BENGALURU: HR technology platform Recruiterbox has been acquired by San Francisco based private equity firm Turn/River Capital in an undisclosed all cash deal. Recruiterbox will merge under the Applied Training Systems Inc ( ATSI ) banner of Turn/River.Turn/River specialises in growth capital investment, acquisition, and recapitalisation of web and SaaS companies. The PE firm has previously acquired other HR tech companies like ReviewSnap and Trakstar under the ATSI banner. Recruiterbox’s acquisition will help Turn/River's strategy to build a suite of HR Technology products.“Everyone in the team continues to work in exactly the same roles as before. Turn/River Capital will help with its expertise on the sales and marketing side — in accelerating the growth of SaaS companies.

Source: Economic Times March 05, 2018 02:15 UTC