Textkernel announces strategic acquisition by Main Capital:

Textkernel announces a change in the ownership of the company, as CareerBuilder sells its ownership in the company to the Dutch investment firm, Main Capital Partners. CareerBuilder and Textkernel will continue to work together, and have agreed upon a longer term partnership plan and license agreement.

Artificial intelligence technology

Textkernel works with over 1,000 HR and staffing organizations worldwide to bring the latest in artificial intelligence technology to our customers’ fingertips. We work with large, global companies across multiple industries to deliver multilingual parsing, semantic search and match, and labor market intelligence solutions.

Investor

Main Capital Partners is a strategic investor in the software industry based in The Netherlands.  With a strong focus on accelerating growth and generating business value in a diverse network of SaaS organizations across the Benelux, DACH and the Nordics, Main Capital Partners is an ideal partner to support Textkernel’s future growth strategy.

Roadmap

Recruitment Tech asked Textkernel what the acquisition means for their customers. Gerard Mulder, CEO at Textkernel: “Nothing changes for our customers in the short term. In the longer term, it will have positive effects, because we will be able to fully focus on our customers and our own roadmap again.”

International expansion

What does it mean for the long term? “There is an ambitious plan for the next 5 years. We are looking forward to realize this plan and through the acquisition we have more resources to make it happen. Our international expansion will be unabated and we hope to actively expand to the ASIA/Pacific region in 2022. We already have customers there, but want to become more active in that market from 2022 onwards.”

Strong potential

Pieter van Bodegraven, Partner at Main Capital Partners: “Strong potential is visible in this particular part of the HR software market. We have known the management team of Textkernel for many years and are pleased with the opportunity to collaborate. We are impressed by the fact that the company is able to realize autonomous growth in a profitable way, while expanding internationally at the same time.”

 

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