This past week, Netherlands-based AI recruitment software provider Textkernel announced the takeover of US-based Sovren, a company specialised in CV parsing and semantic matching, based on AIM (Artificial Intelligence Matching) components. From the outside looking in, Textkernel and Sovren’s businesses are very much alike. Which looks set to benefit them both.
“This helps us tremendously to become a worldwide technology leader in the field of talent acquisition and management.”
“This will only support our further growth as a worldwide AI platform that matches people with jobs”, Textkernel CEO Gerald Mulder told Werf&. “With the acquisition of Sovren, we find ourselves in an exciting new phase of a journey that has taken 20 years. This helps us tremendously to become a worldwide technology leader in the field of talent acquisition and management.”
Combined client base of 2.500
Textkernel and Sovren now combine for a number surpassing 2.500 customers. Ranging from corporates to employment agencies, job boards, executives, consultancies and HR customer tech companies. “We’re constantly bringing the latest developments in the world of AI tech into the hands of our clients”, Mulder said. “We help companies automate their recruitment and talent management processes.”
“As a combined organisation, we are now able to offer solutions for every field and in more languages.”
The two companies combine for an unrivalled total of 46 years of experience in the field of CV parsing and matching technology. “Across all sectors, talent acquisition and talent management is steadily becoming a digital, and automated process. Our customers and partners trust us to deliver the goods with which they can make that change a reality. As a combined organisation, we are now able to offer solutions for every field and in more languages.”
A remarkable year
It’s been a remarkable year for Textkernal. The takeover of Sovren comes on the back of Textkernel’s #1 overall prize at the prestigious Main 50, a Netherlands-based ranking for successful software companies. Textkernel was also recently named as one of the leading AI-companies by CIO Applications Europe.
All of the above could lead to Textkernel’s timely ascension to one of the world’s leading AI suppliers for recruitment and talent management. “It’s hard to say”, Mulder said. “We may not be as big as IBM, but we’re confident in our position as market leader within our area of expertise. If that wasn’t already the case.”
- What will happen to the regulation landscape of artificial intelligence in recruitment?
- The evolution of RPO: ‘In an ideal recruitment model, RPO does 95% of all the recruiting’