in place. idibu will be a wholly owned subsidiary and known moving forward as idibu, a Compono company.
Founded in 2007, idibu has established itself as the premier talent acquisition service provider in Europe that focuses on creating a great candidate experience. With over 300 clients and two offices in the UK and Spain, the idibu platform is used to cross-post positions to major job boards and integrate into CRM systems saving its clients time and money when it comes to hiring.
The acquisition of idibu by Compono will enable the company to expand its current products into EMEA whilst broadening idibu’s reach into APAC. idibu’s European clients will for the first time be able to utilise Shortlyster, a Compono product to automatically shortlist and rank candidates based on skills, qualifications and cultural fit, dramatically decreasing time to hire.
Carl Hartmann, Chairman and co-founder of Compono said, “For the past year we have been partnering with idibu because we saw that their multi-channel job posting technology makes a huge difference for clients when it comes to managing the onerous task of sourcing talent for their organisation.”
“As we worked together, it was clear that idibu was a business that shared our own goal of combining the power of data, science and technology to help realise the full potential of people. The acquisition is a win-win for both parties - almost instantly opening up new market access and expansion of our full suite of products across the world. We’re looking forward to the great work we can do by combining our resources to tackle the biggest problems organisations face when it comes to hiring,” he said.
Martin Bramall, Managing Director of idibu said, “The world of work is continuously changing and we are excited to be joining forces with a leading HR software company that brings intelligence to the hiring process. This marks the beginning of an exciting new chapter for all of us. We have a world class team who will remain in place to help drive the next stage of growth. I look forward to expanding idibu’s footprint globally alongside with Compono’s current talent product solutions.”