Beringea portfolio company Montage merges with Shaker International
May 24th 2019
(Farmington Hills, MI) Beringea, a global private equity firm providing growth capital to high potential businesses, announces its portfolio company Montage, a candidate engagement solution for HR professionals, has merged with Shaker International, a leading provider of predictive talent intelligence and assessment solutions. The new company will help its combined client base, which includes hundreds of leading global brands and 47 of the Fortune 100, transform talent acquisition by embedding predictive intelligence into automated hiring workflows that enable better candidate experiences and smarter hiring decisions for 100% of an organization’s hires.
The company will be led by Montage’s Kurt Heikkinen as CEO and Shaker International’s Brian Stern as President, and a leadership team comprising of executives from both companies. All employees and offices of the two companies are being retained, and the combined company will be co-headquartered in Cleveland and Delafield, Wis.
William Blake, Vice President at Beringea, said: “As a provider of a premier candidate engagement platform, Montage established itself as a leader in human resources technology. We are pleased that the company’s enterprise solution has found such a meaningful market and drew the attention of a complementary partner. The resulting company has the potential to truly impact the future of the talent acquisition market.”
“Market dynamics are transforming the way organizations do business. Finding, engaging and retaining the right people is a board-level imperative and talent acquisition is at the center of this transformation,” said Heikkinen. “We’ve been able to deliver innovation and improved business outcomes with each of our respective clients, but now together, we will be delivering the experience the modern candidate and the future of all workers demand—in a manner that informs and accelerates smarter hiring decisions.”