KABI Technologies, Saudi-based HR consultancy firm, announces acquisition of UAE’s recruitment technology solutions provider BLOOVO.
In line with the Kingdom’s Vision 2030, this deal will help digitalize the human-resources-tech sector, which is expected to reach $90b in 2025, using BLOOVO’s AI-driven recruitment technology.
“KABI’s acquisition of BLOOVO will help prospective customers in accelerating the transition to a digitized, automated and smart experience-driven recruitment function, as well as helping stakeholders with localization mandates & nationalization plans to achieve their objectives in line with vision 2030, as well as achieving enterprises’ own hiring goals in an efficient, smart & timely manner,” said CEO and Vice Chairman of the Board of Directors of KABi, Khaled Al Oraij.
KABI aims to apply technology and artificial intelligence in the human resources sector in order to “efficiently improve various work environments and facilitate the business process,” according to their press release.
“The integration of BLOOVO into KABI will provide a truly intelligent talent acquisition experience that operates in tandem with KABI’s offering to deliver hiring success and achieve the sought-after digital transformation in HR,” said CEO of BLOOVO, Ahmad Khamis.
Following the acquisition, KABI can now maximise its product offering, developing corporate governance and increase its added value through the two firms’ accumulated expertise throughout the years.
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