Innovative Hiring Tech Applied's platform leverages anonymized applications and skill-based assessments, positioning it as a modern solution for organizations seeking ethical and effective hiring methods. This focus appeals to companies prioritizing diversity and inclusivity, presenting opportunities for partnerships or integration with HR tech providers targeting progressive organizations.
Growing Market Presence Despite a smaller revenue range of 1 million to 10 million dollars, Applied's recent media coverage and active engagement in industry comparisons indicate expansion potential and increasing recognition within the human resources sector. This growth trajectory suggests opportunities for sales efforts towards mid-sized HR departments and staffing firms looking for innovative talent acquisition tools.
Technology Integration The company’s tech stack includes popular platforms like Salesforce, Hadoop, and GraphQL, which demonstrates an ability to integrate and automate hiring processes with existing enterprise systems. This compatibility makes Applied an attractive partner for large organizations aiming to modernize their HR infrastructure, providing a pathway for cross-selling and upselling advanced HR analytics solutions.
Potential Market Synergies Applied operates in a competitive landscape with over a dozen firms like Cognizant and UiPath, indicating a broad market opportunity for selling complementary HR and automation solutions. Engaging with these firms’ client bases or co-developing solutions could open doors to upselling services targeted at digital transformation and talent acquisition efficiency.
Financial and Investment Interest Recent investment activity, with $3.3 million in funding and holdings by asset managers like Assenagon, signals investor confidence and financial stability. Leveraging this financial backing could facilitate targeted outreach to organizations prioritizing innovative, well-funded HR technologies, especially those interested in ethical hiring solutions aligned with current market trends.