GP Bullhound advised AllyO on its acquisition by HireVue
Simplifying recruitment with Artificial Intelligence.
San Francisco, 6 October 2020 - GP Bullhound acted as the exclusive financial adviser to AllyO, a leading HR SaaS and AI company, on the sale of its business to HireVue, the global leader in virtual interviewing and assessments technology, majority owned by the Carlyle Group.

AllyO, based in Palo Alto, California, provides a SaaS AI solution to engage and qualify job seekers, automate recruiting processes, and deliver actionable insights to hiring managers. The company’s platform targets enterprises and was primarily backed by Sapphire and Bain Capital Ventures.

“AllyO is a natural extension to HireVue’s solutions and we are thrilled to become a part of it,” said Sahil Sahni and Ankit Somani, Co-founders of AllyO. “Uniting AllyO’s continuous, personalized candidate engagement with HireVue’s video interviewing and assessments will increase hiring velocity and talent quality for companies, allowing candidates to connect on their own terms to more fully showcase their potential.”

Jonathan Cantwell, Partner at GP Bullhound, stated: “We are proud to have helped AllyO find its ideal strategic partner in HireVue and complete a successful deal for the stakeholders. The combination creates an undisputed leader in the recruitment space. We look forward to seeing their growth and success for years to come.”

This represents GP Bullhound’s 21st transaction in the last year, of which 12 SaaS transactions, and is a further testament to the firm’s expertise in the HCM software sector, having previously advised TextRecruit in its sale to iCIMS, Zugata in its sale to CultureAmp, and Multiposting in its sale to SAP, among others.

For enquiries, please contact:
Jonathan Cantwell, Partner and Head of Software, at jonathan.cantwell@gpbullhound.com
Brandon Overmyer, Vice President, at brandon.overmyer@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.

Sector
Software
Region
USA