Radancy Acquires Brazen, Adding Award-Winning Hiring Event Capabilities to the End-to-End Radancy Talent Acquisition Cloud
Combination Enables the Future of Enterprise Talent Acquisition with One AI-Driven Platform to Manage All Recruitment Channels and Candidate Experiences Seamlessly
NEW YORK, NY (October 24, 2023) – Radancy, the global leader in talent acquisition software, announced today that it has acquired Brazen, expanding the Radancy Talent Acquisition Cloud through advanced hiring event technology. Brazen adds a best-in-class solution for managing both virtual and in-person recruiting events, enhancing Radancy’s SaaS platform focused on helping enterprises find the talent they need to strengthen their business.
From Hi to Apply, the Radancy Talent Acquisition Cloud enables companies to optimally plan for, identify, attract and hire the diverse skills and talent required to thrive in today’s economy. By adding Brazen’s hiring event capabilities, Radancy will offer the only complete end-to-end platform for companies to deliver a holistic candidate experience across all channels. A recent study conducted by Forrester Consulting showed that the Radancy Talent Acquisition Cloud delivered a 459% ROI and <6-month payback, decreasing cost-to-hire by 30%, reducing time-to-hire by 25% and significantly increasing recruiter efficiency in finding qualified talent.
“Creating an authentic connection for a candidate may start with an event in Brazen, but continues all the way through the hiring process, often touching multiple talent acquisition technologies," said Ed Barrientos, CEO of Brazen. “By combining Brazen with the Radancy Talent Acquisition Cloud, we can create a seamless and unmatched experience for customers and, in turn, their candidates, with a single platform.”
“Radancy is committed to providing an end-to-end candidate experience that allows our customers to drive the talent and business outcomes that will propel their organizations forward,” said Michelle Abbey, President and CEO of Radancy. “By adding Brazen’s event technology and expertise to Radancy’s end-to-end talent acquisition platform, Radancy can now offer the candidate experience from ‘hi’ at an event all the way through ‘apply,’ allowing our customers to reduce their reliance on point solutions and stay focused on talent and business results.”
Brazen’s event technology seamlessly integrates with the Radancy Talent Acquisition Cloud, offering customers a single platform for easily creating, managing, hosting and promoting branded events across all industries and job types, including campus recruiting, diversity hiring, high-volume hiring and professional events. Customers can save time and costs by eliminating inefficient recruiter efforts through automation, candidate routing, interview scheduling and simplified event setup – connecting candidates directly with recruiters and hiring managers to maximize their talent pool and pipeline.
Radancy’s leadership in the talent acquisition software market continues to be enhanced by strategic expansion and innovation. At a time when the challenges facing enterprise recruitment teams continue to increase, Radancy is making significant investments to set a new standard for what employers can expect, and the value that can be delivered, from a global, enterprise talent acquisition platform.
Lightning Partners served as exclusive financial advisor to Brazen in this transaction. Arctarius served as financial advisor to Radancy.
Radancy is the leading cloud-based talent acquisition software provider intelligently solving the most critical challenges for enterprises globally and delivering cost-efficient outcomes that strengthen their organizations. The Radancy Talent Acquisition Cloud, powered by rich data and deep industry insights, optimizes the entire candidate journey, enabling enterprises to hire the most qualified talent faster, while reducing costs and driving higher ROI, recruiter efficiency and an improved candidate experience. For more information, visit www.radancy.com.
Brazen is the market-leading Recruiting Event Management Platform used by talent acquisition teams to reach new talent pools, convert candidates to hires and accelerate the recruiting process. Headquartered in Arlington, Virginia, Brazen’s portfolio of core products includes virtual and in-person hiring event management, microsites, live chat and candidate communication and automation tools. Brazen is a recent winner of the Deloitte Fast 500 which recognizes the 500 most innovative, fastest-growing public and private companies in North America. Brazen’s award-winning platform is used by some of the top brands in the world including 15% of the Fortune 100. For more information, visit www.brazen.com.