Xing buys Kizoo-backed Prescreen for €17m

The purchase price could rise by between €5-10m from earn-out payments, provided operating targets are met by 2020.

The transaction represents the acquisition of an applicant tracking system for Xing, which allows for the management of the entire hiring process. The acquirer aims to further consolidate its market position in the digital recruitment services business through the move.

All 27 Vienna-based employees will remain with the company, including CEO Constantin Wintoniak and the other six founders.

Acquirer Xing was founded in 2003 and has been publicly listed since 2006. The website has more than 12 million members and the company employs 900 people in Hamburg, Munich, Barcelona, Vienna and Zurich.

Previous funding
In July 2015, early-stage technology investor Kizoo led a seven-digit funding round for Prescreen.

Company
Based in Vienna and founded in 2011, Prescreen is a cloud-based recruiting tool that automatically matches candidates to suitable jobs. The startup has developed an online platform as well as a software product, with UniCredit Bank Austria and Jaguar Land Rover among its customers. The company currently employs 27 people.

People
Xing – Thomas Vollmoeller (CEO).
Prescreen – Constantin Wintoniak (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• DACH
• Technology
• Trade sale
• Austria
• Venture