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that's two in one week!
first brassring gets gobbled up by kenexa. now, adp buys virtualedge. suddenly, there are only a small handful of ats (applicant tracking systems) that matter.
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ROSELAND, N.J. — Automatic Data Processing Inc., a provider of payroll and benefits administration services, said Tuesday its ADP Employer Services division completed the acquisition of VirtualEdge Corp., a supplier of recruiting and management products for human resources organizations.
The company said the acquisition expands its professional recruiting offerings for mid-market, large and global organizations. Financial terms weren't disclosed.
VirtualEdge, founded in 1998, is based in Newtown, Pa., and serves more than 100 customers in 80 countries and 20 languages.
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This mirrors the enterprise app bust-turned-consolidation (2001 to present). I'm thinking Siebel+ PeopleSoft=Oracle as one example. So the cycle will continue: no innovative break throughs (as yet) until someone brings to market what the rest of the recruiting world have been building on their own or cobbling together.
Willliam, Oct 12, 2006 2:34:10 AM
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