A significant development is unfolding in the job search and recruitment sector as Vettery has completed the acquisition of Hired.

This announcement arrives after a recent report from The Information indicated that Hired was in the process of divesting its assets and preparing to cease operations. The report also noted that Hired’s CEO, Mehul Patel, had “suddenly resigned” through a Zoom meeting in early October.

The official statement regarding this matter simply conveys that Patel is departing to “explore new ventures,” with Vettery CEO Josh Brenner assuming the role of chief executive for the newly combined organization.

Brenner explained that the two platforms are largely distinct, sharing only approximately 5% of the same customers. He highlighted Hired’s development of AI-powered job-matching technology – alongside talent evaluation and bias mitigation tools – which is particularly effective for roles in software and engineering. Vettery, he stated, provides “a wider range of support across different industries.”

“The primary goal is to achieve greater scale within these marketplaces,” Brenner stated. “We anticipate this combination will present a strong challenge to established hiring solutions.”

When questioned about the future branding of the combined entity, Brenner indicated, “We envision a single brand identity eventually. Currently, we are maintaining both brands while conducting research to determine the optimal path forward.”

Founded in 2012, Hired secured over $130 million in funding, as per Crunchbase data. Vettery, established in 2014, was previously acquired by HR services company Adecco Group two years ago.

The specifics of the acquisition’s financial details have not been revealed.

Regarding the number of Hired employees who will join Vettery, Brenner stated that it is premature to provide a definitive number during this transitional phase. However, he added, “Hired possesses not only a valuable client base but also a highly skilled team that we have long admired and become acquainted with. We are optimistic about integrating as many of these talented individuals as possible.”