SAP announced on Friday that it has reached an agreement to acquire SmartRecruiters, a recruiting software company. In a press release, the European software giant stated that SmartRecruiters’ powerful, user-friendly interfaces and seamless workflows will complement SAP’s existing HR tools.
Muhammad Alam, the SAP executive board member overseeing product and engineering, emphasized that this acquisition will enable customers to manage the entire candidate lifecycle—from sourcing and interviewing to onboarding and beyond—all within a single system. This integration aims to streamline the experience for recruiters, hiring managers, and candidates.
The financial terms of the acquisition were not disclosed. The deal is expected to close in the fourth quarter of this year.
SmartRecruiters’ last funding round was a $110 million Series E in 2021, which valued the company at $1.5 billion.