Textkernel takes over the US software company Sovren

Textkernel takes over the US software company Sovren

Textkernel, supported by the strategic software investor Main Capital Partners, has further strengthened its position as the world’s leading provider of search and matching technologies through the additional acquisition of the US AI company Sovren.

Sovren, based in Texas (USA), offers a similar range of products primarily for the North American market. The merger of the two companies creates a leading player in the field of AI-based search and matching technology. This fits in seamlessly with Textkernel’s mission to better connect people and jobs.

With this strategic step, Textkernel is continuing its exciting growth path and strengthening its presence in North America and APAC. Both Textkernel and Sovren have seen impressive growth in recent years, both inside and outside the US. After the merger with Sovren, Textkernel serves over 2,500 customers, including some of the largest recruitment agencies in the world, and operates from offices in the Netherlands, the USA, France and Germany.

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Connecting people and jobs better “With the acquisition of Sovren, Textkernel is entering the next exciting phase of its 20th anniversary as a global AI technology leader for talent acquisition and management. Since our founding 20 years ago as a research and development-driven company, Textkernel has always strived to better connect people and workplaces. With the takeover of Sovren, Textkernel is one step closer to creating an AI platform that makes all talent and job market data meaningful, actionable and globally accessible to everyone, ”said Gerard Mulder, CEO of Textkernel.

Robert Ruff, CEO of Sovren added, “I am thrilled that we have found the best company possible to join forces with Sovren. This takeover ensures continuity for our employees, our customers and our products. I am convinced that Sovren’s customers can immediately benefit from Textkernel’s extensive knowledge and functions in the area of ​​classifying skills, occupations and semantic enrichments for better search and matching results. ”

Pieter van Bodegraven, Managing Partner Benelux at Main Capital and Chairman of the Supervisory Board of Textkernel, commented: “We expect that we will be much more active in the US market in the short to medium term. This is an extremely exciting moment for Main, as we see great potential for many of our European platforms to become active in the USA through buy-and-build strategies. ”

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