Latest news with #MuhammadAlam
Yahoo
6 days ago
- Business
- Yahoo
SAP is acquiring SmartRecruiters
SAP announced Friday that it has reached an agreement to acquire recruiting software company SmartRecruiters. In a press release, the European software giant said that SmartRecruiters 'powerful, user-friendly interfaces and seamless workflows' will complement SAP's existing HR tools. Muhammad Alam, the SAP executive board member who leads product and engineering, said in a statement that with this acquisition, 'Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers and, in particular, candidates.' The terms of the acquisition were not disclosed. The deal is expected to close in the fourth quarter of this year. SmartRecruiters' last announced round of funding was a $110 million Series E in 2021, which valued the company at $1.5 billion.
TechCrunch
6 days ago
- Business
- TechCrunch
SAP is acquiring SmartRecruiters
In Brief SAP announced Friday that it has reached an agreement to acquire recruiting software company SmartRecruiters. In a press release, the European software giant said that SmartRecruiters 'powerful, user-friendly interfaces and seamless workflows' will complement SAP's existing HR tools. Muhammad Alam, the SAP executive board member who leads product and engineering, said in a statement that with this acquisition, 'Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers and, in particular, candidates.' The terms of the acquisition were not disclosed. The deal is expected to close in the fourth quarter of this year. SmartRecruiters' last announced round of funding was a $110 million Series E in 2021, which valued the company at $1.5 billion.
Hamilton Spectator
01-08-2025
- Business
- Hamilton Spectator
SAP to Acquire SmartRecruiters: Integration of Innovative Talent Acquisition Portfolio Will Help Companies Attract and Retain Top Talent
SAN FRANCISCO and WALLDORF, Germany, Aug. 01, 2025 (GLOBE NEWSWIRE) — SAP (NYSE: SAP) and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition (TA) software provider. SmartRecruiters' deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen SAP's all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape. SmartRecruiters' powerful, user-friendly interfaces and seamless workflows will complement SAP's robust HR tools – improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning. 'Hiring the right people is not just an HR priority – it's a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership,' said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product & Engineering. 'Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers, and, in particular, candidates.' Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into SAP's existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future. SmartRecruiters CEO, Rebecca Carr said, 'SmartRecruiter's mission has always been to make hiring easy. Joining forces with SAP presents a tremendous opportunity for enterprises worldwide to benefit from our industry leading approach to talent acquisition. I couldn't be more excited for the opportunity this planned acquisition presents for our customers, partners and employees as we build the future of hiring together.' Founded in 2010 by Jerome Ternynck, SmartRecruiters Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. Insight Partners, W Capital Partners, Rembrandt Venture Partners, and Silver Lake Waterman are investors in SmartRecruiters. J.P. Morgan acted as exclusive financial advisor to SmartRecruiters and Gunderson Dettmer acted as legal counsel. About SmartRecruiters SmartRecruiters is the Recruiting AI Company that transforms hiring for the world's leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 140 million candidates, and 4,000 organizations, including Amazon, Visa, and McDonald's, rely on SmartRecruiters to build winning teams. For more information, visit . About SAP As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit . Contact Information: smartrecruiters@
Globe and Mail
01-08-2025
- Business
- Globe and Mail
SAP to Acquire SmartRecruiters: Integration of Innovative Talent Acquisition Portfolio Will Help Companies Attract and Retain Top Talent
SAN FRANCISCO and WALLDORF, Germany, Aug. 01, 2025 (GLOBE NEWSWIRE) -- SAP (NYSE: SAP) and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition (TA) software provider. SmartRecruiters' deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen SAP's all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape. SmartRecruiters' powerful, user-friendly interfaces and seamless workflows will complement SAP's robust HR tools – improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning. 'Hiring the right people is not just an HR priority – it's a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership,' said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product & Engineering. 'Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers, and, in particular, candidates.' Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into SAP's existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future. SmartRecruiters CEO, Rebecca Carr said, 'SmartRecruiter's mission has always been to make hiring easy. Joining forces with SAP presents a tremendous opportunity for enterprises worldwide to benefit from our industry leading approach to talent acquisition. I couldn't be more excited for the opportunity this planned acquisition presents for our customers, partners and employees as we build the future of hiring together." Founded in 2010 by Jerome Ternynck, SmartRecruiters Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. Insight Partners, W Capital Partners, Rembrandt Venture Partners, and Silver Lake Waterman are investors in SmartRecruiters. J.P. Morgan acted as exclusive financial advisor to SmartRecruiters and Gunderson Dettmer acted as legal counsel. About SmartRecruiters SmartRecruiters is the Recruiting AI Company that transforms hiring for the world's leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 140 million candidates, and 4,000 organizations, including Amazon, Visa, and McDonald's, rely on SmartRecruiters to build winning teams. For more information, visit About SAP As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit
Yahoo
01-08-2025
- Business
- Yahoo
SAP to Acquire SmartRecruiters: Integrating Innovative Talent Acquisition Portfolio Will Help Customers Attract and Retain Top Talent
WALLDORF, Germany and SAN FRANCISCO, Aug. 1, 2025 /PRNewswire/ -- SAP (NYSE: SAP) and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition (TA) software provider. SmartRecruiters' deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management (HCM) suite. The planned acquisition will strengthen SAP's all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape. SmartRecruiters' powerful, user-friendly interfaces and seamless workflows will complement SAP's robust HR tools – improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning. "Hiring the right people is not just an HR priority – it's a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership," said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product & Engineering. "Customers will be able to manage the entire candidate lifecycle — from sourcing and interviewing to onboarding and beyond — all in a single system to streamline the experience for recruiters, hiring managers, and, in particular, candidates." Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into SAP's existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future. SmartRecruiters' Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates. SmartRecruiters CEO, Rebecca Carr said, "SmartRecruiters' mission has always been to make hiring easy. Joining forces with SAP presents a tremendous opportunity for enterprises worldwide to benefit from our industry leading approach to talent acquisition. I couldn't be more excited for the opportunity this planned acquisition presents for our customers, partners and employees as we build the future of hiring together." The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. J.P. Morgan served as exclusive financial advisor to SmartRecruiters. Visit the SAP News Center. Get SAP news via LinkedIn and Bluesky. About SAPAs a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit About SmartRecruiters SmartRecruiters is the Recruiting AI Company that transforms hiring for the world's leading enterprises. Built for global scale, SmartRecruiters delivers an AI-powered hiring platform that automates and optimizes the entire talent acquisition process, ensuring faster and smarter hiring decisions. More than 4,000 organizations, including Amazon, Visa, and McDonald's, rely on SmartRecruiters to build winning teams. For more information, visit This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2024 Annual Report on Form 20-F. © 2025 SAP SE. All rights and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE or an SAP affiliate company in Germany and other countries. Please see for additional trademark information and notices. 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