OutMatch Acquires Recruitment Automation Platform LaunchPad to Provide New, Candidate-Driven Digital Hiring Experience
Acquisition significantly expands OutMatch’s digital hiring platform and global go-to market strategy
OutMatch, a leading SaaS talent intelligence platform, announced its acquisition of LaunchPad, an end-to-end recruitment automation platform. This acquisition creates a first-of-its-kind candidate-driven talent selection platform that marries automation and AI bringing efficiency and data 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,” says 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 launching a new talent selection platform that ties candidate screening, assessments, video interview, and AI-driven predictive analytics into a single integrated, automated workflow platform. This will result in faster, more accurate hiring results that provide organizations with the clarity, insight, and speed needed to match the right candidate with the right job.
The new platform leverages the combined capabilities of OutMatch and LaunchPad to provide:
- Better hiring decisions informed by data-backed insights
- Enhanced candidate experience and satisfaction
- Reduced talent acquisition time on administrative tasks and increased time spent hiring great people
- Reduced hiring bias
“The talent acquisition process is traditionally time-consuming, inefficient, and inconsistent, issues only compounded by COVID-19,” says 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.”
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OutMatch is a portfolio company of Rubicon Technology Partners (headquartered in Boulder, Colorado) and Camden Partners (headquartered in Baltimore, Maryland). Goldenhill International acted as financial advisor to LaunchPad. Lightning Partners acted as the buy side financial advisor to Outmatch on the transaction.