SmartRecruiters Strengths, Domain Expertise, and Key Differentiators
The platform is designed to be intuitive and easy to navigate, making it accessible for both HR professionals and hiring managers. Its user-friendly interface facilitates a smooth and efficient recruitment process, allowing users to post jobs, screen candidates, and manage the entire hiring pipeline with ease. This simplicity and usability enhance productivity and create a positive user experience, making it a preferred choice for many organizations. SmartRecruiters offers the people, products, and platform needed to help companies hire faster and smarter.
SmartRecruiters Recent Developments
In March 2024, SmartRecruiters is set to unveil its latest advancements in HCM connectors and automation capabilities. This major update facilitates the seamless integration and management of core HR systems, significantly reducing deployment time and costs while streamlining administrative processes. By decreasing the dependence on IT support, this release enables organizations to achieve greater efficiency and productivity, representing a transformative milestone in HR system integration and automation. The new suite of features includes: -Seamless connections from SmartRecruiters to popular HCMs like Oracle, Workday, ADP, SAP, and UKG -A library of ready-to-use app integrations -Advanced error handling -A user-friendly environment with self-service options -Enhanced capabilities for creating custom workflows
In 2021, SmartRecruiters introduced SmartConnect, a self-service module crafted to facilitate client-driven integration configurations. This represents the initial step in what SmartRecruiters envisions as a substantial future investment in the realm of systems integrations and platform configuration. This strategic move underscores the company's commitment to diminishing the overall cost of ownership while streamlining the deployment and management of point solution configurations and system integrations for its global customer base.
In August 2020, SmartRecruiters unveiled a fresh platform designed to empower Talent Acquisition (TA) professionals in their pursuit of remote hiring success. This initiative involved a substantial enhancement of all the features and tools necessary for teams to work and collaborate seamlessly, whether working from home or while on the move. The much-acclaimed Q2 product release incorporated numerous user-requested features, including the popular SmartMessage texting solution, task management, workflow coordination, remote job capabilities, and more.
SmartRecruiters Mergers and acquisitions (M&A) Activities
In 2022, SmartRecruiters announced its acquisition of Attrax, a provider of career site software renowned for enabling companies to build compelling, personalized career websites. This strategic acquisition paves the way for a unified solution, SmartRecruiters Attrax, which empowers customers to create data-driven, tailored career sites that enhance the candidate journey and improve hiring outcomes. SmartRecruiters Attrax is now readily accessible to all SmartRecruiters clients.
In November 2020, SmartRecruiters significantly expanded its capabilities by acquiring Jobpal, an advanced enterprise-grade chatbot technology. This strategic move positions SmartRecruiters to elevate recruitment efficiency to new heights. It marks SmartRecruiters' entry into the rapidly growing field of recruitment process automation (RPA), where the future of recruitment emphasizes human interactions while automating repetitive and time-consuming tasks.
SmartRecruiters Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SmartRecruiters applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SmartRecruiters and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SmartRecruiters Talent Acquisition Suite customers.
SmartRecruiters Overview
Ownership: - Silver Lake Waterman, Insight Partners, Mayfield Fund
Number of Employees: 650
Functional Market: Sourcing, Candidate Relationship Management, Applicant Tracking Systems,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
SmartRecruiters Key Cloud and HCM Applications
SmartRecruiters Talent Acquisition Suite
SmartRecruiters HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SmartRecruiters Revenue Breakdown by Type:
SmartRecruiters HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
SmartRecruiters HCM Applications Revenues By Verticals, $M:
SmartRecruiters Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
SmartRecruiters Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
SmartRecruiters Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SmartRecruiters Customers
No. of SmartRecruiters Customers: 6000
No. of SmartRecruiters HCM Applications Customers: 6000
No. of SmartRecruiters Cloud HCM Customers: 6000
No. of SmartRecruiters Cloud HCM Subscribers: x
SmartRecruiters serves a customer base of approximately 6,000 clients, predominantly consisting of large enterprises. Notable clients include Visa, Square, McDonald's, Ubisoft, FireEye, Biogen, Equinox, and Public Storage, among others.
SmartRecruiters Market Opportunities, M&A and Geo Expansions
At the beginning of 2024, SmartRecruiters announced significant enhancements in its Q4 release, unveiling a suite of cutting-edge features designed to elevate the hiring experience and empower organizations to achieve Hiring Success. Key features in this Q4 product release include updated SmartWorkflows, improved collaboration with Slack, bulk applicant actions, an enhanced employee portal, unlimited job and organizational field values, and strengthened hiring team collaboration.
In July 2021, SmartRecruiters, the company dedicated to achieving Hiring Success, successfully concluded a Series E funding round, securing $110 million. This round was spearheaded by Silver Lake Waterman and included participation from existing investors, namely Insight Partners and Mayfield Fund. With this infusion of new capital, SmartRecruiters has now raised a total of $205 million, and the company is valued at $1.5 billion, as it continues its mission to deliver Hiring Success to global enterprises.
SmartRecruiters Risks and Challenges
Leadership changes during 2023 and 2024, including the appointment of Michael DeSimone as CEO in 2023 followed by his departure and the subsequent appointment of Rebecca Carr as interim CEO, may result in a lack of alignment between the outgoing and incoming leaders. This transition has the potential to create uncertainty and instability, impacting employee morale and potentially affecting the company's performance and long-term growth prospects.
SmartRecruiters Ecosystem, Partners, Resellers and SI
In September 2023, SmartRecruiters expanded its reach in the Asia-Pacific (APAC) region by launching a state-of-the-art data center in Australia, hosted by Amazon Web Services (AWS). This strategic move aims to better serve clients in the APAC region, providing enhanced reliability, scalability, and security for their data needs. The new data center in Australia underscores SmartRecruiters' commitment to meeting the growing demand for data services in the APAC market. Leveraging AWS’s cutting-edge infrastructure, this facility offers businesses in the region access to advanced cloud computing and data storage solutions, all while adhering to the highest industry standards for security and compliance.
SmartRecruiters Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- SmartRecruiters Public Cloud and Infrastructure (IaaS)
- SmartRecruiters Platform (PaaS)
- SmartRecruiters Application Delivery
- SmartRecruiters Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
