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Matheson advises Modern Hire, Inc. on the purchase of Sonru Limited

AUTHOR(S): Brian McCloskey
KEY CONTACT(S): Brian McCloskey
PRACTICE AREA GROUP: Mergers and Acquisitions
DATE: 06.08.2020

Matheson recently advised Modern Hire, Inc., the US enterprise hiring platform and a portfolio company of US private equity fund, Riverside, on its acquisition of Sonru Limited, a global leader in video interviewing.

Sonru, a privately-held Ireland-based video technology company and the leading provider of automated video interviewing technology in EMEA and Asia Pac, has been acquired by Modern Hire, the all-in-one enterprise hiring platform that enables organisations to continuously improve hiring experiences and outcomes with trusted science and technology. The combined organisation's expertise and expanded footprint provides clients with the most comprehensive enterprise hiring technology suite in the global marketplace.

Brian McCloskey, Matheson corporate partner commented:

"We were delighted to work with Joe Manning and the rest of the Modern Hire / Riverside team on this transaction.  Whilst the M&A market in Ireland, as elsewhere, has been impacted by COVID-19, we have seen a definite trend over recent months of the increasing influence of private equity funds and their portfolio companies on the transactional market.  This is something that we would expect to continue over the short to medium term."

Modern Hire partners with hundreds of leading global brands – including 47 of the Fortune 100 – to modernise their virtual hiring process.  Headquartered in the U.S., the company's SaaS interviewing technology, workflow automation, AI capabilities, predictive analytics and hiring assessments work together to enable organisations to continuously improve hiring results for more than 300 industry-leading enterprises, including Amazon, Capital One, CVS Health, FedEx, Humana, Procter & Gamble, Siemens and Walmart, which rely on Modern Hire to hire the right candidates quickly and fairly, at scale.

Over the past decade, Sonru has established a legacy as a talent acquisition technology leader within Europe, the Middle East, and Asia Pacific. Its customers come from a wide variety of industry, including several Fortune Global 500 companies such as DHL, Nestlé, Qatar Airways, Rolls-Royce, UBS and Westpac.  By combining with Modern Hire, Sonru clients have access to the comprehensive set of capabilities that bests all other solutions in the market.

Modern Hire, Inc. and Riverside were advised by a cross-departmental Matheson team led by Corporate M&A partner Brian McCloskey and senior associate Sandra Lord.

With a wealth of experience across our six partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland.  Excellence matters and Matheson’s Corporate Department, led by 21 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.

Please see link to the The Irish Times article here.

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