News: Careerbuilder acquires Workterra

#MergersAndAcquisitions

Careerbuilder acquires Workterra

With an aim to expand the array of features it provides, CareerBuilder recently acquired a benefits administration and talent management software company Workterra.
Careerbuilder acquires Workterra

CareerBuilder, a company best known for its online job boards, said Tuesday it has acquired California-based benefits administration and talent management software company Workterra.

Although primarily thought of as a job recruitment site, Chicago-based CareerBuilder has recently expanded its scope to include an entire suite of human resources products, including pre-hiring services, job distribution, sourcing workflow, and analytics.

“This acquisition is a defining moment because it enables us to step beyond recruitment and become an end-to-end human capital management firm,” says Matt Ferguson, CEO of CareerBuilder. “Working together, we will bring an unprecedented scope of innovation to market that will solve critical issues clients face in hiring, developing and managing employees.”

“We’re excited to become part of a company that is known for having a strong brand and superb technology and customer service,” says David Rhodes, CEO of WORKTERRA. “WORKTERRA’s and CareerBuilder’s solutions will perfectly complement one another and bring more options, efficiencies and value to our clients for both the pre-hire and post-hire side of business.”

The terms of the deal were not disclosed.

Pleasanton, California-based Workterra provides cloud-based technology that facilitates human capital management including benefits administration, benefits enrollment, and Affordable Care Act compliance for more than 600,000 people.

 “While you’ve been able to rely on us for your talent acquisition and pre-hire needs, you can now look to us for your post-hire solutions, too. Last year we introduced Talentstream Recruit, a pre-hire platform that lets you post to 7,000 job sites and social media outlets, access 100 million candidate profiles, build optimized career suits, manage recruitment workflow and more. It allows you to manage the entire pre-hire experience from one interface. With WORKTERRA, we’ll be able to help you complete the entire candidate experience, from sourcing to employment” wrote CareerBuilder explained in a blog

The acquisition is another step in CareerBuilder's quest to become a full-service human capital management provider. ChicagoInno reported earlier this year that the company acquired Aurico, an Arlington Heights company that does background screenings and drug-testing services.

 

Topics: #MergersAndAcquisitions

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