Textkernel Strengths, Domain Expertise, and Key Differentiators
Textkernel stands as a global frontrunner in the realms of Artificial Intelligence (AI), Machine Learning, and Semantic Technology, dedicated to the art of connecting individuals with suitable employment opportunities. Textkernel empowers numerous recruitment and staffing agencies, employers, job boards, HR software providers, and outplacement and redeployment agencies across the world to operate with greater intelligence and effectiveness. Their innovative solutions streamline the HR and recruitment process, facilitating enhanced efficiency.
Textkernel Recent Developments
In 2022, Amsterdam's Textkernel disclosed its acquisition of Akyla, a Dutch expert in staffing applications and portals. This move represents the second milestone in Textkernel's global buy-and-build strategy, initiated since joining forces with Main Capital Partners in October 2020. The acquisition of Akyla will enhance the significance of Textkernel's search and match algorithms, empowering staffing organizations to efficiently and automatically match candidates with the right job opportunities at the perfect moment.
Textkernel Mergers and acquisitions (M&A) Activities
In 2023, Textkernel unveiled its acquisition of Joboti, a software startup based in Amsterdam, specializing in recruitment technology. Textkernel sees this strategic move as a crucial step in enhancing its buy-and-build strategy and solidifying its role as a top-tier value-added partner for corporate, staffing, and software vendor clients.
In November 2021, Textkernel strengthened its position as a provider of search and match technology through the add-on acquisition of US-based AI company Sovren.
In September 2020, Textkernel unveiled a change in the ownership of the company, as CareerBuilder sells its ownership in the company to the Dutch investment firm, Main Capital Partners.
Textkernel Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Textkernel 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 Textkernel 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 Textkernel AI Recruitment customers.
Textkernel Overview
Ownership: - Main Capital Partners
Number of Employees: 170
Functional Market: Sourcing, Recruiting,
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,
Textkernel Key Cloud and HCM Applications
Textkernel AI Recruitment
Textkernel HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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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.
Textkernel Revenue Breakdown by Type:
Textkernel 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 | |
Textkernel HCM Applications Revenues By Verticals, $M:
Textkernel Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Textkernel Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Textkernel Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Textkernel Customers
No. of Textkernel Customers: 2500
No. of Textkernel HCM Applications Customers: 2500
No. of Textkernel Cloud HCM Customers: 2500
No. of Textkernel Cloud HCM Subscribers: x
After the acquisition of Sovren, Textkernel will extend its services to more than 2,500 clients, encompassing major staffing firms across the globe. These operations will be carried out from Textkernel's offices in The Netherlands, the United States, France, and Germany.
Textkernel Market Opportunities, M&A and Geo Expansions
Textkernel has officially completed its acquisition of Sovren, a US-based competitor located in Texas, further solidifying its position as a dominant player in the AI-powered search and matching technology sector. The collaboration between these two firms not only strengthens Textkernel's presence in North America and the Asia-Pacific region but also establishes them as a market leader in their field.
Textkernel Risks and Challenges
If the AI models are trained on historical data that contains biases, such as gender, race, or socioeconomic factors, the software may inadvertently perpetuate these biases in the recruitment process, leading to discriminatory or unfair outcomes. This could result in legal and reputational issues, as well as negative impacts on diversity and inclusion efforts within client organizations. To mitigate this risk, continuous monitoring and bias reduction strategies in AI algorithms are essential.
Textkernel Ecosystem, Partners, Resellers and SI
In July 2021, Textkernel and Tracker, a prominent supplier of cloud-based Recruitment, Applicant Tracking, and CRM software, introduced a fresh collaboration. This partnership empowers Tracker clients to enhance their candidate sourcing and optimize the staffing process.
Additionally, Textkernel joined forces with Sense to streamline the sourcing process and maximize placements. This integration provides staffing experts with the means to expedite candidate sourcing and matching, automating outreach and engagement with candidates. The seamless integration not only saves valuable time for recruiters but also boosts placement efficiency, ensuring that the most qualified candidates from Bullhorn are contacted with the pertinent information.
More than 100 partners across the globe offer Textkernel's technology.
Textkernel Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Textkernel Public Cloud and Infrastructure (IaaS)
- Textkernel Platform (PaaS)
- Textkernel Application Delivery
- Textkernel 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
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