This acquisition is an incredible strategic fit for both organizations.
(PRWEB) October 11, 2017
Rchilli announced today that it is acquiring CandidateZip, a provider of resume/CV parsing and candidate data automation technology. Rchilli helps organizations across the globe capture, manage, enrich and analyze candidate and jobs data through its cloud-based technology and unique integration platform.
The acquisition will not affect CandidateZip's current client relationships, and the company will continue to do business independently under its own brand. Going forward, the CandidateZip team will work to align and integrate its offerings with those of RChilli.
"This acquisition is an incredible strategic fit for both organizations," said Vinay Johar, CEO of Rchilli. "We're bringing together two great parsing technologies to create an industry powerhouse. We're also expanding Rchilli's presence in key sectors of the global marketplace, including advertising, sales and marketing. In addition, we're greatly accelerating our market penetration among one of our most important client bases: enterprise organizations."
Johar said that enterprise company in particular face a rapidly growing influx of candidate data and need a comprehensive solution to help them capture this data, organize it and analyze it efficiently. The combined Rchilli/CandidateZip offering will be perfectly suited to these tasks.
"We're also delighted to be adding CandidateZip's unique connection application to our offerings," Johar said. The CandidateZip application connects all of the various talent applications used by employers, job boards, applicant tracking systems and others. The app is especially useful to organizations that don't have an IT team but wish to use parsing technology or integrate their talent applications.
"We're very excited about this acquisition and we expect it to bring us strong growth in 2018," he stated.
Rchilli helps organizations capture, manage and analyze resume/CV data with incredible ease and accuracy. Our comprehensive technology parses talent data, enriches it with the latest information from candidates' social media and online profiles, and matches the ideal candidates to jobs through a powerful semantic search capability. The RChilli Platform unifies all of our services and integrates them with powerful talent-related apps from a growing community of top HR technology companies. With a team of dedicated experts and a growing global presence, Rchilli is known throughout the industry for its unparalleled customer support and its devotion to continuous improvement. To learn more about us, visit Rchilli.com.