News

Snagajob acquires PeopleMatter

June 23, 2016

Snagajob has acquired PeopleMatter, in hopes of creating a market-leading human capital management platform for the hourly market that addresses every aspect of the talent lifecycle, said Peter Harrison, CEO of Snagajob.

"We are incredibly excited to welcome the PeopleMatter team to Snagajob," he said. "As employers struggle with a challenging hiring environment, the joining of our companies couldn't be better timed. Adding PeopleMatter's best-in-class products to our existing market-leading portfolio will help employers of all sizes more easily find, hire and manage their hourly workforce."

The acquisition will expand Snagajob's existing portfolio and offer a suite of cloud-based products designed to accelerate the time and effort it takes to find, hire and manage an hourly workforce, according to a company press release that also stated that the partnership provides tools for candidate sourcing, screening, tracking, hiring, onboarding, training, scheduling and performance management. It will also include a wide range of integrations to industry-leading background checks, payroll and point-of-sale partners, Harrison said.

Through its work with more than 70 million members and 200,000 employers and a mobile app consistently ranked as a top five app for business productivity in the App Store and Google Play, Snagajob has expanded its strategic vision to offer digital and mobile solutions to small- and medium-sized businesses, as well as large enterprise employers with high-volume hiring needs, according to the release.

The addition of PeopleMatter's widely used applicant tracking and employee onboarding tools will further expand the company's ability to offer more to employers with recruiting, hiring, onboarding and workforce management needs, said Jay Nathan, vice president of customer success at PeopleMatter.

"We have been focused on taking PeopleMatter to the next level through building innovative solutions, growing our total addressable market and working to transform how the hourly market works," he said. "Combining with Snagajob allows us to do this and more. Joining the hourly market's top 'find' solution and full-featured 'hire' and 'work' solution creates a powerful, unmatched product set. We now can be a part of something bigger, expand our reach, and make a larger impact on the hourly market."

Today's announcement is the latest step in Snagajob's recent growth momentum. Earlier this year, the company secured $100 million in funding, announced a partnership with LinkedIn, and hired former OpenTable head of product Jocelyn Mangan as chief product and marketing officer. The company had a direct hand in hiring more than 3 million people last year alone and has nearly doubled its revenue from employers in the last few years, Harrison said.