It is a well-known fact that Textkernel is supported by the strategic software investor Main Capital Partners. Now it has further strengthened its position as the world’s leading provider of search and matching technologies through the additional acquisition of the US AI company Sovren.
Based in Texas (USA), Sovren offers a similar range of products primarily for the North American market. The combining of the two companies creates a leading player in the field of AI.
Textkernel is planning to continue its growth path and strengthen its presence in North America and APAC. Both companies achieved impressive growth in the past few years. After the merger, these companies became famous in and out of the US and served over 2,500 customers, including some of the largest recruitment agencies in the world. Not only that but it even operates from offices in the Netherlands, the USA, France and Germany.
The CEO of Textkernel, Gerard Mulder, said:
“With the acquisition of Sovren, Textkernel is entering the next exciting phase of its 20th anniversary as a global AI technology leader for talent acquisition and management. Since our founding 20 years ago as a research and development-driven company, Textkernel has always strived to better connect people and workplaces. With the takeover of Sovren, Textkernel is one step closer to creating an AI platform that makes all talent and job market data meaningful, actionable and globally accessible to everyone, ”
The CEO of Sovren, however commented:
“I am thrilled that we have found the best company possible to join forces with Sovren. This takeover ensures continuity for our employees, our customers and our products. I am convinced that Sovren’s customers can immediately benefit from Textkernel’s extensive knowledge and functions in the area of classifying skills, occupations and semantic enrichments for better search and matching results. ”
Pieter van Bodegraven, Managing Partner Benelux at Main Capital and Chairman of the Supervisory Board of Textkernel admitted that they are expecting much more activity in the US market.