StepStone ASA, Europeís leading provider of online recruitment solutions, announced that it has continued to expand its portfolio through the acquisition of Obvious Solutions Ltd.
Obvious is a pioneer and leader in the use of video and technology-based selection and has been recognised by the Chartered Institute of Purchasing and Supply for the Most Innovative Project at HBOS. Obviousís online testing and structured video interviewing - of the employer and of short-listed candidates - allows candidates to get a better understanding of the employer and available roles, and allows recruiters to assess candidates in an efficient and highly structured manner.
Colin Tenwick, CEO of StepStone, said, An increasing number of our customers are clearly seeing the benefits that online recruitment technology and campaigns are delivering to their business. They are now asking us to extend beyond purely delivering candidates to actively managing their use of recruitment technology to source candidates and manage the recruitment process. By combining the skills and experience of StepStone and Obvious we can now deliver a fully managed end-to-end technology-driven solution, from candidate sourcing right up to final interview.
David Geddes, co-founder and CEO of Obvious added, Our approach has been hugely successful in the market and we have very successfully used StepStoneís technology solutions as the talent platform for several of our customers. We are now getting more and more business opportunities across Europe and beyond. By combining with StepStone we will be able to rapidly leverage our success through StepStoneís established organisation. We are very much looking forward to this new chapter in our history as part of StepStone.
Current Obvious clients include GE Consumer Finance, HBOS and Microsoft, while StepStone works with a diverse range of organisations from Irish Life to Toyota and Canon Europe. Over the last year StepStone and Obvious have extensive experience of working together as partners to deliver fully managed recruitment programmes to a number of clients including Amazon and BP.
Under the deal, StepStone ASA will initially acquire 75.1% of the ordinary shares of Obvious Solutions Ltd. for approximately Ä2.0 million in shares of StepStone ASA. Obvious will operate as a subsidiary of the StepStone Solutions business, and continue to be run by its existing management team, based in Linlithgow, near Edinburgh, Scotland. Obvious gains access to StepStoneís strong base of clients across Europe, as well as being able to take advantage of the physical and people resources in StepStoneís offices, to grow its business more aggressively and service future client needs.
StepStone expands its offering to recruiters by acquiring pioneering recruitment solutions business
StepStone announced that it has continued to expand its portfolio through the acquisition of Obvious Solutions Ltd
