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  • Friday, November 22, 2024

Carlyle Group to Invest in Recruitment Software Maker HireVue


Jeff Brody

The Carlyle Group (Nasdaq: CG) has signed an agreement that would make the private equity firm a majority investor in HireVue, which markets software products designed to facilitate video interviews and pre-employment assessments as part of the talent recruitment process.

HireVue’s executive management team, led by Chairman and CEO Kevin Parker, will continue to manage  operations of the software company, Carlyle Group said Tuesday.

Goldman Sachs served as HireVue™s exclusive financial adviser on the transaction.

The Carlyle Partners VII fund will provide equity capital to HireVue, which achieved Federal Risk and Authorization Management Program certification for a software-as-a-service platform in April.

The SaaS offering uses artificial intelligence and machine learning to help organizations screen job candidates as well as determine the skillset of applicants.

Minority investors in HireVue include Sequoia, Granite Ventures and TCV.

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