M&A Deal Summary

HireVue Acquires Modern Hire

On May 9, 2023, HireVue acquired software company Modern Hire from The Riverside Company

Acquisition Highlights
  • This is HireVue’s 2nd transaction in the Software sector.
  • This is HireVue’s 4th transaction in the United States.
  • This is HireVue’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-05-09
Target Modern Hire
Sector Software
Buyer(s) HireVue
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Modern Hire

Cleveland, Ohio, United States
Modern Hire is an intelligent hiring platform that transforms each step of the process with screening, assessment, interview and workflow automation tools that make hiring more effective, efficient, ethical and engaging. Modern Hire is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

HireVue

South Jordan, Utah, United States
Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

HireVue is a digital interviewing platform that provides recruitment screening and evaluation solutions for employers. HireVue is transforming the way companies discover, hire and develop the best talent by combining the power of video, games and AI for better hiring decisions. HireVue was founded in 2004 and is based in South Jordan, Utah.

DEAL STATS #
Overall 5 of 5
Sector (Software) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 AllyO

Palo Alto, California, United States

AllyO is an end-to-end recruiting AI and automation software that automates the most tedious and time-consuming pieces of talent acquisition. AllyO was formed in 2015 and is based in Palo Alto, California.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 187 of 191
Sector (Software) 11 of 13
Type (Add-on Acquisition) 81 of 82
State (Ohio) 11 of 11
Country (United States) 132 of 133
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 n2y

Huron, Ohio, United States

n2y is a developer of education curricula and teaching materials for K-12 students with special needs. n2y offers its products to teachers and school administrators through a cloud-based subscription platform. n2y’s core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. n2y was founded in 1997 and is based in Huron, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Baker Hill

Carmel, Indiana, United States

Baker Hill is a provider of cloud-based, end-to-end loan origination, risk management, and analytics software that supports loan origination and loan portfolio management. Baker Hill was formed in 1983 and is based in Carmel, Indiana.

Sell -
Mergr

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