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Zvoove Group Acquires Dutch Software Provider Recruitnow Strengthening Its Position As Market Leader In Europe

Jun 13, 2023•over 2 years ago

Acquiring Company

zvoove

Acquired Company

RecruitNow

WietmarschenSoftware Development

Description

zvoove Group, the leading provider of digitization solutions for staffing and cleaning service providers in Europe, has acquired RecruitNow, the market leader in the Netherlands for ATS (Applicant Tracking Systems) and recruiting solutions for temp staffing companies. Following last year's merger with ERP specialist Pivoton, this makes zvoove Group number one in the Dutch market for digitization solutions in temp staffing and cleaning services.

Company Information

Company

zvoove

Location

Wietmarschen, Niedersachsen, Germany

About

zvoove Group is the market-leading provider of SaaS solutions for temporary staffing and cleaning service providers in Europe. In a dynamic ecosystem of service providers, staff and companies, zvoove improves the working environment by providing end-to-end digitalisation solutions for service providers, increased job offers and career opportunities for employees as well as a reliable workforce for companies. More than 4,200 clients and over 65,000 end-users are already placing their trust in zvoove. They use zvoove’s solutions to manage 700,000 staff, 12 billion euros in annual salary payments as well as more than two million job applications received every year. zvoove employs more than 400 employees in 13 locations across Europe. www.zvoove.com

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