North American recruitment firm Ian Martin Group this morning announced the acquisition of Fitzii.
While terms of the deal were not disclosed, a source familiar with the situation informs us the value of the transaction is in the “single digit millions” range.
Fitzii, which was launched in Toronto last year, is a recruiting software company that developed a predictive applicant tracking system. The Canadian startup’s application process combines psychometric science with a qualifications and cultural fit assessment to better predict successful candidates and reduce resume-screening time.
The deal follows other acquisitions of Canadian HR companies recently; last year, NetSuite acquired Waterloo’s TribeHR and FinancialForce acquired Vana Workforce. Going back a bit further, Salesforce scooped up Rypple in 2011.
The Ian Martin Group began working with Fitzii last year when they integrated the startup’s technology with their freshly launched Hirefly, a shortlisting service.
“The Ian Martin Group and Fitzii have the same goal—to better connect more people with meaningful work,” says Tim Masson, CEO of the Ian Martin Group. “Small and medium businesses employ more people than any other sector, and when we started using Fitzii to help them we quickly recognized that this technology was a major step in improving job to candidate matching.”
“I am really excited to be bringing Fitzii in to the Ian Martin family,” noted Ian Yates, Fitzii’s Managing Director. “It is a natural fit and we look forward to expanding the reach of our shortlisting science to help even more companies hire better.”