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As part of the acquisition, OutMatch is introducing a new talent selection platform that ties video interviews, assessments, candidate screening, and AI-driven predictive analytics into a single integrated, automated workflow platform.
FREMONT, CA: OutMatch, a leading SaaS talent intelligence platform, declared its acquisition of LaunchPad, an end-to-end recruitment automation platform. This acquisition builds a first-of-its-kind candidate-driven talent selection platform that marries automation and AI, bringing data and efficiency to the hiring process.
"Combining LaunchPad's state-of-the-art automation and AI technology with OutMatch's data-driven assessment offerings will create a market-leading solution with global scale and enable companies to maximize the lifetime value of their employee base," stated OutMatch CEO, Greg Moran. "The OutMatch platform will allow candidates the opportunity to move at speed through the selection process with full transparency, while talent acquisitions teams can drive unprecedented 25x or greater ROI."
As part of the acquisition, OutMatch is introducing a new talent selection platform that ties video interviews, assessments, candidate screening, and AI-driven predictive analytics into a single integrated, automated workflow platform. This will lead to faster, more accurate hiring results that provide organizations with the insight, clarity, and speed needed to match the right candidate with the right job.
"The talent acquisition process is traditionally time-consuming, inefficient, and inconsistent, issues only compounded by COVID-19," stated Will Hamilton, LaunchPad CEO. "Technology must adapt and be able to support a more diverse and ever-changing array of hiring needs while still driving improved efficiency. We believe OutMatch will completely transform the nature of hiring, driving recruiter productivity while enhancing transparency for candidates."
OutMatch is a portfolio company of Rubicon Technology Partners (headquartered in Boulder, Colorado) and Camden Partners (headquartered in Baltimore, Maryland). Goldenhill International was the financial advisor to LaunchPad. Lightning Partners acted as the buy-side financial advisor to Outmatch on the transaction.