Finnish HR startup Sympa said it was merging with Amsterdam-headquartered Recruitee, a leading provider of applicant tracking systems in central Europe and the United States.
Details of the deal were not disclosed, but it seems Sympa is the active party in the merger with its investor PSG remaining the main shareholder and Sympa investor Alfvén & Didrikson retaining its minority stake after first investing in Sympa in 2016.
Going forward, customers will benefit from the expanded combined product offering, consisting of a leading talent acquisition platform and a comprehensive core HR platform, as well as the group’s significantly increased geographic reach, Sympa said.
The combined group will have over 4,000 customers across Europe and the USA, and a team of over 250 employees. Global brands such as Autobahn, Red Bull Media House, Innocent Drinks, Breitling, Oatly, BMW, Toyota, TNT, Dustin, and Byggmax, use the software today to acquire the best talent, hire more efficiently, nurture the development of their employees, and make smarter strategic decisions.
The 2014-founded PSG is a growth equity firm that partners with leading software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 65 companies and facilitated over 275 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams.