CareerBuilder Transitions into Strategic Partnership with Textkernel; Continues Increased Investment in Core Talent Acquisition Services
Comprehensive Cross-Licensing Agreement & Multi-Year Commercial Partnership Formed with Textkernel and Main Capital Partners
Global HR technology leader CareerBuilder announced it has sold its ownership of Textkernel to Main Capital Partners, a strategic investor in the software industry active and based in North-Western Europe. As part of the transaction, CareerBuilder and Main Capital Partners have formed a multi-year strategic partnership allowing the organizations to continue to work together to innovate and deliver world-class, AI-powered solutions in the talent acquisition space.
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For CareerBuilder, the transition to a partnership model allows the company to continue offering Textkernel services to clients while increasing investment in its core Talent Acquisition Suite. As the only dual-sided talent acquisition platform designed to serve both employers and candidates, CareerBuilder uses technology to optimize every stage of the hiring funnel, lower costs and improve hiring, management and career outcomes.
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“CareerBuilder has a long-standing history of leveraging data and insights to develop AI-powered solutions that remove friction and pain points for our clients,” said Irina Novoselsky, CEO of CareerBuilder. “For the past five years, Textkernel’s multi-lingual machine learning intelligence has built upon our existing English language capabilities and accelerated our global expansion. Transitioning to a partnership model allows us to continue working with Textkernel while investing sale proceeds into our data science, R&D and product teams to further innovate our proprietary Talent Acquisition Suite and continue driving next generation AI-powered solutions for recruiters and candidates.”
“Our partnership agreement with CareerBuilder will allow us both to continue to benefit from each other’s strengths while pushing our core offerings forward. We look forward to embarking on the next phase of our growth strategy with Main Capital Partners and continuing to support our clients,” added Gerard Mulder, CEO of Textkernel.
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