Cadient, leading provider of talent acquisition solutions in the hourly hiring sector, has been acquired by Basis Vectors Capital, a private equity and technology investment firm that focuses on creating long-term value for market leaders in the B2B SaaS space. This move will empower Cadient’s expansion plans, both through organic growth and strategic partnerships.
The terms of the transaction were not disclosed. Cadient’s CEO, Jon Puckett will continue to run the day-to-day operations of the business.
With over 20 years of experience in the recruitment industry, Cadient has processed over 670 million candidates and facilitated over 7 million hires, significantly reducing turnover and increasing productivity for the world’s largest hourly hiring businesses. The company’s services focus on high-volume precision hiring with specialties in diverse and high-retention talent. Cadient’s solutions have delivered outstanding results in the healthcare, hospitality, and retail industries, with the company seeking to expand its services to many more sectors.
“At Cadient, we’re thrilled to embark on this new chapter with a partner who shares our vision for transforming talent acquisition,” said Cadient CEO Jon Puckett. He added, “By joining forces with Basis Vectors Capital, we’re gaining access to their invaluable expertise in empowering and scaling SaaS businesses. This collaboration will fuel our ability to deliver exceptional value to our customers and achieve our ambitious market expansion goals. We’ll leverage this partnership to propel Cadient’s innovation and shape the future of hiring excellence.”
“We’re excited to partner with Cadient’s management team to build upon their impressive achievements and drive even more growth,” said Basis Vectors Capital CEO, Ambarish Gupta. He further added, “This acquisition is a testament to our belief in Cadient’s potential to transform the hiring landscape, especially with their longstanding success, and considering the significant demand currently rising for efficient and effective hiring solutions”.