Through this acquisition, Acendre accelerates its innovation trajectory with an infusion of talent and cutting-edge features including advanced workflows, automated onboarding, video interviewing and resume parsing that will help customers accelerate their hiring and offer a best-in-class candidate experience in today’s dynamic and highly competitive labor market. Existing Vacancy Filler customers will benefit from Acendre’s best-in-class analytics and learning management solutions in addition to the combined company’s global support and development resources.
Vacancy Filler provides innovative recruiting and onboarding software to customers in the education, government and healthcare sectors, among others. Vacancy Filler’s software helps its customers source talent through tight integrations with leading job sites, efficiently manage candidates through the recruiting process using advanced process automation features and seamlessly onboard new employees to the organization.
“The world of work is rapidly changing. The more flexible we are as an organization in sourcing talent, the nimbler and faster we can innovate,” said Otto Berkes, Chief Executive Officer at Acendre. “The same is true for customers. Throughout this process, we have been impressed with the best-in-class approach Vacancy Filler has in supporting their customers. We look forward to collaborating with the talented Vacancy Filler team as we bring them into our global Acendre family and accelerate our collective work.”
Alex Khakbiz, CEO and Founder at Vacancy Filler notes “at Vacancy Filler we take great pride in building and maintaining customer relationships. For us, any opportunity to grow had to present meaningful value for our existing customers. We are delighted to begin the next chapter of our company’s journey with Acendre, which will enable us to accelerate innovation, further improve our services, and showcase our Loughborough, UK-born technology offerings on a global scale.”
The acquisition of Vacancy Filler marks Acendre’s second acquisition since Strattam Capital’s majority investment in 2018 to enable Acendre to accelerate growth. Acendre acquired ICS Learning, the industry’s leading eLearning solution provider, in May 2019. Foresight Group, a leading UK private equity investor, will exit Vacancy Filler as part of the transaction.
Alex Khakbiz, CEO at Vacancy Filler said:
“Acuity’s hands on approach, extensive knowledge of the software sector and understanding of our business was clearly evident throughout our engagement. The team worked tirelessly, supporting and advising us every step of the way. We are excited by the new opportunity in front of us and would like to thank Acuity for its pivotal role in delivering this transaction.”
David Miles, Senior Investment Manager at Foresight Group said:
“Acuity acted in a highly efficient and professional manner from start to finish. Their hard work was instrumental in getting the deal to completion and delivering a great result for the shareholders.”
David Copp, Director at Acuity Advisors said:
“We are delighted to have worked with the Vacancy Filler team and Foresight Group to deliver both a great transaction and exciting new growth opportunity in the HR SaaS space. The combination of Vacancy Filler’s market leading Applicant Tracking System and Acendre’s talent management software is highly compelling and we wish them all the best with their ambitious plans.”
Richard Baker, Managing Partner at Acuity Advisors said:
“The acquisition of Vacancy Filler by Acendre highlights Acuity’s expertise as a European mid-market technology sell-side advisor. This transaction is another addition to Acuity Advisors’ strong credentials in the Software sector, I am delighted that David and the rest of the Acuity team have achieved this result for our client.”