CEIPAL, a SaaS platform for the front and back-office business operations of staffing companies, announced that it has acquired Zoniac, an ATS platform for recruiting and consulting firms. CEIPAL is investing heavily in its market-leading platform and is growing fast, gaining market share thanks to its superior product, competitive pricing and AI (artificial intelligence) technology. This acquisition creates a larger, more experienced software engineering team with an unparalleled capacity to grow and develop these platforms as the company expands its operations in India and the global market.
The desire to join with Zoniac was driven by the shared purpose of both teams: to revolutionize and enhance the staffing and recruiting industry. The Zoniac team adds expertise and manpower to support CEIPAL’s aggressive growth and development goals, setting the stage to better serve customers and further the advanced and AI-driven work for which both companies are recognized.
“We’re thrilled to bring on the Zoniac team’s ATS expertise, experience, and insights,” said CEIPAL Founder Sameer Penakalapati. “We’re confident that the move will enhance CEIPAL’s offerings, grow our position in the staffing industry, and better serve our shared customer base.”
Once the existing Zoniac team is harmonized with CEIPAL in the Chennai area, CEIPAL plans to make additional local hires for sales and other key positions. By building on Zoniac’s success, the goal is to make its location the seat of CEIPAL’s new Chennai operations. A strong presence founded on Zoniac’s sterling reputation will only further CEIPAL’s growth plans, as the company continues to serve and grow both of its customer bases. These new hires will be in addition to aggressive growth in sales, engineering, and customer support staff and expertise in Rochester, NY, where CEIPAL is headquartered.
“We are excited about the opportunities this partnership opens for the team at Zoniac to achieve even greater success in the staffing and recruiting industry,” said Vittal Srimushnam, President and CEO of Zoniac. “Our team will have immediate access to a national sales force, some of the world’s most innovative engineers, and a plethora of financial, marketing, and development resources worldwide.”