Entelo is a company that applies predictive analytics and AI to help companies find and hire the most talented people for a particular position. Their main product is a SaaS-based platform for recruiters and HR managers.
Entelo has announced the acquisition of US-based ConveyIQ, which has offices in Belgrade and New York. With this acquisition, according to Entelo, the company will be able to offer a comprehensive programme to manage the recruitment process from start to finish.
ConveyIQ currently has more than 140 clients including: Kaplan, Lush, Proscribe, Dentsu Aegis, Warby Parker and HubSpot. Together, these organizations provide solutions to more than 600 companies, such as Target, Amazon, NBCUniversal, HubSpot and Charles Schvab. All of these companies use Entelo or ConveyIQ to automate the recruitment and selection process of candidates and increase their participation.
Along with the acquisition (the amount is still unknown), Entelo has raised new rounds of investment from well-known investors such as Battery Ventures, Shasta Ventures, USVP, 3TS Capital Partners, SC Ventures, and StarVest Partners.
