Recruiter.Com Closes Acquisition Of Novo Group

August 30, 2021 9:46 AM | 1 min read | Make a Comment

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.