News: US PE firm Turn/River Capital acquires Recruiterbox

HR Technology

US PE firm Turn/River Capital acquires Recruiterbox

Subsequent to the acquisition, HR technology platform, Recruiterbox will merge under the Applied Training Systems Inc (ATSI) banner of Turn/River.
US PE firm Turn/River Capital acquires Recruiterbox

In an undisclosed all-cash deal, Bengaluru based, HR technology platform Recruiterbox has been acquired by San Francisco based private equity firm Turn/River Capital. Turn/River specializes in growth capital investment, acquisition, and recapitalization of web and SaaS companies. And this acquisition will play a key role in Turn/River's strategy to build a suite of HR Technology products. The US-based PE firm has also acquired other HR tech companies like ReviewSnap and Trakstar under the Applied Training Systems Inc (ATSI) banner. 

Software-as-a-Service (SaaS) Recruiterbox offers a web-based applicant tracking software to streamline the process of hiring for companies. It was founded by Girish Redekar, Raghuveer Kancherla and Raj Sheth in 2011. 

“Everyone in the team continues to work in exactly the same roles as before. Turn/River Capital will help with its expertise on the sales and marketing side — in accelerating the growth of SaaS companies. The cherry on the cake is that everyone in the team receives stock options in the new combined entity,” said Girish Redekar, Co-Founder of Recruiterbox.

Recruiterbox through its software provides all hiring-related information in one central place for instance, who has applied for a certain opening, stage of the interview process and so on. Companies like Stripe, Skyscanner, and Levis have utilized Recruiterbox to grow their operations.

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Topics: HR Technology

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