VIENNA, AUSTRIA (January 25, 2022) – Firstbird, the global leader in SaaS-based employee referral programs today announced its plans to merge with Radancy, the US-based global talent technology leader. Headquartered in New York, Radancy offers a unified talent acquisition platform that revolutionizes how employers attract and hire the talent they need. The merger with Radancy is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions, including certain regulatory approvals.
This strategic merger combines Firstbird’s innovative referral technology with Radancy’s unified platform and accelerates Firstbird’s vision to become the global standard for employee referrals. Together, they will provide global clients with new and essential touchpoints along the entire candidate journey, connecting people to careers and companies with qualified candidates to solve their most critical talent acquisition challenges.
“At Firstbird, our mission has always been to be the global standard for employee referrals. With Radancy we can now provide our customers with highly experienced local teams and service excellence across the world,” says Arnim Wahls, CEO of Firstbird. “Together, our combined products provide us with a unique offering to enable enterprises to attract and hire the talent they need.”
“From the first meeting I knew Firstbird checked every box for us. The people, the technology and the opportunity to expand Radancy’s reach within the DACH market made this a perfect match,” said Michelle Abbey, President and CEO of Radancy. “I’m excited to integrate their technology into our global unified platform and continue to transform talent acquisition for our customers.”
The company will operate as Firstbird, a Radancy Company, and be led by its current Chief Executive Officer, Arnim Wahls, and Chief Commercial Officer, Matthias Wolf.
Venero Capital Advisors served as the financial advisor to Firstbird throughout this process.
Radancy is a portfolio company of Gemspring Capital.
About Firstbird
Firstbird is the global leader in SaaS-based employee referral programs for enterprise companies. With Firstbird, employees become brand ambassadors and referrals become a company’s most successful recruiting channel. With significant expertise implementing employee referral programs in enterprises around the world such as McDonald’s, Arvato Bertelsmann and Deloitte, Firstbird offers the technology, the strategic advisory and the service in all areas that influence the long-term success of a referral program. For more information, visit 2019.firstbird.com.
About Radancy
Radancy is the global talent technology leader intelligently solving the most critical challenges for employers and delivering results that strengthen their organizations. Radancy’s unified platform, augmented by rich data and deep industry expertise, is revolutionizing how employers attract and hire the talent they need. For more information, visit www.radancy.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.
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