Saudi Arabi-based leading HR consultancy, KABI Technologies has acquired UAE-based AI-powered recruitment technology solutions provider BLOOVO in the largest acquisition of its kind in the HR technology sector in the Middle East and North Africa (MENA).
Through this acquisition, KABI and BLOOVO aim to help clients create and manage talent acquisition solutions, as well as to leverage data analytics and artificial intelligence to boost applicant experience and recruitment.
KABI explained that this acquisition has contributed to the creation of a huge regional entity specialized in providing exceptional solutions that support the digital transformation of the human resources sector in the Kingdom, in line with the Kingdom’s Vision 2030.
Commenting on this acquisition, Mr. Khaled Al Oraij, CEO and Vice Chairman of the Board of Directors of KABI, said that, “This acquisition will enable the company to strengthen its position as a leader in the field of human resource technologies, through its system of innovative smart solutions that will revolutionize the current HR practices to be made more efficient and dynamic.”
The CEO noted that this acquisition will enhance the company’s ability to expand and innovate as a result of the integration and the future vision of the company’s leadership.
“With this acquisition, KABI is at the forefront of recruitment technology innovation, having a great team in place to drive this vision. KABI’s acquisition of BLOOVO will help prospective customers in accelerating the transition to a digitized, automated, and smart experience-driven recruitment function, as well as help stakeholders with localization mandates & nationalization plans to achieve their objectives in line with vision 2030, as well as achieving enterprises’ own hiring goals in an efficient, smart & timely manner,” added Mr. Al Oraij.
On this occasion, Dr. Ahmad Khamis, CEO of BLOOVO noted that, “We are happy to be joining hands with KABI by integrating BLOOVO’s AI-enabled solutions with KABI’s solutions. We are talking about a local giant in the making in the HR Tech domain. The integration of BLOOVO into KABI will provide a truly intelligent talent acquisition experience that operates in tandem with KABI’s offering to deliver hiring success and achieve the sought-after digital transformation in HR.”
