The Cube Journal
Rancilio Cube exited Meritocracy
Even if our investment had been short in time, it was a privilege to meet and collaborate with Riccardo and Alberto, two entrepreneurs with “the eye of the tiger”!
We are now happy to announce that Meritocracy is now part of Openjobmetis Spa, the leading Italian employment agency. The company acquired the 100% of Meritocracy, the Italian digital recruiting platform, to integrate technology in their search & selection business with the goal of embedding and developing technology in the current search & selection business of the Group.
“We founded Meritocracy to build the place where young digital professionals can find the jobs of tomorrow. Looking for your next job should be a rewarding experience. We figured out a candidate-centric process, which enables users to have an in-depth exploration of Companies’ vision and working life and uses technology to match with the right job opportunity. Thanks to our team and the support of our partners like United Ventures, Rancilio Cube and several private investors from the digital ecosystem, 10.000+ candidates found a new job through Meritocracy. The acquisition by Openjobmetis is a starting point: we will develop EU market and foster R&D, supported by a Group that proved to be a leading voice on the Italian Market, willing to disrupt traditional business models in the HR sector.” Said Riccardo Galli, Meritocracy co-founder.
“Meritocracy certainly represents an important opportunity for the growth of our present and future business, since it will allow us to further specialize in the selection process. We registered a growing demand for qualified personnel in the digital professions and we want to be ready to manage this transition, a goal which will be helped by this acquisition.” Said Rosario Rasizza, Openjobmetis CEO