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Paycor Acquires Talenya To Extend Industry-Leading Technology Platform With Ai Recruiting

Oct 14, 2022about 3 years ago

Acquiring Company

Paycor

Acquired Company

Talenya

CincinnatiEnterprise SoftwareSaasSoftware

Description

Paycor HCM, Inc. ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, today announced the acquisition of Talenya, a cutting-edge, AI-driven recruiting platform that automatically sources quality talent faster and at a significantly lower cost. Talenya's innovative platform will allow Paycor customers to reduce time to fill critical roles by sourcing both candidates that are actively looking to change jobs and passive candidates that are not actively seeking a new role. In addition, the award-winning AI recruiting platform will help companies executing against their DE&I strategy by placing an emphasis on diverse candidates that are often overlooked by traditional recruiting systems.

Company Information

Company

Paycor

Location

Cincinnati, Ohio, United States

About

Paycor HCM, Inc. is a leading provider of human capital management (HCM) software, with a focus on modernizing every aspect of people management, from recruiting, onboarding, and payroll to career development and retention. The company aims to provide a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed