Conversational AI platform Paradox has acquired Spetz.io, an Israeli startup with a chatbot for candidate communications. According to Paradox this lays the foundation an R&D center in EMEA.
Founded in 2017 by three classmates in an entrepreneurial accelerator program, Spetz is a messaging platform that helps companies like Sodastream and IKEA engage candidates via messaging apps like WhatsApp with simple, friendly, automated chat. From pre-screening to scheduling reminders, Spetz’s bot reduces hiring friction and increases engagement.
Strategic investment
The acquisition highlights Paradox’s strategic investment in global innovation and client services, said Paradox founder and CEO Aaron Matos. “This acquisition is all about aligning with incredibly smart people who share our passion for building products that recruiting teams love,” Matos said. “We were impressed with the Spetz team’s growth, and even more impressed with their vision for what we can build together.”
Opportunity
Yam Dvir, Spetz’s co-founder and CEO, said the feeling was mutual.“When we met with the Paradox team we immediately saw a massive opportunity to build something bigger than ourselves,” said Dvir. “Combining our expertise with Paradox’s vision and momentum as a clear category leader is really one of those ‘the whole is greater than the sum of its parts’ opportunities. We can’t wait to get started accelerating Paradox’s vision for a future where recruiting is frictionless, elegant, and people-centric.”
