Riverside recruits Compana for GermanPersonnel build-up
10 July – The Riverside Company, a global private equity firm, has completed an investment in Compana, a German provider of recruitment software solutions for the temporary staffing sector and other verticals with complex recruiting requirements. The company will join forces with Riverside’s existing portfolio company GermanPersonnel, bringing together two e-recruiting businesses with a complementary skillset to drive innovation and growth.
The strategic rationale for combining GermanPersonnel and Compana is strong. The two companies offer e-recruiting solutions with complementary functionalities. A combined product will further enhance the product portfolio and give the customer the best of both worlds, creating the player with the strongest product offering and best tech capabilities.
Following the transaction both companies will remain independent and will retain responsibility for their brand, product development and values. The management teams, including managing directors Marco Kainhuber of GermanPersonnel and Axel Trompeter of Compana, will continue to lead their respective companies in the long term and remain shareholders of the business.
‘We are delighted to have completed the investment in Compana following our investment in GermanPersonnel last year,’ said Riverside Partner Michael Weber. ‘The combination of these two business will create the leading player in the e-recruitment sector in Germany, and we look forward to working with both management teams on further building the business both organically and through further acquisitions.
GermanPersonnel is a leading SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. Its software automatizes the entire e-recruitment process while optimizing the most important aspects in e-recruiting – i.e. reach, candidate quality and time-to-hire – ultimately increasing ROI.