Prytek Invests $21 Million in Tech-Enabled Recruitment Firm Hirewell
- The funds will help the recruitment firm to accelerate organic growth.
Prytek Holdings, a multinational technology group, announced on Thursday the completion of its strategic investment of $21 million into US-based talent Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term solutions firm, Hirewell. With this, Prytek has become a majority stakeholder in the company.
The proceeds from the funding will help Hirewell to accelerate its organic growth and to make investments into technology integration. Furthermore, Hirewell will acquire the Tel Aviv-based software company, ICV as a part of the investment.
“This investment enhances our vertical supply chain to ThriveDX (a portfolio company of Prytek) where we build vertical integrated solutions for Cyber and IT education for universities and corporates,” said Andrey Yashunksy, Prytek’s Co-Founder and Co-CEO.
Hirewell’s services include managed recruitment services, interim talent solutions and embedded on-demand recruiting. In addition, it has dedicated teams of recruiters for several service sectors.
“Now, we will not only be able to create new experts but also manage their placements and solve corporate clients end to end for their recruiting needs,” Yashunksy added.
Technological Expansion
The acquisition of ICV is going to be crucial as its technology will be integrated into Hirewell’s managed recruiting services. ICV has built an Artificial Intelligence and Machine Learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term-based technology to reduce the time recruiters spend searching for talent.
“The talent acquisition space has evolved and skill sets have gotten more complex over the last 20 years. Yet, technology has struggled to truly disrupt the industry. Recruiters are increasingly relying on multiple tools. Most of which don't integrate, or have limited functionality,” said Matt Massucci, the Founder and CEO of Hirewell.
“We are thrilled to partner with Prytek and ICV to address these challenges.”
Prytek Holdings, a multinational technology group, announced on Thursday the completion of its strategic investment of $21 million into US-based talent Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term solutions firm, Hirewell. With this, Prytek has become a majority stakeholder in the company.
The proceeds from the funding will help Hirewell to accelerate its organic growth and to make investments into technology integration. Furthermore, Hirewell will acquire the Tel Aviv-based software company, ICV as a part of the investment.
“This investment enhances our vertical supply chain to ThriveDX (a portfolio company of Prytek) where we build vertical integrated solutions for Cyber and IT education for universities and corporates,” said Andrey Yashunksy, Prytek’s Co-Founder and Co-CEO.
Hirewell’s services include managed recruitment services, interim talent solutions and embedded on-demand recruiting. In addition, it has dedicated teams of recruiters for several service sectors.
“Now, we will not only be able to create new experts but also manage their placements and solve corporate clients end to end for their recruiting needs,” Yashunksy added.
Technological Expansion
The acquisition of ICV is going to be crucial as its technology will be integrated into Hirewell’s managed recruiting services. ICV has built an Artificial Intelligence and Machine Learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term-based technology to reduce the time recruiters spend searching for talent.
“The talent acquisition space has evolved and skill sets have gotten more complex over the last 20 years. Yet, technology has struggled to truly disrupt the industry. Recruiters are increasingly relying on multiple tools. Most of which don't integrate, or have limited functionality,” said Matt Massucci, the Founder and CEO of Hirewell.
“We are thrilled to partner with Prytek and ICV to address these challenges.”