Cirencester, UK, Tuesday 3rd October 2017: Kallidus, a leading provider of learning and talent management solutions, today announced that it has acquired recruitment software provider Advorto to support the next stage of its growth strategy. The move creates a best-in-class provider of a complete SaaS (Software as a Service) end-to-end solution for learning, performance, 360, recruitment and talent management dedicated to helping organisations manage the entire employee development life cycle more effectively. Kallidus are helping the likes of Eurostar, Transport for London, NHS and many major UK high street brands to simplify and modernise their Learning and Talent processes and create exceptional employee experiences.
Advorto is a leading provider of SaaS recruitment technology and services to some of the UK’s largest organisations including Lloyds Banking Group, NHS and TSB. Advorto’s recruitment software allows HR teams to manage the entire recruitment process, providing the necessary tools to reduce time to hire and overall recruiting costs. Fully-audited records for all vacancies, applications and candidates makes it the perfect solution for public sector bodies who have to be transparent in all their processes as well as blue-chip organisations requiring greater visibility of their processes.
Commenting on the acquisition, Rob Caul, CEO of Kallidus, said: “Having previously worked together under a joint venture arrangement, we are delighted to have acquired Advorto as they have a fantastic product with an impressive blue-chip customer base. The acquisition supports our growth strategy and creates a best-in-class provider for end-to-end software solutions which support employee development all the way through from initial hire to high flyer. We’re really excited about the future that lies ahead and the opportunity to help organisations transform their talent and recruitment processes.”
As competition for talent intensifies with increased global mobility and rising labour costs, more than ever, organisations need innovative tools to help them attract, nurture and retain the best talent. As a result, demand for cloud-based full suite Human Capital Management (HCM) solutions are set to grow from $14.5 billion in 2017 to $22.51 billion by 2020 (MarketsandMarkets).
Michael McClelland, CEO at Advorto, commented: “Kallidus has a tremendous brand, customer base and offering and we are delighted to be joining their team. Organisations are increasingly looking to simplify their people management processes and make them more effective with end-to-end solutions, and together with Kallidus we are really well placed to meet this need.”