Two Hourly Market Leaders Combine to Create Unmatched Human Capital Management Platform For the Hourly and Service Industries
Arlington, Virginia – June 23, 2016 – Snagajob announced that it is acquiring PeopleMatter, uniting two of the leading providers of hourly market hiring solutions. The combination will create the market-leading human capital management platform for the hourly market that addresses every aspect of the talent lifecycle.
The acquisition unites best-in-class human capital solutions for the hourly market that can scale from a single location to Fortune 500 businesses with thousands of locations. It will expand Snagajob’s existing portfolio and offer an unmatched suite of cloud-based products designed to accelerate the time and effort it takes to find, hire and manage an hourly workforce.
The joint offer includes tools for candidate sourcing, screening, tracking, hiring, onboarding, training, scheduling and performance management. It will also include a wide range of integrations to industry-leading background checks, payroll and point-of-sale partners.
“We are incredibly excited to welcome the PeopleMatter team to Snagajob,” says Peter Harrison, CEO of Snagajob. “As employers struggle with a challenging hiring environment, the joining of our companies couldn’t be better timed. Adding PeopleMatter’s best-in-class products to our existing market-leading portfolio will help employers of all sizes more easily find, hire and manage their hourly workforce.”
Through its work with over 70 million members and 200,000 employers, Snagajob is already the nation’s leading marketplace connecting hourly workers with hourly employers. With a mobile app consistently ranked as a top five app for business productivity in the App Store and Google Play, Snagajob has expanded its strategic vision to offer digital and mobile solutions to small and medium businesses, as well as large enterprise employers with high-volume hiring needs. The addition of PeopleMatter’s widely used applicant tracking and employee onboarding tools will further expand the company’s ability to offer more to employers with recruiting, hiring onboarding and workforce management needs.
“We have been focused on taking PeopleMatter to the next level through building innovative solutions, growing our total addressable market and working to transform how the hourly market works,” said Jay Nathan, vice president of customer success at PeopleMatter. “Combining with Snagajob allows us to do this and more. Joining the hourly market’s top ‘find’ solution and full-featured ‘hire’ and ‘work’ solution creates a powerful, unmatched product set. We now can be a part of something bigger, expand our reach, and make a larger impact on the hourly market.”
“I have worked with both Snagajob and PeopleMatter and really see the synergies with these two companies coming together,” said Jeanne Graves, vice president of human resources for Del Taco. “Nearly 6,000 of the 20,000 job applications we receive each quarter come through Snagajob and seamlessly flow into our PeopleMatter applicant tracking and onboarding system. We are seeing the best bang-for-our-buck. We have so many quality applicants at this point, we don’t know what to do with them all. It’s a great problem to have.”
The announcement is the latest step in Snagajob’s recent growth momentum. Earlier this year, the company secured $100 million in funding, announced a new strategic partnership with LinkedIn, and hired former OpenTable head of product Jocelyn Mangan as chief product and marketing officer. The company had a direct hand in hiring over three million people last year alone and has nearly doubled its revenue from employers in the last few years.
Subject to customary closing conditions, the transaction is expected to close later this month. In the near term, customers can expect to interact with each company as they always have. Once the integration is complete, Snagajob expects customers to enjoy an expanded offering that draws upon the breadth of expertise from both companies.
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