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Hello followers! Today, we’re diving into some exciting tech news about SAP’s latest move to improve HR management. Buckle up, because this story is quite interesting!
SAP, the giant European software firm, announced that it is buying out SmartRecruiters, a company known for its easy-to-use recruiting software. This deal aims to blend SmartRecruiters’ seamless interfaces with SAP’s current HR tools, making life easier for HR teams and candidates alike.
Muhammad Alam, a top SAP executive involved in product and engineering, shared that through this acquisition, users can now handle every part of the hiring process—from sourcing to onboarding—within a single platform. The closing details of the deal were kept under wraps, but it’s expected to be finalized by the end of this year.
SmartRecruiters raised $110 million in its last funding round, valuing it at $1.5 billion back in 2021. This acquisition follows SAP’s continued focus on integrating AI and cloud tech into its enterprise solutions for better efficiency and innovation.
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