DaXtra Technologies is responsible for parsing 100 million CVs in 40+ languages per month. We caught up with David Mercer, the company’s Enterprise Practice Lead, at RecFest for a video interview.
Parsing 100 million CVs per month
DaXtra Technologies is a specialist in high accuracy, multilingual CV and job parsing, semantic search, matching and aggregation technology. Parsing over 100 million CVs in 40+ languages each month, it aims to automate the wholeemployment application process, helping recruiters source the most relevant candidates quickly and easily. The company was founded in Scotland by Andrei Mikheev, Steve Finch and Sergei Makhomodov in 2002 — and has since spread its operations across three continents. With several offices in EMEA, the US and the APAC regions, DaXtra currently has 100+ employees worldwide and is growing rapidly.
‘We can automate all of those boring and manual tasks’
“DaXtra focuses on two main things”, David Mercer, Enterprise Practice Lead at DaXtra told Recruitment Tech during RecFest. “On one hand, it’s all about automation, taking away the task from the recruiters to get the data into their database nice and clean. And the other side is all about finding the best talent a lot faster. So ranking all your applicants to get your best can is the top of the list to make more placements faster than your more competition. The biggest problem we solve is finding that top talent.”
“What we’ve done, is create something where we bring these best candidates to the top so they can focus on actually speaking to their candidates.”
Generally speaking, recruiters will spend more time than they’re happy to spend on tasks such as searching candidate lists and CV’s. “Many of those tasks are boring and manual”, Mercer said. “Recruiters don’t want to do them. So what we’ve done, is create something where we bring these best candidates to the top so they can focus on actually speaking to their candidates and speaking to their clients. We can automate all of those boring and manual tasks to help them make more placements.”
Not just words, but context
According to Mercer, DaXtra goes one step further in candidate analysis: not just the words, but the context behind those words. “There’s a lot of solutions out there that can match candidates, but they’re normally just doing some keyword matching. In other terms: How many times does this word appear in a CV? Whereas what we do is we understand the context of that term within the CV to make sure you’re getting the relevant candidates back.”
Thinking one step ahead
DaXtra’s solution is currently being used at a larger scale by agencies such as Reed, Manpower and Michael Page Group. “We have one user company that’s using our technology where they see the benefit raging up to solve ten 10,000 users plus”, Mercer added. “But we also cater for the in-house recruitment space as well.”
“So if you’re looking for a person that has a certain job title now, well actually: what do they want to do next? That’s what we want to look to do.”
As far as the future goes, DaXtra will double-down on future role-mapping, according to Mercer. “So if you’re looking for a person that has a certain job title now, well actually: what do they want to do next? And that’s something that’s quite important as a candidate. Normally you want to move on to the next thing, and that’s what we want to look to do. And also look to bring in vacancies as well to match the candidates that you already have.”