Sonru, a provider of automated video interviewing technology in EMEA and Asia Pac, has been acquired by Modern Hire, an all-in-one enterprise hiring platform. The combination is expected to lead to a comprehensive enterprise hiring technology suite.
"Sonru's strategic decision to align with Modern Hire is the next logical step in our company story, and a transformative action to address the critical needs of enterprises for modern hiring and interviewing solutions," said Ed Hendrick, founder and CEO, Sonru. "Sonru chose to join with Modern Hire because of our shared focus on the candidate experience, and a shared commitment to supporting our clients with consistent innovation ... Our combined organization's strategic vision is to provide our clients and future clients with the strongest technology, team and reach in the market."
Modern Hire partners with hundreds of leading global brands – including 47 of the Fortune 100 – to modernize their virtual hiring process. Headquartered in the U.S., the company's SaaS interviewing technology, workflow automation, AI capabilities, predictive analytics and hiring assessments work together to enable organizations to continuously improve hiring results for more than 300 industry-leading enterprises, including Amazon, Capital One, CVS Health, FedEx, Humana, Procter & Gamble, Siemens and Walmart, which rely on Modern Hire to hire the right candidates quickly and fairly, at scale.
The Riverside Co. financed Modern Hire’s acquisition of Sonru, adding to Riverside’s portfolio company Modern Hire.
Working with Riverside Managing Partner Loren Schlachet and Partner Joe Manning on the investment for Riverside were Assistant Vice President Jake Stoller, Associate Aakeem Andrada, Senior Operating Partner John Kish and Finance Director Doug Guess.