The Riverside Co. has invested in the Munich-based e-recruiting technology company GermanPersonnel.
Riverside, which has invested in more than 85 software and information technology companies, plans to bolster GermanPersonnel’s team by bringing in seasoned industry experts, investing in technology, growing its sales team and further enhancing its processes to continue its expansion.
GermanPersonnel is a SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise and mid-sized companies with high-volume recruiting needs. Its software automates the entire e-recruitment process while optimizing the most important aspects in e-recruiting, such as reach, candidate quality and time-to-hire, ultimately increasing ROI.
“GermanPersonnel provides an exceptionally valuable product, helping customers fill vacancies with the right talents quickly, which is an acute challenge in today’s environment,” Riverside Partner Michael Weber said in a statement. “Its compelling results are proven in its remarkably high customer satisfaction and superior retention.”
Working with Weber on the transaction for Riverside were Principal Matthias Fink and Associate Florian Halama. Ivica Turza, responsible for deal origination in the DACH region, sourced the deal for Riverside. Lupp+Partner, EY and EY-Parthenon advised Riverside on the transaction.