Ohio, the U.S.A-based leading provider of human capital management (HCM) software, Paycor acquired Talenya. The company announced the acquisition on October 14, 2022. Talenya is a U.S.A-based cutting-edge, AI-driven recruiting platform. However, the company did not disclose the financial details pertaining to the transaction.

Purpose of acquisition by Paycor

The acquisition of Talenya’s innovative platform allows Paycor customers to reduce the time to fill critical roles. It can now source both candidates actively looking to change jobs and passive candidates not actively seeking a new position. 

In addition, the award-winning AI recruiting platform will help companies execute their DE&I strategy by emphasizing diverse candidates often overlooked by traditional recruiting systems.

Meanwhile, Paycor has plans to begin offering an integrated solution in the first quarter of 2023. 

What the Paycor official has to say

Raul Villar, Jr., Chief Executive Officer of Paycor, said, “Given the importance of recruiting and retaining top talent in this highly competitive labour market, Paycor is dedicated to giving leaders the technology and expertise they need to develop winning teams. This AI-powered technology will enhance our industry-leading talent solution, making it even easier for frontline leaders to find skilled and diverse talent quickly and cost-effectively proactively. We are excited to welcome Talenya to the Paycor family.”

In addition, Swati Garodia, Chief Strategy Officer of Paycor, said, “Finding, interviewing, and hiring qualified candidates quickly is one of the biggest challenges facing our customers today. Talenya’s virtual recruiter will enable our clients’ frontline leaders to attract, assess, and hire top talent faster, so they can focus more time on leading, coaching and engaging their teams. AI recruiting is another strategic differentiation for our platform and another example of how Paycor continues to transform modern, cloud HCM.”

What the Talenya official has to say

Gal Almog, Co-Founder and Chief Executive Officer of Talenya, said, “We are proud of what the Talenya team has accomplished in the last few years. We are thrilled to join forces with Paycor, a leader in HCM, and help leaders find and hire the right talent in a more efficient way. Paycor, with its unique focus on frontline leaders, is the ideal partner to help us drive growth and scale.”

About Paycor

Bob Coughlin launched Paycor in 1990. The leading human capital management (HCM) management software modernizes every aspect of people management, i.e., recruiting, onboarding and payroll to career development and retention. However, the company gives importance to leaders. The company has served more than 29000 users.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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