Radancy Announces Strategic Investment from New Mountain Capital
Summary
The investment from New Mountain Capital will allow Radancy to accelerate its software product roadmap and expand its suite of services focused on helping enterprises optimally identify, engage, and hire talent. ""Radancy has proven themselves as a leader in the market, bringing a fully integrated technology stack with data and AI-driven solutions to help companies optimize their talent sourcing efforts," said Lars Johansson, Managing Director at New Mountain Capital. ""Radancy has an outstanding track-record as a trusted partner to its clients, serving many of the most respected employers in the world, and is well-positioned to continue to be at the forefront of the digital transformation of the talent acquisition function," added Sean Donovan, Director at New Mountain Capital. "Since our investment in 2018, Radancy has furthered its position as the market leader in enterprise talent sourcing solutions, building the industrys leading end-to-end technology platform, all while maintaining an exceptional commitment to customer success," said Ravdeep Chanana, Managing Director at Gemspring Capital. Jefferies and Piper Sandler acted as financial advisors and Ropes & Gray served as legal counsel to New Mountain Capital.About RadancyRadancy is the global talent technology leader intelligently solving the most critical challenges for employers and delivering results that strengthen their organizations.
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