Thoughts on the Peopleclick Authoria merger

On 5 January 2010 Authoria and Peopleclick combined to form the largest privately owned company in the Talent Management marketplace. The new company, Peopleclick Authoria, claims to serve almost 60% of the Fortune 100 organisations. The new CEO will be Charles S. Jones, Managing Partner of Bedford Funding, the private equity firm undertaking the deal.

Some of my initial thoughts:

  • The merger will form the largest privately owned company in the Talent Management marketplace.
  • Both existing solutions will continue to be sold for the foreseeable future, with the addition of a combine suite offering.
  • The newly formed company leverages the best attributes of both vendors, Peopleclick’s recruitment offering and Authoria’s deep talent management features.
  • Technically both solutions are similar and offered as multi-tenant SaaS solutions, although Authoria’s use of single tenant for select larger clients may cause some integration issues.
  • Update: There is some debate around if Peopleclick have moved fully from their .NET platform to J2EE

  • As separate organisations both appeared in the recent Gartner eRecruitment 2009 Magic Quadrant report, with Peopleclick placed in the leaders category.
  • The combined organisation has the potential to move further into the leaders quadrant to provide a challenge to Taleo as the market leader.

More information is available to Inspecht members.

Movement at Stepstone?

After performing well in the latest Gartner Magic Quadrant report it seems things are changing for Stepstone . Earlier this week they held an Extraordinary General Meeting to vote on de-listing the company from both the Norwegian and UK exchanges.

De-listing of the shares of the company from Oslo Børs

In accordance with the Board’s proposal, the general meeting unanimously resolved as follows:

“StepStone ASA shall promptly apply to Oslo Børs for a de-listing of its shares from quotation at Oslo Børs.”

This a very interesting development as over the last year Axel Springer AG has been securing additional shareholdings in the holding company StepStone ASA. Since September Axel Springer have held 53% of the available shares.

Could we be seeing a private equity sale?