JazzHR merges with Jobvite and NXTThing RPO

[dennisgorelik]

Several of companies in recruiting space (where PostJobFree operates) - merged together.

1) JazzHR merged with Jobvite and NXTThing RPO.

My understanding (hypothesis) is that Jobvite acquired a new CEO, by acquiring JazzHR company.


2) JazzHR got $24.6M in funding, but has weak web traffic results.
So now JazzHR merges with Jobvite and NXTThing RPO (Startwire).
NXTThing RPO acquired Startwire (October 2019).

============
https://www.crunchbase.com/organization/theresumator/company_financials
Total Funding Amount $24.6M
Oct 25, 2017 Series D - $6.6M
============

https://www.similarweb.com/website/jazzhr.com/



3) Jobvite got a whooping $255.5M in funding:
~~~~~~~~~~~~~~~~~~~~~~~
https://www.crunchbase.com/organization/jobvite/company_financials
Total Funding Amount $255.5M
Feb 11, 2019 $200M K1 Investment Management
~~~~~~~~~~~~~~~~~~~~~~~

https://www.similarweb.com/website/jobvite.com/



4) https://www.jazzhr.com/blog/jazzhr-is-joining-forces-with-jobvite-and-nxtthing-rpo/
At 0:33 in Vimeo video, Pete Lamson (CEO of JazzHR) said: "I'm also looking forward to serving as CEO for our combined company."

My hypothesis is that previous Jobvite CEO Aman Brar (that Jobvite hired in 2019) - did not work out.


5) I do not understand why is this a triple-merger (with NXTThing RPO as well).
Usually, mergers combine 2 companies together, not 3.
I know about NXTThing RPO that it acquired Startwire.com back in October 2019.


6) What do you think about the reasons for that merger?