HR tech company IGB is becoming part of recruitment marketing agency VONQ. Hogenhouck M&A advised IGB, which was founded in 2007, on the transaction.
Intelligent recruitment tools
IGB is an international company that supports staffing agencies and recruitment firms with intelligent recruitment tools. Through these tools, more than 10 million job openings are posted each month across more than 1,000 channels.
Peter Nieuwpoort, Managing Director of IGB, on this partnership: “IGB looks forward to becoming part of VONQ. This partnership will enable IGB to grow under the umbrella of an international organization. VONQ offers highly complementary services and has extensive experience in entering new markets. By joining forces, we can achieve significant synergy. For example, media buying will be added to IGB’s technology, alongside programmatic advertising, multi-posting, and recruitment analytics.”
Online recruitment on a global scale
VONQ is the market leader in recruitment technology, with more than 1,000 corporate clients, including Deloitte, Shell, and Microsoft. With VONQ’s SaaS solution, an algorithm handles the tedious work of searching, integrating, and optimizing thousands of job posting channels.
Tycho van Paassen, co-founder of VONQ: “We are very pleased to join forces with IGB. Having IGB become part of the VONQ family and technology represents a significant expansion of our services. By adding programmatic advertising to our Job Marketing Platform, we can meet all types of recruitment needs on a global scale.”
Capital D Investment
The acquisition follows an investment in VONQ by the pan-European private equity fund Capital D, which focuses on disruptive mid-sized companies in Europe.
