Leading customer experience management platform provider Abacus Software Ltd has sold its applicant tracking software division to software specialist Giant Precision Limited
Leading customer experience management platform provider Abacus Software Ltd, which trades as Abacus e-Media, has sold its applicant tracking software division to software specialist Giant Precision Limited, in a deal advised by BCMS.
Abacus’s recruitment platform addresses the needs of public sector organisations to recruit, manage and retain the best talent.
Matthew Brown, Managing Director at Giant Precision, said “The acquisition of Abacus Recruit reinforces Giant’s strategy of investment and expansion of its provision of hosted software within the recruitment arena allowing Giant to invest in the development of Abacus Recruit into a market leading part of its product portfolio. Abacus Recruit will be rebranded as Giant Recruit as a first step towards driving the product forward in this exciting time for the clients and the product development team.”
BCMS advised Abacus e-Media, with legal support from Lewis Silkin LLP. Terms and value of the deal have not been disclosed.
BCMS Lead Advisor Luke Rebbettes commented: “Abacus e-Media has longstanding relationships with major public sector HR and digital teams, and in Giant Precision, we found a buyer well-placed to bring in additional resources and expertise to help this highly talented team take the business to the next level. I wish both the Abacus team and Giant Precision all the best for the future.”