The Riverside Co., a global private equity firm, has completed an investment in Compana, a German provider of recruitment software solutions for the temporary staffing sector and other verticals with complex recruiting requirements.

The company will join forces with Riverside’s existing portfolio company GermanPersonnel, bringing together two e-recruiting businesses with a complementary skillset to drive innovation and growth.

Following the transaction, both companies will remain independent and will retain responsibility for their brand, product development and values. The management teams, including managing directors Marco Kainhuber of GermanPersonnel and Axel Trompeter of Compana, will continue to lead their respective companies in the long term and remain shareholders of the business.

GermanPersonnel is a SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. Its software automatizes the entire e-recruitment process while optimizing the most important aspects in e-recruiting — i.e. reach, candidate quality and time-to-hire.

Compana is a German provider of software solutions for the temporary staffing sector. Compana’s e-recruiting solution is based on proprietary CV parsing technology and a proprietary matching technology.

Riverside’s Michael Weber led the deal, supported by Matthias Fink, Principal, Florian Halama, Senior Associate and Bernd Starrock, Senior Finance Executive. Riverside was advised by Bluemont (commercial), EY (financial and tax), wdp (IT) and Lupp + Partner (legal).