Altru, the mobile video recruitment platform that focuses on employee storytelling, has been acquired by iCIMS, the NJ-based enterprise cloud recruitment platform. The terms of the transaction were not disclosed but sources close to the transaction indicate that the transaction value is approximately $60M in a stock and cash deal. “The most effective and compelling way to tell your brand story is through your own employees,” remarked Alykhan Rehmatullah, CEO and Cofounder of Altru. “Coming together with iCIMS, the market leader, helps us accelerate that vision so employers around the world can attract and engage top talent with authentic, user-generated video content.”
The most effective and compelling way to tell your brand story is through your own employees. Coming together with iCIMS, the market leader, helps us accelerate that vision so employers around the world can attract and engage top talent with authentic, user-generated video content. – Alykhan Rehmatullah
Founded by Rehmatullah and Vincent Polidoro in 2017, Altru had raised a total of $1.4M in reported equity funding. Backers of the company include Techstars, Right Side Capital Management, and Birchmere Ventures. The entire Altru team is expected to join iCIMS.
“I’m excited for our customers to see firsthand how Altru’s innovative storytelling technology can transform how they engage world-class talent with compelling, user-generated video content,” said Steve Lucas, CEO of iCIMS. “Together, we’re offering a robust solution that the market has never seen before during a time that it’s needed most. We’re leaning in on technology that is critical to HR transformation and modern talent acquisition, and are thrilled to deliver the next generation of digital talent engagement.”
I’m excited for our customers to see firsthand how Altru’s innovative storytelling technology can transform how they engage world-class talent with compelling, user-generated video content. Together, we’re offering a robust solution that the market has never seen before during a time that it’s needed most. We’re leaning in on technology that is critical to HR transformation and modern talent acquisition, and are thrilled to deliver the next generation of digital talent engagement. – Steve Lucas
