The Access Group, a U.K.-based business management software provider, has agreed to acquire hospitality applicant tracking system Talent Funnel for an undisclosed amount.
The deal is expected to close next month.
Talent Funnel is built for the U.K. hospitality sector, helping operators attract, hire and onboard staff. It will join Access Hospitality, the Access Group’s hospitality technology division, and become part of Access Group’s interoperable, artificial intelligence (AI)-enabled platform, Access Evo, which connects operators’ systems and applications.
By acquiring Talent Funnel, the Access Group adds a dedicated applicant tracking system capability to Access Hospitality, which has existing systems for workforce management and HR, learning and development and payroll.
“Talent Funnel is the right acquisition because it has been built specifically for the way hospitality businesses recruit. The team has created a solution that meets the demands of high volume, multisite hiring while delivering a great experience for both employers and candidates,” said Martin Verdon-Roe, chief commercial officer of Access Hospitality Food and Beverage.
“Bringing Talent Funnel into Access Hospitality strengthens our ability to support the entire employee journey, from attracting and onboarding talent through to workforce management, learning and payroll. As part of Access Evo, customers will benefit from an interoperable platform where data, workflows and AI work together, reducing complexity and helping teams spend less time switching between systems and more time focusing on their people and guests.”
Chris Eccles and Andre Boeke, co-CEOs of Talent Funnel, said the acquisition provides resources for product development.
“We are passionate about what we have built for the hospitality sector and excited about what becoming part of Access will enable for our product, our people and our customers,” Eccles and Boeke said.
“Access shares our focus on innovation, customer success and practical applications of AI. Both of us are staying with the business and we are looking forward to the next chapter.”