WORKTERRA to be acquired by CareerBuilder
WORKTERRA, a cloud-based technology built to manage the simplest to the most complex HCM challenges, has announced it is being acquired by CareerBuilder.
WORKTERRA will operate as a CareerBuilder company while integrating features and benefits that deliver consistent and personalized HCM solutions across the entire employee lifecycle. David Rhodes will continue serving as CEO of WORKTERRA. Terms of the deal were not disclosed.
Rhodes said, "WORKTERRA and CareerBuilder share a strong obsession around innovation, creating forward-looking technology, and delivering the features and benefits that people crave.
"Now our brands are poised to offer unmatched solutions across pre- and post-hire HCM needs."
WORKTERRA will leverage CareerBuilder's robust sales, marketing, and operational capabilities to help scale to a formidable HCM force. The acquisition will also significantly expand CareerBuilder's product offering beyond recruitment into post-hire solutions.
Matt Ferguson, CEO of CareerBuilder, commented, "CareerBuilder has reinvented who we are as a company over the last few years, building the world's first pre-hire platform.
"This acquisition is a defining moment because it enables us to step beyond recruitment and become an end-to-end human capital management firm. WORKTERRA is a fast-moving, fast-growing company with deep functionality built from the ground up. Working together, we will bring an unprecedented scope of innovation to market that will solve critical issues clients face in hiring, developing, and managing employees."
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