Egyptian Startup Wuzzuf Acquires Viriphi and Sets Off to Hire 1 Million
After nabbing a $1.7 million investment last year, the recruitment platform acquired the job assessment provider, aiming to catalyse the hiring of one million Egyptians by 2020.
Consider the notion of Alliance, talk about it openly, and you may find a willing partner, an analogous spirit, and greater success than when working alone. That's probably what Wuzzuf - the Egyptian startup that made waves lately when they raised a $1.7 million round from European VCs - thought when they went on to acquire one of their clients, Viriphi.
Viriphi is a locally leading job assessment provider aiming to help employers optimise hiring, offering a standardised assessment that measures key abilities employers look for in new hires, such as English proficiency and problem-solving. “Over the past two years, we have delivered Viriphi assessments to thousands of job seekers,” says Amr ElGabry, CEO and Founder of Viriphi. The startup revealed that they plan to expand and progress faster internationally using Wuzzuf's database of users. "Before starting the acquisition discussion, Viriphi has been a customer of Wuzzuf, and we have observed closely their superior technical capabilities and customer experience,” he says.
“I am excited about what Wuzzuf and Viriphi can do together to achieve our mission of hiring 1 million people by 2020,” says Ameer Sherif, CEO and Co-Founder of BasharSoft, the holding company of Wuzzuf. The entrepreneur announced that, after completing the business integration of both companies, they will launch a series of new services. Recently at the RiseUp Summit, Wuzzuf launched the Startup Talent Matchmaking in a mission to identify top talents and help startups reach them.
BasharSoft, the holding company for Wuzzuf and Forasna, completed the acquisition after recently closing a Series A of $1.7 million from Sweden-based Vostok New Ventures and UK-based Piton Capital, in addition to previous investment from 500 Startups and Endure Capital. The acquisition deal is the first of its type in Egypt, and probably in the region.
Main photo: Wuzzuf CEO Ameer Sherif during a panel at the RiseUp Summit.
Photo credit: @MO4Network's #MO4Productions.