- Recruiter.Com Group Inc RCRT has completed the acquisition of Novo Group, Inc., a company that provides flexible talent acquisition to a wide array of customers, including life sciences, manufacturing, and consumer goods. Deal terms were not disclosed.
- This combination will help enhance Recruiter.Com's capacity to deliver effective talent acquisition solutions and expand opportunities to leverage its AI software solutions with clients.
- "The acquisition adds fuel to our rapidly growing on-demand recruiting segment, which already showed 88% sequential quarterly growth in the second quarter of 2021," commented Evan Sohn, CEO of Recruiter.com.
- Recruiter.Com held cash on hand of $0.086 million as of June 30, 2021.
- Price Action: RCRT shares are trading lower by 0.25% at $4.01 on the last check Monday.
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