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Howdy.Com Acquires Brazilian Talent Marketplace, Geekhunter, As Demand For Ai Engineers Increases

Aug 22, 2023•almost 2 years ago

Acquiring Company

Howdy.com

Acquired Company

Talent Marketplace

Human ResourcesSoftware

Description

Howdy.com, a talent sourcing and management provider that connects U.S. companies with Latin American (LATAM) tech workers, today announced the acquisition of GeekHunter, one of the largest and most reputable talent marketplaces for companies to hire developers from Brazil. As a result of the acquisition, GeekHunter will operate as a subsidiary of Howdy.com, increasing the number and quality of talented software developers U.S. companies can remotely hire from LATAM to build scalable engineering teams.

Company Information

Company

Howdy.com

About

Howdy.com takes a human-centered approach to find top software engineering talent in Latin America and pairing them with innovative U.S. tech employers. Howdy.com takes care of talent sourcing, payroll, local HR benefits, equipment, and ongoing mentorship to help tech companies build strong long-term engineering teams and foster the engineering community in LATAM. Howdy.com is headquartered in Austin, TX, and has six local offices across Montevideo, Buenos Aires, Bogota, Medellin, Cordoba, and Santiago. The company has raised $21 million through its Series A funding round led by Obvious Ventures and Greycroft. For more information, visit https://www.howdy.com/for-companies/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed