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Paradox Acquires Traitify To Further Streamline Hourly Hiring With Fast, Simple, Next-Generation Assessments

Aug 23, 2021•about 4 years ago

Acquiring Company

Paradox

Acquired Company

Traitify

ScottsdaleBaltimoreSoftware

Description

Paradox, the conversational recruiting software helping global brands like Unilever and McDonald's simplify hiring through automation with a human touch, announced today the acquisition of Traitify — the world's fastest, mobile-first assessment platform. Terms of the deal were not disclosed.

Company Information

Company

Paradox

Location

Scottsdale, Arizona, United States

About

Paradox believes in a world where the friction in hiring is replaced by real conversations — allowing people to connect with people, not software. Its conversational recruiting platform automates time-consuming tasks like screening, interview scheduling, and onboarding, helping hiring teams save hours and move candidates from “hello” to “hired” faster than ever. Paradox has empowered thousands of employers — including Unilever, Medtronic, Nestlé, General Motors, FedEx, and Lowe’s — to create world-class hiring experiences. The company has also received multiple industry accolades, such as the HR Executive Top Product Award, Brandon Hall Group’s Gold Award for Best Advance in AI for Business Impact, and recognition among Forbes’ Top 500 Startups to Work For.

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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