Workable (software) explained

Workable Software is a software-as-a-service (SAAS) that provides applicant tracking system (ATS) and recruitment software to support and manage the hiring process.^{[1] [2]}

It was founded in Athens, Greece, but it is now based in Boston, Massachusetts.^{[3] [4]}

History

It was founded in 2012 in Athens, Greece, Nikos Moraitakis and Spyros Magiatis.^{[1] [5] [6]} It later moved its headquarters to London, England and Boston, Massachusetts in 2014.^{[5] [4]}

In 2014, Workable received a $1.5 million investment from Greylock Israel to further develop its platform.^{[1] [6] [7]} Previously, it received an investment from Openfund in 2013.^{[8] [9]}

In 2015, Workable received an investment of $27 million in Series B funding from Balderton Capital and others.^[5]

In 2018, Zouk Capital invested $50 million in Workable.^[4]

In 2020, Workable was included in the FT 1000 list.^[10]

Platform

Workable is a cloud-based recruitment platform for small and medium enterprises (SMEs).^{[6] [7] [11]} Its software helps businesses automate their candidate sourcing and screening processes.^{[4] [12]} The software takes recruiting and personal data from online publications and, based on that, its predictive algorithms recommend candidates for a particular position.^[4] The software can also schedule interviews and send follow-up emails. It uses a pay-as-you-go model for smaller companies.^{[4] [13]}

Reception

Workable was reviewed by Juan Martinez and Gadjo Sevilla of PCMag in 2019 and wrote positively about the software.^[14] Similarly, its platform was reviewed by TechRadar in 2022.^[15]

Notes and References

1. Web site: With Start-Ups, Greeks Make Recovery Their Own Business. Niki. Kitsantonis. 24 March 2014. New York Times.
2. Web site: Tech Start-Ups Bloom in Recession-Hit Greece. Time.
3. Web site: 8 Greek innovators defying the odds. Lori. Ioannou. CNBC.
4. Web site: Recruitment software maker Workable raises $50M. Boston Business Journal.
5. Web site: Workable Raises $27 Million to Help Small Businesses Compete for Talent. Lora. Kolodny. WSJ.
6. Web site: Workable Raises $1.5M From Greylock IL To Build Cloud-Based Recruitment Software For SMEs. Ingrid. Lunden. 7 March 2014. TechCrunch.
7. Web site: Recruiting platform Workable gets $1.5M to make hiring a breeze. 8 March 2014. VentureBeat.
8. Web site: Workable Makes It Easier For Companies To Hire, Raises $780K. Robin. Wauters. 4 March 2013. TNW.
9. Web site: Hiring SaaS Platform Workable Raises Another $5M. Mike. Butcher. 26 February 2015.
10. Web site: FT 1000: the fourth annual list of Europe's fastest-growing companies. 2 March 2020. Financial Times.
11. Web site: Greek technology entrepreneurs win funds for start-ups.
12. Web site: Workable: Winning With The Talent Wars. Forbes.
13. https://scouttalenthq.com/ Recruitment Platform
14. Web site: Workable Review. PCMag.
15. Web site: Workable hiring service review. Mike . Jennings . 21 February 2022. TechRadar.