Ascendify has been acquired by Radancy

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Despite a bleak financial outlook, investments and interest in HR technology are increasing.

Radancy, the leader in talent acquisition software, has announced a new acquisition, just days after payroll startup Rippling raised $500 million.

Its decision to acquire Ascendify, based in the United States, comes less than 18 months after Radancy merged with Firstbird, an Austrian startup focused on employee referrals.

Ascendify was founded in 2012 with the goal of using technology to assist recruiters and sourcers in developing stronger relationships with passive candidates. It has aided HR departments at large corporations such as Wells Fargo, BCG, Toshiba, and Hallmark.

As a result of the agreement, Ascendify’s recruitment marketing technologies will enhance Radancy’s talent acquisition cloud.

The deal’s financial terms were not disclosed.However, Radancy did reveal that Piper Sandler served as its financial advisor during the acquisition.

In a blog post, Ascendify CEO Matt Hendrickson stated, Radancy has a similar vision and culture to our own, and we are confident this will be a great match.

Radancy also has a proven track record of success, and their expertise and resources will assist us in accelerating our growth and global capabilities, allowing us to better serve our customers.

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