Asia tech stocks slide tracking Wall St losses amid AI doubts, govt. uncertainty
Investing.com -- SAP announced Friday the acquisition of talent acquisition software provider SmartRecruiters to complement its SuccessFactors human capital management platform.
Financial details of the transaction were not disclosed, but SmartRecruiters was last valued at $1.5 billion during its Series E funding round in 2021. The company has demonstrated strong performance since then, achieving what was described as "an exceptional three-year revenue growth" to reach $71 million in sales last year.
SmartRecruiters, founded in 2010, has approximately 700 employees according to LinkedIn and serves over 4,000 customers including major corporations such as Amazon (NASDAQ:AMZN), LinkedIn, Visa (NYSE:V), and McDonald’s (NYSE:MCD). In 2024, the platform reportedly facilitated more than 100 million job applications.
Industry analyst Gartner (NYSE:IT) recently recognized SmartRecruiters as a leader in its 2025 "Magic Quadrant for Talent Acquisition (Recruiting) Suites" published on April 2, 2025. The report highlighted the company’s strong ability to execute and completeness of vision. Other leaders in this category include Oracle (NYSE:ORCL), Workday (NASDAQ:WDAY), and privately-held Avature, while SAP itself, ICIMS, and PageUp were ranked as challengers.
According to Gartner’s analysis, approximately half of SmartRecruiters’ revenue comes from clients with more than 10,000 employees. The company received praise for its transparent pricing structure, though Gartner noted a lack of maturity in its embedded analytics capabilities.
The talent acquisition segment represents one of the most advanced areas of human capital management in adopting generative AI technology, according to UBS.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.