OREANDA-NEWS. Compunnel Software Group, New Jersey-based staffing agency, recently acquired Austin-based talent acquisition tech company, Jobhuk, as it dives into the world of marketplace hiring. Jobhuk's Recruitment platform leverages its network of over 2,000 recruiters competing to fill positions. Jobhuk's two step filtering system is a key differentiator, combining machine learning algorithms with a manual vetting process by industry experts.

Jobhuk launched at internationally distinguished South by Southwest in 2013, where they were recognized as best bootstrapped company of the year. Praneeth Patlola, CEO and Founder in 2013 initially set out to solve the problem of recruitment through his own staffing agency, which morphed into a broader marketplace solution that both small and large companies can leverage. Marketplace dynamics generate fast results, provide access to more candidates, and create a more favorable supply/demand dynamic leading to lower commissions for employers.

Jonathan Kestenbaum, Executive Director with Talent Tech Labs (TTL), HR tech incubator, shared his experience watching Jobhuk's success working through the TTL program:

"We are extremely happy for Praneeth and his team over at Jobhuk. This acquisition shows validation for them and most importantly all the hard work we are doing at Talent Tech Labs to help the startups in our incubator succeed. We look forward to continuing to help other early stage founders make their vision a reality."

As part of the acquisition, Patlola will join the Compunnel team and lead its marketplace efforts going forward. With greater resources, Patlola is confident Jobhuk will continue to grow as a leader in marketplace recruiting. "With joined forces, we aim to drive disruptive innovation in the HR Tech and Recruitment spaces by removing the heavy noise in our industry and helping customers find top talent, fast," said Patlola. "Our recruiter base continues to grow… meaning our core service offering only becomes stronger by the day."

About Compunnel:
Compunnel Software Group, a $150M staffing and recruitment company, has dedicated 18 years to catering solutions in recruitment and E-learning services. Ranked as one of the biggest staffing firms in the US, Compunnel is a leader in contingent and permanent workforce solutions.  

About Jobhuk:
Jobhuk was founded in 2013 by Praneeth Patlola, a 10-year veteran of the staffing space and developer by trade. Jobhuk uses a 3-step filtering process to find the best candidates for specific job descriptions posted by recruiters. Jobhuk provides quality candidates with a lower cost for a single vendor, leveraging a growing recruiters network of over 2,000. 

About Talent Tech Labs:
Located in the heart of Manhattan, Talent Tech Labs (TTL) engages in investigation, research, validation, and acceleration of talent acquisition technology by fostering and connecting early stage companies with forward thinkers in the industry.