15 January 2016
Randstad Innovation Fund (RIF) is leading a Seed financing in Focus Orange Technology B.V., and further strengthens its portfolio of HR technology companies around talent acquisition and workforce management. The investment is directed at the development of Crunchr, Focus Orange’s analytics platform. Crunchr collects, validates and consolidates people data into meaningful insights around strategic workforce planning, succession, talent management and employee preferences. Analyses are presented in multi-dimensional reports while the built-in learn function helps users translate insights into action.
“Crunchr fits Randstad’s objective to offer comprehensive total talent management solutions,” says Randstad Executive Board member Linda Galipeau. “We have high expectations of Crunchr’s HR-analytics tool and of its potential to give our clients insights in their human capital and workforce planning.”
“We are at the forefront of HR data analytics,” says Dirk Jonker, founding partner of Focus Orange and chief technology officer of Crunchr. “We are thrilled to have the financial support of Randstad Innovation Fund to accelerate the development of our custom modelling solution Crunchr Next, and to scale up deployment in Western Europe and the United States.”
As a strategic corporate venture fund, RIF is building a portfolio of early-stage HR technology investments. RIF invests in companies, which are at the forefront of technology or transforming the talent acquisition and workforce management industry, hence boosting external innovation within the Randstad Group. The goal is to combine Randstad’s expertise and reach with entrepreneurial spirit and technological excellence. RIF has invested in 7 portfolio companies since its launch in March 2014. Visit www.randstad.com/innovationfund for more information.
About Focus Orange and Crunchr
Focus Orange is specialised in innovative human capital management. The company developed Crunchr, a SaaS based HR reporting and analytics platform. With Randstad Holding, Arcadis and Deloitte as launching customers, Crunchr provides insights in organisation analytics, strategic workforce planning, succession management, talent management and employee preferences. Each solution can be purchased separately or as part of the integrated Crunchr platform. Crunchr complies with the international standards on data privacy and integrity, and is implemented within weeks without business disruption. Crunchr was recognized by Gartner as ‘Cool Vendor in Human Capital Management 2015’. http://www.crunchrapps.com
Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placements to inhouse, professionals, search & selection, and HR Solutions. The Randstad Group is one of the leading HR services providers in the world, with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States as well as major positions in Australia and Japan. In 2014, Randstad had approximately 29,000 corporate employees and around 4,400 branches and inhouse locations in 39 countries around the world. Randstad generated revenue of € 17.2 billion in 2014. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information see www.randstad.com.
For more information, please contact: Machteld Merens/Arun Rambocus, telephone: +31 (0)20 569 56 23