Daxtra secures stake in idibu
Edinburgh 10th December 2010
Daxtra has today announced the completion of a 'six-figure' investment in idibu, the fast-growing developer of Multi-Posting and Candidate Management software. The capital secures Daxtra, the global leader in Recruitment Process Automation, a minority stake in the company that counts Michael Page, Blue Arrow and S:Three amongst its clients.
The investment allows all Daxtra clients instant access to the most cost-effective multi-posting tool in the UK and gives them the ability to operate it seamlessly together with Daxtra’s other market-leading solutions. Meanwhile idibu clients will benefit from access to industry-leading CV Parsing, Candidate Acquisition and precision internet-wide Search & Matching solutions.
idibu will now invest the new funds in both commercial and technical development activities, significantly boosting the company’s profile and pushing the software to outperform alternative providers during 2011. Both companies will also utilise combined resources to increase sales and marketing channels as well as product development to bring huge benefits to current and future clients.
Andrei Mikheev, Managing Director of Daxtra, welcomed the deal, saying, "Daxtra customers can now choose from a complete suite of application management tools from one supplier, all tightly integrated with whichever underlying RMS or CMS they use. This investment also allows idibu to significantly fund their R&D whilst continuing to enhance their innovative solutions - benefiting existing customers as well as future ones".
Steve Walker, Managing Director of idibu, commented, “Daxtra are the perfect match for idibu as a strategic partner. Both parties are focused and committed to leading the market in their respective fields and together we can provide the recruitment and personnel sectors with a seamless service. We're also keen to tap into their extensive experience as we continue to grow the idibu brand”.
“We also know our clients understand the importance of suppliers who place value on their service as opposed to 'selling your wares at next to nothing', and you can't provide this without continual investment. This deal means we can continue to raise the bar in servicing existing clients and also provide the best home for agencies and corporate players who want sensibly priced, high quality advert distribution and candidate management."