Confrapar Celebrates Investment Return with JobConvo Acquisition by Senior Sistemas
Confrapar, an investment firm focusing on technology-driven companies, announced a return of more than 7,5 times the capital invested in JobConvo, which was sold today to Senior Sistemas.
“Confrapar has always believed in JobConvo’s potential in the HR technology market. This sale not only confirms our accurate investment strategy but also reinforces our commitment to helping companies expand in Latin America,” explains Kadu Guillaume, managing partner at Confrapar.
“JobConvo was the first company in the HR Tech sector we invested in. The high return on invested capital confirms our ability to generate significant value,” adds Guillaume.
Since its founding in 2002, JobConvo has distinguished itself with its innovative platform that includes technical and behavioral tests, recorded video interviews, and artificial intelligence for recommending jobs and candidates. These technologies have been key to the company’s average annual growth of 34.1% over the past five years.
The acquisition by Senior Sistemas, a Brazilian multinational with over 35 years of experience in management software, allows JobConvo to integrate further into a broad ecosystem of HR solutions, enhancing its capabilities and expanding its reach.
“We are optimistic about this partnership and believe that the market intelligence that Senior possesses, combined with JobConvo, will further enhance the optimization of HR tasks for companies across various sectors,” emphasizes Ronaldo Bahia, CEO of JobConvo.
Confrapar remains committed to its investment model in technology-driven companies, reinforcing its role in promoting sustainable and innovative development in Latin America.
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