Talent Interaction Platform™ provider HireVue announced the acquisition of CollaboRATE Inc. – a spinoff from ZRG Partners – featuring a patented hiring decision engine designed to improve interview collaboration, feedback and analysis. Developed together with ZRG's Fortune 500 clients such as HP, the CollaboRATE platform enables more informed, data-driven hiring decisions while also equipping organizations with feedback on internal interviewers and talent scouts.
CollaboRATE complements HireVue's own technology, which leverages digital interview guides, validated questions, real-time feedback and analytics for more data-driven hiring decisions. The acquisition of CollaboRATE will have a powerful impact on HireVue clients with:
- Patented collaboration, feedback and comparison tools,
- Enriched reporting and analytics from talent interactions,
- Valuable insights on internal interviewers, recruiters and decision makers.
"Critical data is often the missing piece that separates great hires from poor ones. CollaboRATE's patented decision engine adds to what HireVue has set out to accomplish in powering more informed hiring choices," said Mark Newman, CEO, HireVue. "HireVue has built an almost decade-strong legacy of delivering collaborative, data-driven interview tools, and the CollaboRATE technology is a perfect complement to our newly-expanded platform."
"We have invested significantly in CollaboRATE and in our business process patent. Now, to secure broad reach for this technology, we needed a partner who is passionate about the interviewing space and has the talent to further develop the vision," said Larry Hartmann, Managing Partner, ZRG Partners. "With their state-of-the-art interview solutions, HireVue was a natural choice."