NEW YORK, January 25, 2022 /CNW/ — Radancy, the global leader in talent technology, is pleased to announce its intention to acquire Firstbird, a global leader in SaaS-based employee referral programs. Situated at Vienna, Austria, Firstbird offers a comprehensive software solution to digitize and streamline the employee referral process. The acquisition of Firstbird is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions, including certain regulatory approvals.
This strategic acquisition combines Firstbird’s innovative SEO technology with Radancy’s unified talent acquisition platform. Together, they will provide global clients with enhanced touchpoints throughout the candidate journey, connecting people to careers and companies with qualified candidates to solve their most critical talent acquisition challenges.
“From the first meeting, I knew Firstbird ticked all the boxes for us. Radancy’s people, technology and the ability to expand Radancy’s reach into the DACH market made them a perfect match,” said Michelle Abbey, President and CEO of Radancy. “I’m excited to integrate their technology into our unified global platform and continue to transform talent acquisition for our clients.”
“At Firstbird, our mission has always been to be the global standard for employee referrals,” said Arnim Wahl, CEO of Firstbird. “With Radancy, we can now provide our clients with highly experienced local teams and service excellence across the globe. Together, our combined products give us a unique offering to enable businesses to attract and hire the what they need.”
The company will operate as Firstbird, a Radancy company, and will be led by its current chief executive. Arnim Wahl.
Radancy is a portfolio company of Gemspring Capital.
Radancy is the global talent technology leader that intelligently solves the most critical challenges for employers and delivers results that strengthen their organizations. Radancy’s unified platform, complemented by rich data and deep industry expertise, is revolutionizing the way employers attract and hire the talent they need. For more information, visit www.radancy.com.
Firstbird is the global leader in SaaS-based employee referral programs for businesses. With Firstbird, employees become brand ambassadors and referrals become a company’s most effective recruiting channel. With significant expertise in implementing employee referral programs at companies around the world such as McDonalds, Arvato Bertelsmann and Deloitte, Firstbird offers technology, strategic consulting and service in all areas that influence success. term of a referral program. For more information, visit www.firstbird.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticutprivate equity firm based in $1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to help drive revenue growth and value creation. Target companies have up to $500 million of revenue and are in the aerospace and defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and technological services, or specialized manufacturing sectors. For more information, visit www.gemspring.com.
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