Riverside Merges Shaker International and Montage
Creates Revolutionary Recruiting Automation Software Platform
The Riverside Company, a global private equity firm, has merged Montage, the single solution to engage, interview and hire better candidates with Shaker International, a leading provider of predictive talent intelligence and assessment software solutions. The combined company will help its client base, including hundreds of prominent global brands and 47 of the Fortune 100, transform talent acquisition by embedding predictive intelligence into automated hiring workflows that enable better candidate experiences and smarter hiring decisions.
The company will be led by Kurt Heikkinen from Montage as CEO, Brian Stern from Shaker International as President and a leadership team comprised of executives from both companies. All employees and offices of the two companies are being retained, and the combined company will be co-headquartered in Cleveland, Ohio, and Delafield, Wisconsin.
With a world-class team of industry leaders, industrial-organizational (IO) psychologists, data scientists, software engineers and a global client success organization, the combined business will engage more than 15 million candidates and provide opportunities for over one million hires, covering 20 languages in 200 countries and territories this year.
“We’re delighted to partner with such a world-class executive team and employee base,” said Riverside Managing Partner Loren Schlachet. “The results speak for themselves, and we’re excited to combine two ‘talented’ software companies to truly revolutionize the future of recruiting.”
Shaker International received a growth investment in 2017 from Riverside. The firm facilitated and financed this add-on of Montage and is eager to continue supporting the combined business and provide access to additional resources to fuel growth, innovation, enhanced client support and market expansion.
“Both Montage and Shaker share a common vision, culture and customer- and candidate-centric approach,” said Riverside Partner Joe Manning. “Via this merger, we are joining world-class expertise in SaaS, artificial intelligence and predictive analytics to transform the talent acquisition process.”
Working with Schlachet and Manning on the deal were Associate Jacob Stoller, Analyst Aakeem Andrada, Principal Dan Haynes, Associate Max Weber, Operating Partner John Kish and Finance Director Doug Guess.
About Shaker International
Leveraging almost two decades of rigorous, data-driven science powered by the latest technology that has delivered proven results for leading global brands, Shaker International provides Predictive Talent Intelligence that helps companies improve quality of hire, reduce turnover, create recruiting efficiencies and deliver a better hiring experience. Shaker International’s award-winning, multi-method Virtual Job Tryouts engage and educate candidates, provide them with an opportunity to demonstrate a wide range of abilities and accurately predict on-the-job performance. Their AI-enabled Virtual Job Tryouts have been deployed across most industries in 68 countries and 13 languages.
Montage is the single solution to engage, interview and hire better candidates, faster. We partner with many of the world’s most well-respected brands, including 100 of the Fortune 500, to create the high-tech, high-touch hiring experience the modern candidate expects. As the pioneer of purpose-built video interviewing, our proprietary technology integrates seamlessly with enterprise needs for reliability, scalability, compliance and security. We are committed to market driven-innovation, incorporating applicable science and data in our solutions to speed the process and improve the predictability of talent acquisition. Our commitment to superior client service and support is unique in the industry. We help each and every client at every stage of our partnership because we sincerely want them to succeed – and believe in building relationships for the long term.