Infusion of Funding and New Client Acquisitions Key to Company’s Recent Momentum
SAN FRANCISCO (July 20, 2016) – Entelo, the leading provider of enterprise software for data-driven recruiting, strengthened its industry leadership position with news today of a strong first half of 2016, including numerous new client wins, the close of $12 million in Series B funding, expansion of the company’s team and inclusion in a top talent management technology research report.
“The talent market is evolving faster than ever before, so it essential for recruiters to use the latest technologies to stay ahead. Our triple-digit growth is evidence that Entelo is becoming an indispensable platform for talent acquisition and recruiting teams,” said Jon Bischke, CEO and co-founder of Entelo. “We’re growing well and look forward to continuing our momentum into the next stage of our company’s journey.”
Most recently, Entelo was named a Hot Vendor in Talent Management for 2016 by Aragon Research, a technology-focused research and advisory firm. The report focuses on solution providers who are distinguishing themselves through the delivery of cutting-edge products, services or technologies.
One of four solutions considered highly innovative in the HR market, according to Aragon’s Hot Vendors report, “What makes Entelo hot is its full recruiting platform that integrates with leading ATSs and leverages employee-employer pairing algorithms. … Entelo’s algorithms are unique and effective, and allow employers to more predictably hire from a robust pipeline of qualified, diverse candidates. Entelo…is one of the most comprehensive recruitment solutions for employers.”
Funding Fuels Rapid Growth
Led by venture capital firm Shasta Ventures and with the participation of existing Entelo investor Battery Ventures, Entelo announced a $12 million Series B financing round in May. In a tight market for talent, the ability to quickly and effectively find and evaluate candidates can make the difference between bringing a new hire into an organization – or not. Entelo Stack, a recent addition to the Entelo platform, automates the process–through predictive analytics, company-defined criteria, and proactive workflow–that recruiters and hiring managers use to review and evaluate candidates. Entelo Stack also reduces unconscious bias by anonymizing candidate information during review.
Strategic Team Additions
As Entelo continues to capitalize on the growing market demand for its intelligent recruiting platform, the company has recently hired several industry leaders to join its team.
● Scott Jones, former GM at Responsys and VP of Marketing at Origami Logic
● Ramesh Sethuraman, former VP of Finance at Bill.com
● Lisa Kostova, former VP of Product at Bright
New Customer Acquisitions
In Q2, Entelo added to its roster of Fortune 1000 and high-growth customers. New organizations that will be benefiting from the Entelo platform include: Amgen, Bridgestone, Cerner, CommVault, Dunkin Brands, Irvine Company, Mellanox, Oracle, Reddit, Sodexo, and Survey Monkey.
“Our growth is a testament to our ability to deliver value to our customers. Our continued product innovation and unwavering focus on the success of our customers has helped us get to where we are today. We are more excited than ever to continue on both fronts as we improve the way companies find and hire great people,” added Bischke.
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