HR Nordic continues its expansion through the acquisition of HR tech firm Talmundo
The Hague/Oslo — HR Nordic, a Verdane-owned group providing cloud-based HR and recruitment software, has announced the acquisition of Talmundo, a leading European provider of employee onboarding solutions. The acquisition brings market leading onboarding software into HR Nordic Group’s product portfolio, and expands the group’s presence into Belgium, France, the Netherlands, and the UK. Talmundo’s products will be integrated into HR Nordic’s shared product portfolio.
HR Nordic aims to become a leading European talent platform, and the investment in Talmundo follows HR Nordic’s recent investment in ReachMee, a leading provider of cloud-based recruitment solutions headquartered in Stockholm, Sweden.
Talmundo will expand through strategic investments in the DACH region and accelerated product development, including enterprise features, analytics and the company’s AI-powered onboarding “Chatbot.” The firm will continue to operate under its own brand.
“With the backing of Verdane, we’re building an HR tech powerhouse. We were very impressed with the quality of Talmundo’s client portfolio and their onboarding offerings, which match our European ambition,” explains Lars Ringdal, CEO of the HR Nordic. “We have a great cultural fit with the team at Talmundo.”
Since its launch in 2014, Talmundo has quickly become a key player in the European employee onboarding space. Over 150 employers currently use Talmundo’s onboarding solution, including multinationals such as Engie, Lufthansa, TUI and BNP Paribas. More than 35 000 new hires across Europe have been onboarded using the company’s experience-driven platform.
“We’re pleased to welcome Talmundo into Verdane’s family of software portfolio companies and look forward to supporting the group in accelerating growth”, says Johnny Rindahl, Partner at Verdane.
Founder and CEO of Talmundo Stijn de Groef, who himself has reinvested a significant amount into the HR Nordic group as part of the acquisition agreement, will continue in his day-to-day role as CEO and will also join the group’s management team.
“We are laser focused on helping our clients to update outdated onboarding processes with the latest technology, allowing them to engage new employees like never before,” says de Groef. “We have been searching for a new partner as we seek to grow even faster and we’re excited to partner with HR Nordic.”
Verdane aims to be the preferred growth partner to tech-enabled businesses in Northern Europe. Verdane funds provide flexible growth capital to fast-growing software, consumer internet, energy or high-technology industry businesses, through both majority and minority investments in individual companies and portfolios. Verdane funds act as ambitious, active and long-term owners, helping management teams and companies accelerate and sustain growth by leveraging the Verdane advisory team’s capabilities and proven track record in driving business value for companies whose growth is driven by, or connected to, technological development. Verdane funds’ current portfolio includes Conexus, EasyPark, Freespee, HornetSecurity, inRiver, Lingit, Scanmarket and Vaadin. Verdane has 44 employees working out of offices in Copenhagen, Helsinki, London, Oslo and Stockholm. For more information, please visit www.verdane.com
About HR Nordic
Backed by Verdane, HR Nordic is the region’s leading provider of HR and recruiting systems with an ambition to become a leading talent platform. The group was built on acquisitions of renowned companies in every part of the talent journey: HR Manager, Webcruiter, ReachMee and Talmundo. HR Nordic today employs 200 professionals and serves more than 2 000 customers in both the large and medium sized market. HR Manager’s former CEO Lars Ringdal leads the group’s growth journey throughout the Nordics and Europe.
Talmundo is a European HR Tech company founded in 2012. Its onboarding platform, launched in 2014, is a mobile-friendly cloud software which creates an engaging pre-boarding and onboarding experience for employees. Talmundo’s software blends HR best practices together with companies’ culture to deliver a seamless onboarding experience, which helps companies bring people onboard faster, integrate them better, and make everyone’s job easier. By keeping key HR metrics like retention, productivity and employee engagement in mind, Talmundo’s solution helps companies go beyond the paperwork and create a meaningful onboarding journey for new hires, revolutionizing the way we interact with HR technology systems. Today, Talmundo is proud to work with leading multinationals like Deloitte, ABN Amro, Bacardi, ArcelorMittal, KPMG, BNP Paribas Fortis, Sodexo, Engie, SAS, and Swisscom. www.talmundo.com