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Acquisition

Automated Video Interviewing Platform Sonru Announces Acquisition by Enterprise Hiring Platform Provider Modern Hire

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The combined organisation’s expanded geographical footprint, expertise and technology capabilities maximise customer value, modernising interviewing and hiring for hundreds of global enterprises

Sonru, the leading provider of automated video interviewing technology in EMEA and Asia Pac, today announced its acquisition by Modern Hire, the all-in-one enterprise hiring platform that enables organisations to continuously improve hiring experiences and outcomes with trusted science and technology. The combined organisation’s expertise and expanded footprint provides clients with the most comprehensive enterprise hiring technology suite in the global marketplace.

“Sonru’s strategic decision to align with Modern Hire is the next logical step in our company story, and a transformative action to address the critical needs of enterprises for modern hiring and interviewing solutions,” said Ed Hendrick, founder and CEO, Sonru. “Sonru chose to join with Modern Hire because of our shared focus on the candidate experience, and a shared commitment to support our clients with consistent innovation. Modern Hire has transformed hiring to improve both experiences and outcomes. Our combined organisation’s strategic vision is to provide our clients and future clients with the strongest technology, team and reach in the market.”

Modern Hire partners with hundreds of leading global brands – including 47 of the Fortune 100 – to modernise their virtual hiring process. Headquartered in the U.S., the company’s SaaS interviewing technology, workflow automation, AI capabilities, predictive analytics and hiring assessments work together to enable organisations to continuously improve hiring results for more than 300 industry-leading enterprises, including Amazon, Capital One, CVS Health, FedEx, Humana, Procter & Gamble, Siemens and Walmart, which rely on Modern Hire to hire the right candidates quickly and fairly, at scale.

Modern Hire combines trusted science and proven technology to provide talent acquisition teams with the ideal balance of fairness, speed and quality to better identify, attract and retain talent while ensuring an enhanced candidate experience. Its data-driven experiences meet the needs of modern candidates, the future workforce and business stakeholders alike. By combining with Modern Hire, Sonru clients have access to the complete Modern Hire digital interviewing offering, which includes text, phone and chat interview solutions, and automatic scheduling. Modern Hire’s Virtual Job Tryout assessment delivers pre-employment scanning. These comprehensive set of capabilities bests all other solutions in the market.

“The Sonru brand and heritage are a perfect complement to Modern Hire, given both companies’ commitment to creating client- and candidate-centric solutions to address today’s talent acquisition challenges,” said Brian Stern, president, Modern Hire. “Together, we form the most comprehensive platform for enterprise hiring. Our integration will enable Sonru clients to benefit from continuity of partnership while aligning with a global leader known for its track record and commitment to continued innovation. We look forward to welcoming Sonru to the Modern Hire team, and enabling a smooth transition for our clients.”

Over the past decade, Sonru has established a legacy as a talent acquisition technology leader within Europe, the Middle East, and Asia Pacific. Its video interviewing solution maximises the candidate experience and enables recruiters to replicate a live interview by replacing early-stage phone, Skype or face-to-face interviews. This cuts early stage screening time, freeing up recruiters to focus on more strategic tasks and ensuring consistency, fairness and the application of best practices. Sonru’s technology reduces recruitment lifecycle time and costs by 50 percent. Its customers come from a wide variety of industry, including several Fortune Global 500 companies such as DHL, Nestlé, Qatar Airways, Rolls-Royce, UBS and Westpac.

According to Gartner, “Application leaders in EMEA-headquartered organizations supporting HCM technology transformation should: accelerate their journey toward cloud HCM applications by evaluating their HCM technology portfolio and strategy, with a focus on vendor innovation and user experience capabilities.”

This News has been Published in Partnership with PR Newswire

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Acquisition

Olympus announces acquisition of Arc Medical Design Limited from Norgine B.V.

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Olympus announces acquisition of Arc Medical Design Limited from Norgine B.V.

Olympus Corporation today announced it has signed a definitive agreement to acquire Arc Medical Design Limited (Arc Medical Design), a subsidiary of Norgine B.V. The acquisition underscores Olympus’ commitment to expanding its offering in gastrointestinal therapeutic devices and the development of advanced colonoscopy tools through M&A (mergers and acquisitions) opportunities as well as through R&D (research and development) with the overarching goal of improving early detection and treatment of colorectal cancer (CRC).  

Under the agreement Olympus will acquire Arc Medical Design and obtain full rights to its suite of innovative medical products. Olympus will convert its current exclusive distribution rights of ENDOCUFF VISION™ to a full acquisition of the ENDOCUFF family of products, which also includes ENDOCUFF™, ENDOCUFF GLIDE™ and ENTEROCUFF™, as well as WIDE-EYE™ POLYTRAP and several products currently in development.

By acquiring Arc Medical Design, Olympus is assuming worldwide responsibility for design, manufacturing, distribution and business strategy for the product portfolio with an immediate effect. It will further enable the company to improve clinical outcomes, reduce overall costs and enhance quality of life for patients.

“It is a great pleasure to announce our acquisition of Arc Medical Design”, said Mike Callaghan, Vice President/General Manager of Global GI EndoTherapy Business Unit at Olympus. “ENDOCUFF VISION has been a pivotal tool in our EndoTherapy portfolio, and we are delighted to expand our product portfolio to include the entire ENDOCUFF family.”

The flagship product ENDOCUFF VISION is a device attached to the distal end of a colonoscope, designed to maintain and maximize visibility during colonoscopy. Through its unique design, ENDOCUFF VISION can manipulate large folds, anchor the scope tip during loop reduction and stabilize during complex procedures, such as a polypectomy.

Data has shown a colonoscopy with ENDOCUFF technology can increase the adenoma detection rate (ADR) by up to 11% compared to a standard colonoscopy*1. Research shows that, for every 1% increase in ADR, there is a 3% decrease in CRC risk*2. Higher detection rates and more accurate diagnosis could, therefore, help reduce the number of deaths from preventable digestive cancers, such as CRC. CRC is a leading cause of cancer death for both men and women and screening is one of the powerful weapons against the disease. Colonoscopy is considered the beneficial method for detection and removal of hard-to-find adenomatous polyps.

Callaghan sums up: “We are excited about the acquisition of Arc Medical Design as it expands our expertise in innovative medical technology, strengthens our global leadership in endoscopy and reinforces the commitment to our purpose of making people’s lives healthier, safer and more fulfilling.”

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Acquisition

AI Analytics Startup StatusToday Acquired by Glickon

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StatusToday, the emerging leader in workplace analytics, announced today that its people analytics platform Isaak has now been acquired by Glickon for an undisclosed amount.

Glickon is a leading HR tech company headquartered in Italy that provides a candidate and employee experience platform that can help engage employees while generating data and insights.

With the increasing focus on remote work and collaboration, companies are looking at AI powered tools to improve employee wellbeing and engagement. Glickon provides an array of solutions to enhance workplace engagement and will consolidate the capabilities from the Isaak platform by StatusToday to enhance its people analytics offering.

“We continually seek out exponential growth opportunities – today’s announcement is exactly that,” Matteo Corte, CFO of Glickon, said. “We are excited about the possibilities that could come from the integration of StatusToday’s technology and what we can deliver to help answer some of the toughest questions that keep HR leaders up at night. A major step closer to a world where people wake up inspired and end the day fulfilled by the work they do,” Filippo Negri, CEO of Glickon affirmed.

As part of the acquisition agreement, Glickon also acquires the Isaak platform and related intellectual property. StatusToday founders, Ankur Modi and Mircea Danila-Dumitrescu, will support the acquisition as external advisers and move on to new ventures.

Ankur Modi, CEO of StatusToday, said, “Glickon has built a fantastic suite of solutions to help businesses be effective worldwide. I am proud that StatusToday’s proprietary technology will now power their people analytics offering and help companies and employees be more objective with decision making.”

Speaking on future potential, co-founder Mircea Danila Dumitrescu said, “Together with Glickon, StatusToday can add an objective transparency in the workplace, redefining the meaning of work in a way that is trustful, and informed.”

StatusToday was awarded the title of Best AI Startup at AI Summit in 2017 and has scaled up its platform to employees and managers in 1069 companies across 105 countries. It was recognized a Gartner Cool Vendor for digital dexterity in 2019. Ankur and his team have raised 4 million dollars from LocalGlobe, Notion Capital, firstminute Capital, Entrepreneur First, Force Over Mass capital, tiny vc and business angels.

This News has been Published in Partnership with PR Newswire

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Acquisition

UK’s Payroll provider Payescape Acquires API Payroll Solution PayRun.io

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Payescape, one of the UK’s fastest growing payroll providers, has added a powerful API payroll engine, PayRun.io to their business. Managing Director John Borland said, “We are delighted to welcome the PayRun.io team to Payescape, combining our skills and knowledge means Payescape can continue our growth trajectory and advance our offering.”

Steve Sarowitz, the Billionaire founder of the US payroll company, Paylocity (PCTY) and joint owner of Payescape, commented, “Payroll software is at the heart of our business model and until now we have relied on a third-party software to process our UK payrolls. Acquiring PayRun.io will allow us to be more efficient and productive in how we deliver our service.”

Stuart Hall from PayRun.io, who is no stranger to building successful software companies and sold his company to Intuit in 2014, said, “We are excited about the opportunities ahead and the success we can achieve together.”

Payescape has over 1,200 clients in the UK and has seen a 40% growth in sales in 2019.

Adrian Geffert, Sales and Marketing Director, added, “Having our own payroll engine means Payescape will have access to new markets and integration possibilities we haven’t seen before.”

Payescape, founded in 2006, has customers throughout the UK and Ireland, offering payroll, HR and time management solutions. Through customer focus and innovation, they remove the burden of workload from their clients across all industries sectors to deliver a simple, reliable and compliant service.

This News has been Published in Partnership with PR Newswire

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