Bangalore-based ePoise acquired by SaaS giant Zoho

Chennai-based major SaaS firm Zoho has recently announced the acquisition of ePoiseSystems, the Bangalore-based automated hiring startup.

Zoho has not revealed any financial data related to the deal but the company has said that the deal also included the acquisition of ePoise’s intellectual property rights.

While the financial details remains undisclosed, there are reports out there suggesting that not much money changed hands. A report from VCCircle even suggests that ePoise System, which last raised funding in 2015, was not able to secure further funding and was on a verge of shutting down the business.

Commenting on the acquisition, Shailesh Kumar Davey, vice president of Zoho Corporation said, “While making an acquisition, we look for the cultural fit as well as the product and technology fit.  Zoho offers Zoho Recruit and Zoho People, products in the HR space. ePoise technology may get used in these products.”

ePoise Systems was co-founded by Sachin Agrawal and Bishan Singh in 2013. As said, the Bengaluru-based startup offers an automated hiring software product targeted at mass recruiting companies. The product also has a series of pre-designed screening steps for various company profiles. Along with a set of assessments which finally lead to an automated video interview.

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