Paycor, a Cincinnati-based human capital management software provider, announced the acquisition of Talenya, a Hoboken, New Jersey-based AI recruitment platform.

The acquisition will enable Paycor to reduce time to fill critical roles by sourcing candidates actively looking to change jobs and passive candidates using Talenya’s AI platform.

In addition, the AI recruiting platform will help companies execute their DE&I strategy by emphasizing diverse candidates often overlooked by traditional recruiting systems.

“Finding, interviewing and hiring qualified candidates quickly is one of the biggest challenges facing our customers today,” said Swati Garodia, chief strategy officer of Paycor. “Talenya’s virtual recruiter will enable our clients' front line leaders to attract, assess and hire top talent faster so they can focus more time on leading, coaching and engaging their teams.”

With the acquisition, Paycor expects to begin offering an integrated solution in the first quarter of 2023.

“Paycor, with its unique focus on frontline leaders, is the ideal partner to help us drive growth and scale,” said Gal Almog, co-founder and CEO of Talenya. 

Terms of the transaction were not disclosed.