Corporate News

Allgeier: Investment in Talentry

Strong partnership with Allgeier supports further growth of the leading software solution for digital employee referral programs

Munich, April 13, 2015 – Buying a stake in Talentry GmbH, Allgeier Group committed as strategic anchor investor in the emerging Munich-based software company. As part of the transaction, Talentry GmbH will receive a significant amount of funds. These additional funds will be used primarily for a rapid market penetration of the DACH region (Germany, Austria and Switzerland) as well as to further develop the innovative recruiting solution. With Allgeier strategically focussing on high-growth software solutions, this step sees Allgeier broaden its portfolio with in-house software products in the Solutions segment; it also strengthens its status as an international software vendor and service provider. Talentry benefits from Allgeier Group’s international network and its market access, which encompasses more than 3,000 established customers across all industries. At the same time, Allgeier ensures a successful further development of a solution which has great future potential; this strong partnership and the provision of comprehensive development services creates a stable, long-term basis for Talentry’s further growth. The ProSiebenSat.1 Accelerator program, one of the leading Start-Up Accelerator programs, which was the first to invest in Talentry supporting the company’s early development, sold its stake to the Allgeier Group as part of this move. However, ProSiebenSat.1 will remain loyal to Talentry and continue using the recruiting software on a company-wide basis.

The emerging tech company Talentry is the leading provider of digital employee referral programs in Germany, Austria and Switzerland. The software moves referral management into the digital age and therewith takes the paradigm change from Passive- to Active Sourcing into account. Talentry is based on the insight that a company’s own employees are the most important factor for a business’s long-term success. The software supports companies to discover the best talent for vacant positions: it presents a rapid and cost-efficient method of recruiting in which a company’s employees can recommend qualified contacts at any time and from anywhere using a wide range of channels (i.e. email, professional as well as social networks, WhatsApp, etc.). As a result, costs for headhunters or for posting job offers on job portals are reduced and at the same time the quality of the applicants is significantly enhanced. The Talentry software is based on lean processes delivering measurable success: in addition to greater reach as well as lower recruiting costs, employee referrals also result in applicants of above-average quality. With Talentry, up to 50 percent of vacancies can be filled via referrals. Furthermore, employees are given recommendations regarding suitable contacts from their social networks via an intelligent matching algorithm; this ensures that qualified contacts which are not within the employee’s close contact group are also identified and matched to suitable roles.

Talentry has already been used successfully by a range of large international clients. By being integrated into the service and delivery structures of Allgeier’s Solutions division, customers will be offered an even better service and enhanced scalability in the future.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance today: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model. Operating segments, each with their individual specialist or sector-related focal points, work together for more than 3,000 customers from almost all sectors. With more than 5.300 salaried employees and over 1.200 freelance IT experts, Allgeier, as a one-stop shop, offers customers a comprehensive portfolio of solutions and services. With a highly flexible delivery model, Allgeier covers the full range of IT services, from on-site and nearshore through to offshore: A strong presence in India ensures flexibility and maximum scalability of the services, supplemented by highly qualified expertise in high-end software development. Allgeier’s customers include globally operating groups as well as innovative medium-sized operations that wish to secure strategic advantages through high-performing IT solutions, intelligent software and flexible personnel services. This high-growth company, which is based in Munich, Germany, operates at 100 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Singapore, Mexico and the USA. In 2014 Allgeier generated EUR 428 million of revenue (continued operations), according to preliminary figures. Allgeier SE was ranked first in the Lünendonk(R) List 2014 of “Leading German medium-sized IT consulting and system integration companies”. Allgeier Experts ranks among the top three IT personnel service-providers in Germany according to the Lünendonk(R) 2014 market segment study “The market for recruiting, mediating and managing IT freelancers in Germany”. The company is listed on the regular market of the Frankfurt Stock Exchange in the General Standard segment (WKN 508630/ISIN DE0005086300). Further information is available on the company’s website at: www.allgeier.com.