Nvoi Ltd has acquired digital marketing platform JXT, including its key assets, to form what will be a game changing partnership for the recruitment industry.
JXT will now have access to market leading technological experts who will help guide the expansion of its operations in Australia, the UK and the USA.
JXT is already a world leader in cloud-based digital marketing solutions for recruiters and corporate hiring teams with small to multinational recruitment companies utilising its services in more than 20 countries across the globe.
Nvoi, a platform which enables recruitment agencies to provide their clients with 24/7 direct access to vetted candidates and hire them directly, will also start looking for opportunities to scale up its business and become a player on the global stage.
Nvoi Group CEO and Managing Director of JXT, Raife Watson said the acquisition will turbo charge product development at JXT and help both companies reach their potential at this critical time.
“With millions of workers now unemployed and facing job uncertainty due to the coronavirus pandemic, there has never been a more important time to ensure that recruiters have a stable, strong, reliable and ready-to-deploy platform to connect employers and job seekers.
“There will be a lot of movement in the jobs market over the coming months and recruiters and major employers will need flexible, reliable, agile, easy to use and efficient technology to support their employment needs.
“Recruiters need to be able to access the right people at the right time and by bringing together JXT and Nvoi we have a tech savvy team with a vision to transform recruiting in Australia and across the globe” Watson said.
Nvoi Ltd boasts an experienced team at board and executive level including Non-Executive Chairman Philip Crutchfield and Chief Product Officer Steve Butler.
Nvoi has also announced the expansion of its strategic partnership with CareerOne to leverage the full strength of CareerOne’s technical team and the rollout of CareerOne’s job board technology across the JXT product offering.
“CareerOne has very impressive job matching technology and having the ability to further leverage their IP through our strategic partnership will allow Nvoi to enhance the JXT business and its product offering.
This expanded partnership will allow Nvoi to leverage all of CareerOne’s job technology to deliver marketing leading products and services at pace. They have a proven track record of building large scale applications in the job market, supporting their own business but also some of Australia’s largest recruiters and corporates,” Watson said.
JXT founder Rick Maré will remain engaged with the business with a focus on marketing and business development opportunities.
“Now we have secured the support of a leading team of tech experts with extensive experience within the industry, we are excited about what the future holds, the positive impact we will have on the industry and the opportunity to fulfill our potential,” said Mr Maré.
Nvoi, which announced the acquisition to the ASX on Thursday, will pay a cash consideration of $650,000 for the JXT business and key assets.