SAP NYSE: SAP and SmartRecruiters today announced that SAP has entered into an agreement to acquire SmartRecruiters, a leading talent acquisition TA software provider. SmartRecruiters deep expertise in high-volume recruiting, recruitment automation, and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital management HCM suite. The planned acquisition will strengthen SAPs all-in-one HCM suite, so customers have the tools they need to attract and retain top talent in an increasingly competitive landscape.
SmartRecruiters powerful, user-friendly interfaces and seamless workflows will complement SAPs robust HR tools - improving decision-making, reducing time-to-hire and providing a better experience for candidates. Embedded analytics and AI-driven recommendations from both companies will provide rich insights into talent pools, hiring bottlenecks and workforce planning.
Hiring the right people is not just an HR priority - its a business priority. With this planned acquisition, we will help our customers attract and hire the best talent so they can advance their talent acquisition agendas with speed and agility, while lowering their total cost of ownership, said Muhammad Alam , member of the Executive Board of SAP SE, SAP Product Engineering. Customers will be able to manage the entire candidate lifecycle - from sourcing and interviewing to onboarding and beyond - all in a single system to streamline the experience for recruiters, hiring managers, and, in particular, candidates.
Customers can expect enhanced and AI-enabled recruiting and hiring capabilities, making applicant tracking and candidate screening more efficient. Data-driven hiring and recruitment analytics will flow directly into SAPs existing HCM tools, providing a single system of record and harmonized data for compliant, seamless operations. The SmartRecruiters portfolio will also continue to be available standalone for the foreseeable future.
SmartRecruiters Software-as-a-Service solutions and platform enable more than 4,000 organizations globally to efficiently manage their hiring workflows end-to-end, offering a compelling experience to recruiters, hiring managers and candidates.