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Fourth acquiring Snagajob applicant tracking, onboarding tools

Fourth acquiring Snagajob applicant tracking, onboarding toolsPhoto by

Workforce and inventory solutions provider Fourth is acquiring Snagajob's applicant tracking and onboarding solutions, People Matter and Hiring Manager, in a deal backed by Marlin Equity Partners.

The tools will provide Fourth customers the ability to optimize their workforce, boost operations and hire and retain talent, according to a press release. The financial terms were not disclosed in the release.

PeopleMatter and Hiring Manager can reduce the time managers spend on hiring as well as the time required to attract and hire talent and allow managers to directly hire from the mobile app.

"We're impressed with the capability of the PeopleMatter and Hiring Manager offerings to solve key pain points for our customers, and we are excited to welcome both teams to the Fourth family," Clinton Anderson, Fourth CEO, said in the release. "Given the tight labor market as we exit the COVID-19 pandemic, we saw an opportunity to round out our end-to-end solution with these products that make it easier than ever for restaurants, retailers and hospitality operators to find, train and onboard the best talent. We see this platform as the ideal technology offering to complement our current products as operators seek robust, all-in-one digital solutions to successfully increase business agility."

PeopleMatter and Hiring Manager employees will be retained by Fourth and all 3,500 customers with approximately 60,000 rooftops will experience no interruption in service under the new parent company.

"We are confident that PeopleMatter and Hiring Manager will thrive under Fourth's leadership and will benefit from their commitment to product investment and exemplary customer service," Mathieu Stevenson, Snagajob CEO, said in the release. "While bittersweet, we know the team is joining a great organization and the products are now positioned to reach their full potential."

Marlin Equity Partners is a global investment firm with over $7.7 billion of capital under management.

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