Main Capital acquires majority stake in AI-powered HR technology provider Textkernel

Press releases
Main Capital Partners
29/09/2020

The Hague, 29 September 2020 – Textkernel is a global leader in developing AI and semantic technology for talent acquisition. Its customer base includes global staffing and recruitment firms, multinational corporations and software vendors. The company is headquartered in Amsterdam and currently employs approximately 154 people across offices in the Netherlands, France, Germany the U.K. and the U.S..

Textkernel provides AI-powered technology, which improves the talent acquisition and management solutions of over 1,000 customers globally.  This includes companies such as Adecco, Randstad, Manpower as well as large corporate organizations such as Otto GmbH & Co KG, The Colas Group, and ENGIE SA. Textkernel’s solutions are business-critical for recruiting and staffing organizations.

By offering a turnkey solution that is already integrated into globally-known and widely adopted core (HR) software systems such as Bullhorn, SAP SuccessFactors, Oracle Taleo and Oracle Cloud Recruiting, Cornerstone- Lumesse and Talentsoft, Textkernel has been able to expand its customer base and potential reach into the corporate HR market segment.

Textkernel’s flagship product, Search! & Match!, connects candidates to jobs by leveraging ever-sophisticated algorithms that identify multiple means of making potential matches. By leveraging the latest in Natural Language Processing (NLP) and Artificial Intelligence (AI) technology, professionals active in talent management are able to pinpoint the best candidates and job matches within increasing volumes of candidate and job data.

Collaboration Textkernel and Main

  • Current management team Gerard Mulder (CEO) and Guus Meijer (COO) will stay onboard and are investing in Textkernel alongside Main Capital.
  • Together, Textkernel and Main will focus on autonomous growth and further development of the technology platform required to execute on its ambitious growth plans in the coming period.
  • In addition, the combination will pursue a selective strategy for smart acquisitions in the broader HR software space.

Gerard Mulder, CEO at Textkernel: “We are delighted to have the support of Main Capital Partners to drive our ambitious expansion plans for the future.  Despite the challenging economic context, we see ample runway for growth across diverse customer segments and geographies. Having Main Capital as a strategic investment partner allows us to benefit from their deep expertise and diverse SaaS network.  We look forward to delivering on our vision as an AI provider for business leaders seeking innovative solutions to solve their most pressing talent acquisition and management challenges.”

Pieter van Bodegraven, Partner at Main Capital Partners: “Strong potential is visible in this particular part of the HR software market. We have known the management team of Textkernel for many years and are pleased with the opportunity to collaborate. We are impressed by the fact that the company is able to realize autonomous growth in a profitable way, while expanding internationally at the same time.

About Textkernel
Textkernel works with over 1,000 HR and staffing organizations worldwide to bring the latest in artificial intelligence technology to our customers’ fingertips. We work with large, global companies across multiple industries deliver multilingual parsing, semantic search and match, and labor market intelligence solutions.

About Main Capital Partners
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies.

Main Capital’s current portfolio includes fast-growing software and SaaS software companies such as MACH AG, Exxellence, WoodWing, Alfa, Optimizers, Assessio, GBTEC, Onventis, HYPE Innovation, cleversoft, Enovation, SDB Group, Jobrouter, GOconnectIT, Inergy, KING Software, Artegic, OBI4wan, b+m Informatik, ChainPoint, Sofon and RVC. Successful former companies that have grown significantly under Main’s leadership: Connexys (HR software), Roxit (government software), Axxerion (facility management software), Ymor (APM software), Onguard (credit management software) and TPSC (healthcare GRC software).

Note for the editor:
For more information, please contact:

Charly Zwemstra (Managing Partner)
Main Capital Partners B.V., Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 5127 7805
charly@main.nl
www.main.nl

Gerard Mulder (CEO)
Textkernel B.V.
Nieuwendammerkade 26A-5, 1022 AB Amsterdam
Tel: +31 (0) 20 494 2496
mulder@textkernel.com
www.textkernel.com

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