Recsolu

Market position

Positioned in the HR technology and recruiting software segment, with particular strength in campus and event-centric mobile recruiting. Company and press materials state that more than a quarter of Fortune 100 companies used the platform at the time of the 2015 rebrand and that approximately 100 of the Fortune 500 rely on it, with 300+ enterprise clients.

The company positions its platform as a single solution covering recruitment marketing and operations rather than a point tool, with an emphasis on event-centric and mobile recruiting capabilities and on layering over an employer's existing ATS or HRIS rather than replacing it.

Technology

A cloud-based, mobile-first talent acquisition platform spanning recruitment marketing and operations, with modules for interview scheduling, talent relationship management, campus recruiting, evaluation management, event management, video interviewing, referrals and mobile apps. The mobile applications are described as platform agnostic, and the system integrates with and sits on top of customers' existing ATS or HRIS systems. The company reports ISO 27001 certification and FedRAMP authorization.

Go-to-market

Direct enterprise sales supported by marketing and by its own Recruiting Solutions Conference, plus a partner motion (a strategic partnership with AMS underpinning the Yello Assist product) and federal contracting registration for public sector business. Funding proceeds were earmarked for investment in engineering, sales and marketing.

Employers of all sizes, from Fortune 500 multinationals and large public sector organizations to high-growth early-stage companies. The platform is typically used by companies with 5,000 or more employees; reported customers include Johnson & Johnson, Comcast, Aramark and PepsiCo. The company also holds federal contractor registration and sells to public sector buyers.

Geography

Headquartered at 70 W. Madison St., Suite 2250, Chicago, IL 60602. The platform is used in more than 70 countries and in more than 15 languages, serving large enterprises and brands across Europe, the United States and Asia Pacific.

History

Recsolu was founded in August 2008 in Chicago and built a client base among major employers for campus recruiting. In June 2015, at its Recruiting Solutions Conference in Chicago, the company announced it would operate under the name Yello, reflecting expansion beyond campus into professional, high-volume and specialty recruitment; the campus platform kept the Recsolu name. At the time of the rebrand the company had about 30 employees, growing by roughly 100 workers over the following two years. It raised a $6 million Series A in November 2014, an additional $4.2 million of Series B funding announced in September 2016, and a $31 million Series C in June 2017 led by JMI Equity. The company registered as a federal contractor in July 2016. More recent company announcements describe an acquisition of Symba, a strategic partnership with AMS including a product called Yello Assist, ISO 27001 certification and FedRAMP authorization.

Risks & controversies

Commentary accompanying the 2017 Series C noted a structural risk in the company's layered approach: because the product sits on top of an incumbent applicant tracking system or HRIS, an ATS vendor adding equivalent features natively could displace it, drawing an analogy to standalone mobile career-site providers that were displaced once ATS platforms became responsive.