Online recruitment platform Wuzzuf announced last week that is has acquired job assessment platform Viriphi for an undisclosed amount. This move is unusual as both companies are headquartered in a region where mergers and acquisitions among startups is fairly uncommon.
With this acquisition, services provided by both companies will be merged, founder and CEO of Viriphi. Amr ElGabry told Wamda.com.
“This acquisition is a part of a larger plan to launch new products for enhancing the recruitment experience for job seekers and job owners in the region. Our aim is to contribute to one million hires by 2020,” said Ameer Sherif, cofounder and CEO of Wuzzuf’s parent company, Basharsoft.
Merging with Viriphi would allow Wuzzuf to continue innovating and providing better services, he added.