SAP Acquires SmartRecruiters: Expanding HR Technology Capabilities

SAP to Acquire Recruiting Software Firm SmartRecruiters

SAP revealed on Friday an agreement has been made to purchase SmartRecruiters, a company specializing in recruiting software.

According to a press release issued by the European-based software leader, SmartRecruiters’ intuitive interfaces and efficient workflows will enhance SAP’s current suite of Human Resources solutions.

Enhancing the Candidate Lifecycle

Muhammad Alam, a member of the SAP executive board responsible for product and engineering, stated that this acquisition will allow clients to oversee the complete candidate journey.

This encompasses everything from initial candidate sourcing and interview processes to onboarding procedures and subsequent stages, all within a unified platform.

The aim is to simplify the experience for recruiters, hiring managers, and most importantly, the candidates themselves.

Deal Details and Valuation

The financial specifics of the acquisition have not been publicly revealed.

However, the completion of the deal is anticipated during the final quarter of the current year.

SmartRecruiters’ most recent funding round, a Series E, secured $110 million in 2021.

At that time, the company was valued at $1.5 billion.

SAP’s move signifies a strengthening of its position in the talent management market.

The integration of SmartRecruiters’ technology is expected to provide a more comprehensive and streamlined experience for all parties involved in the hiring process.