SaaS based HR solutions provider PeopleStrong has just announced the acquisition of referral software provider, Grownout. The latter’s B2B platform was bought by PeopleStrong for an undisclosed amount – the move will lead to deeper integrations between the two companies.
PeopleStrong Alt, their proprietary HR technology, becomes one of the biggest recruitment environments based out of India, as a result of the move. It’d cover all the essentials, from talent sourcing, finding the perfect match, generating offers, and employee onboarding. The entire pipeline is powered by machine learning (ML) frameworks.
Grownout is part of Matrix Partners, a portfolio company headed from India. The company launched in 2014 with the mission of simplifying recruitment processes, and managing referrals is an important milestone.
This article was published on HR Technologist