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Enterprise HR Applicant Testing Software sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise HR Applicant Testing Software

1.1 - About Enterprise HR Applicant Testing Software sector

Companies in the Enterprise HR Applicant Testing Software category build platforms that evaluate candidate skills, aptitude, and job fit before hiring decisions. They deliver standardized, data-driven assessments at scale, integrating with ATS workflows to streamline screening and shortlist creation. These providers help employers reduce manual interviews, improve quality-of-hire, and ensure compliant, fair evaluations with robust analytics, configurable tests, and secure delivery across high-volume and specialized roles.

Their offerings typically include online skills assessments and cognitive or psychometric tests, alongside coding challenge environments for technical roles. Vendors provide job simulations and situational judgment testing, powered by adaptive scoring engines and secure remote proctoring. Teams author content via item banks and benchmarking libraries, then analyze results through recruiter dashboards with adverse-impact reporting. Deep ATS and HRIS integrations automate invitations, reminders, and results sync to hiring workflows.

Primary customers include enterprise talent acquisition teams, HR departments, and staffing organizations managing high-volume hiring. Using these platforms, employers accelerate screening cycles, raise quality-of-hire with objective evidence, and reduce bias while meeting EEOC compliance standards. They also lower cost-per-hire by automating assessments, create consistent decision criteria across locations, and deliver better candidate experiences through mobile-friendly testing and fast feedback.

2. Buyers in the Enterprise HR Applicant Testing Software sector

2.1 Top strategic acquirers of Enterprise HR Applicant Testing Software companies

HackerRank Logo

HackerRank

HQ: United States Website
  • Description: Provider of an AI-driven developer skills platform that allows employers to screen, interview and evaluate software talent through take-home coding assessments, AI-powered interviews, and an integrity stack that verifies identity and detects cheating.
  • Key Products:
  • HackerRank Screen: Take-home coding assessments automatically generated from job descriptions test fundamentals
  • AI usage, and AI concepts, helping recruiters quickly identify top developer candidates and reduce manual test creation
  • Certified Assessments: Role-based, pre-built tests drawn from a vast content library let employers skip building questions, ensuring consistent, job-relevant evaluation across in-demand tech roles
  • AI Interviewer: Automated first-round interview tool that dynamically hints, increases question complexity, and produces detailed reports to gauge problem-solving, code quality, and AI collaboration skills
  • Integrity Stack: Security layer with suspicious-activity detection model, live proctoring, identity verification, and multi-face monitoring to enforce candidate compliance and prevent cheating or unauthorized AI usage.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise HR Applicant Testing Software sector

M&A buyer group 1: Background Screening

7 companies View group →
Description: Companies in the Background Screening HR Software category provide cloud-based systems that automate pre-employment and ongoing workforce vetting. These strategic buyers aggregate identity, criminal, employment, education, and sanctions data to help employers verify candidates quickly and compliantly. They integrate with ATS and HRIS tools, streamline consent and adverse action steps, and deliver faster, auditable decisions across domestic and global hiring.
First Advantage

First Advantage

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of comprehensive background check solutions and insights that enable employers and housing providers to make confident choices, reduce risk, and maintain compliance, completing background checks in 200+ countries and territories through 29 offices and 6,400+ employees.
  • Key Products:
  • Background Check Solutions: Provides comprehensive screening and insights across 200+ countries and territories so employers can make confident hiring decisions while reducing risk and ensuring compliance
  • Residential Screening: Delivers tenant background check services that help housing providers evaluate applicants accurately, supporting confident leasing decisions and regulatory adherence
  • Investigative Research: Conducts detailed investigative research on candidates or tenants, supplying deeper information that assists clients in mitigating risk and maintaining compliance.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Enterprise HR Applicant Testing Software sector

3.1 - Buyout funds in the Enterprise HR Applicant Testing Software sector

Buyout Funds investing in Enterprise HR Applicant Testing Software companies

51+ funds
Description: Buyout funds focused on Enterprise HR Applicant Testing Software companies globally.

Vista Equity Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Enterprise HR Applicant Testing Software
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Enterprise HR Applicant Testing Software sector

Growth Equity Funds in Enterprise HR Applicant Testing Software companies

41+ funds
Description: Growth equity funds focused on Enterprise HR Applicant Testing Software companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise HR Applicant Testing Software
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise HR Applicant Testing Software companies

4.2 - Public trading comparable groups for Enterprise HR Applicant Testing Software sector

Description: Companies in this trading comparables group are public, cloud software providers delivering enterprise human capital management platforms that centralize HR, payroll, time, and talent workflows. Their subscription, per‑employee pricing and multi-module suites drive recurring revenue and high gross margins. They are grouped as valuation benchmarks given similar product scope, buyer profiles, and scale economics across HCM suites serving mid‑market and enterprise employers.
Workday logo

Workday

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of enterprise cloud applications, focusing on human capital management, financial management, and analytics to deliver insights and manage business operations efficiently. Offers innovative cloud solutions for HR, finance, and planning, supporting organizations in making data-driven decisions.
  • Key Products:
  • Human Capital Management: Comprehensive HR management solutions from recruitment to retirement
  • Financial Management: Enterprise finance solutions for accounting, payables, and receivables
  • Spend Management: Tools for supplier selection, contract management, and spend analysis
  • Analytics and Reporting: Advanced analytics and reporting to drive insights
  • Planning Solutions: Integrated business planning for financial, workforce, and operational planning.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Enterprise HR Applicant Testing Software sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Enterprise HR Applicant Testing Software sector

Who are the top strategic acquirers of Enterprise HR Applicant Testing Software companies?

Top strategic buyers in this sector include HackerRank, a provider of an ai-driven developer skills platform that allows employers to screen, interview and evaluate software talent through take-home coding assessments, ai-powered interviews, and an integrity stack that verifies identity and detects cheating. .

Which buyer groups are most relevant for Enterprise HR Applicant Testing Software companies?

Relevant strategic buyer groups similar to the Enterprise HR Applicant Testing Software sector include Background Screening because they share similar customer segments and product capabilities.

Financial Investors in Enterprise HR Applicant Testing Software sector

Which are the top PE firms investing in Enterprise HR Applicant Testing Software companies?

Potential investors in the broader Enterprise HR Applicant Testing Software space include Partech and Vista Equity Partners.

Who are the top buyout funds acquiring Enterprise HR Applicant Testing Software companies?

Active PE funds and buyout funds acquiring companies in the Enterprise HR Applicant Testing Software space include Vista Equity Partners.

Who are the top growth equity funds investing in Enterprise HR Applicant Testing Software companies?

Growth funds investing in the broader Enterprise HR Applicant Testing Software sector include Partech.

Valuation of Companies in Enterprise HR Applicant Testing Software sector

Which are the key public companies that are relevant trading comps for Enterprise HR Applicant Testing Software companies?

Key trading comparable groups include Workday, a provider of enterprise cloud applications, focusing on human capital management, financial management, and analytics to deliver insights and manage business operations efficiently. offers innovative cloud solutions for hr, finance, and planning, supporting organizations in making data-driven decisions..

Which are the key trading comparable groups for Enterprise HR Applicant Testing Software companies?

Similar trading comparable companies include Enterprise Human Capital Management Software. Our platform tracks detailed trading comparable groups in the Enterprise HR Applicant Testing Software sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Enterprise HR Applicant Testing Software sector?

Our platform tracks M&A transactions in the Enterprise HR Applicant Testing Software sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Enterprise HR Applicant Testing Software?

Access recent funding rounds in the Enterprise HR Applicant Testing Software sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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