U.S. giant Workday acquiring HiredScore for hundreds of millions of dollars
U.S. giant Workday acquiring HiredScore for hundreds of millions of dollars
The enterprise cloud applications company, which has a market cap of around $79 billion, will utilize HiredScore’s AI-powered talent orchestration solutions to enable companies to use data-driven insights to improve recruiting and talent mobility processes
American enterprise cloud applications giant Workday is acquiring HiredScore, which develops AI-powered talent orchestration solutions that enable companies to use data-driven insights to improve recruiting and talent mobility processes. The amount of the purchase was not disclosed, but it is estimated to be in the hundreds of millions of dollars.
HiredScore, which is headquartered in the U.S. and has an R&D center in Israel, has been self-financed since its inception by the Karp family, known for their real estate empire in the U.S. The employees at HiredScore will join Workday. The buyer is traded on Nasdaq with a market cap of $79 billion and employs approximately 18,000 people worldwide.
Established in March 2013, HiredScore is managed by founder and CEO Athena Karp. The company has over 150 employees, with most of them being based in the R&D center in Tel Aviv and some in New York, London, Amsterdam, and San Francisco.
"People are at the heart of every organization, and investing in new and innovative ways to unlock the potential of talent is more important than ever," said Carl Eschenbach, CEO of Workday. "HiredScore is the perfect complement to our product portfolio as we look to provide AI solutions that deliver real business value for our customers. The combination of our AI technologies that keep humans at the center, along with a deep understanding of the workforce landscape, will help organizations thrive and move forever forward."
"We've only just begun to see the opportunities of what is possible with responsible AI in the workforce, and how organizations can use it more efficiently and effectively to deliver on HR transformation goals related to recruiting and employee experiences," said Athena Karp, founder and CEO of HiredScore. "By combining our efforts and innovations with Workday, we'll be able to deliver even more value to companies around the world as they look to build their future HR function."
Workday is used by more than 10,000 organizations around the world and across industries – from medium-sized businesses to more than 50% of the Fortune 500. HiredScore is live in 150 countries and available in 70 languages.
