- Entelo recently announced that it is acquiring ConveyIQ. These are the details behind the deal.
Entelo recently announced that it is acquiring ConveyIQ, which is a leading provider of candidate engagement Software-as-a-Service solutions. The financial terms were undisclosed. As a result, Entelo will be the first in the industry to offer end-to-end management of all candidate interactions from source-to-hire.
And additionally, the combined company’s powerful AI-based targeting and candidate re-engagement capabilities will allow organizations to mine their existing candidate database to uncover and rediscover matched talent for current open roles.
Along with the acquisition, Entelo also raised a new round of funding existing investors Battery Ventures, Shasta Ventures, USVP, 3TS Capital Partners, SC Ventures and StarVest Partners.
ConveyIQ CEO and Founder Danielle Weinblatt will assume the role of President and Chief Product Officer, Chief Product Officer J. Andrew Schafer will become Entelo’s Chief Technology Officer, and COO/CFO Larry Murff will become Entelo’s CFO.
“Up until now, companies have had solutions for candidate sourcing, engagement and communication management at the top of the funnel and further down the funnel,” said Entelo CEO Jon Bischke, Entelo’s CEO. “Now, for the first time, forward-thinking companies can leverage one company’s product suite to manage all of their interactions with candidates regardless of where they are in the recruiting process.”
As a combined entity, both organizations currently provide solutions to over 600 companies like Target, Amazon, NBCUniversal, HubSpot, and Charles Schwab. These companies leverage either Entelo or ConveyIQ to automate candidate sourcing, recruiting operations, candidate experience and engagement. And with the increased focus on recruiting automation, the time has come for hiring teams to work more efficiently and achieve loftier goals than ever before.
“Imagine a system that automates all of the arduous and manual tasks hiring teams have to process so recruiters can ultimately become strategic business partners. Entelo’s acquisition of ConveyIQ will make this possible. It’s time that Talent Acquisition teams have one platform that enables recruiters to be more proactive, efficient and candidate-focused in order to hire better quality talent, faster than ever before,” added Weinblatt.
