Recruiter.com Group Inc. (OTCMKTS: RCRT), an online platform that connects employers with recruiters to find workers, signed a cooperation agreement with Raise Recruiting, a company focused on the engineering, IT and technical sectors.

Raise Recruiting, a division of the Ian Martin Group, is an engineering, IT and technical recruitment firm with annual revenue of $300 million.

Under the terms of the agreement, Recruiter.com and Raise will work together on a joint partnership that will involve the transfer of certain assets, clients and services for mutual benefit, according to an announcement. Recruiter.com will assign certain staffing-related clients to Raise. In turn, Raise, will subscribe to Recruiter.com's AI recruiting software and on-demand recruiters.

“Our staffing-related clients will receive exceptional support from a world-class staffing partner, while Recruiter.com continues solving hiring challenges for employers with our technology-led solutions,” said Recruiter.com CEO Evan Sohn. “We are also excited to help Raise scale their US-based recruiting solutions with our advanced AI software, and that our partnership will increase our overall monthly software revenue by about 10%.” 

The deal was announced Dec. 15. After the execution of sales contracts and other related agreements, the parties expect the transaction to close on Dec. 31, 2021.