Advertisement
Authoria Gets New Owner
Get articles like this
in your inbox
The longest running and most trusted source of information serving talent acquisition professionals.
Advertisement
Talent management provider Authoria announced Monday that it is being acquired by Bedford Funding for $63 million. This news is big among corporate recruiters, naturally, who wonder about the next phase of growth for Authoria, a company that started in 1997 and counts Aetna and Intuit, among others, as clients.
The private-equity firm will also help Authoria with an additional $8-million investment in working capital to enhance Authoria’s overall corporate growth, according to the company.
Josh Bersin, president of Bersin & Associates, a research and advisory firm, calls this “the next big software opportunity” as talent management — and the role of recruiters — certainly is changing.
This announcement is also “an affirmation that a comprehensive view of talent management is of interest to the investment community,” points out Nina P. McIntyre, Authoria’s senior VP of marketing.
“Recruiters need to take a broad view of talent management, not only attracting talent but developing internal talent pools and quality of hire as they are all becoming so closely related,” says McIntyre.