Authoria Gets New Owner

Talent management provider Authoria announced Monday that it is being acquired by Bedford Funding for $63 million. This news is big among corporate recruiters, naturally, who wonder about the next phase of growth for Authoria, a company that started in 1997 and counts Aetna and Intuit, among others, as clients.

The private-equity firm will also help Authoria with an additional $8-million investment in working capital to enhance Authoria’s overall corporate growth, according to the company.

Josh Bersin, president of Bersin & Associates, a research and advisory firm, calls this “the next big software opportunity” as talent management — and the role of recruiters — certainly is changing.

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This announcement is also “an affirmation that a comprehensive view of talent management is of interest to the investment community,” points out Nina P. McIntyre, Authoria’s senior VP of marketing.

“Recruiters need to take a broad view of talent management, not only attracting talent but developing internal talent pools and quality of hire as they are all becoming so closely related,” says McIntyre.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.


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