Jan 11, 2017

&nbspGabriel Avner 1 hour ago Israeli business scheduling solutions startup ScheduleOnce announced today their acquisition of Reschedge, a New York-based company with a much sought after patented algorithm designed for the hiring market. The amount paid for Reschedge with its technology and three employees has not been disclosed by the parties. ScheduleOnce was founded in 2006 by CEO Rami Goraly and CTO Gilad Goraly. A bootstrapped company built by the brothers, Rami tells Geektime that they began to gain traction in 2011. Integrated with CRMs like Salesforce, they streamline the process of scheduling needs throughout the customer life cycle, removing some of the back and forth that can cause leads to drop off. An example that Rami Goraly gives is that of demos for a B2B product. Once integrated onto a client’s landing or home page, the prospective lead can fill out a form to schedule a demo with a member of the sales team then and there. ScheduleOnce’s technology finds the open spot in the sales person’s calendar, and creates the meeting on the spot. This eliminates the experience of, “we’ll get back to you soon,” where a lead may turn elsewhere while waiting to set up a time for the demo. In buying up Reschedge, Goraly says that they are able to answer another client need: scheduling follow up interviews for new hires. Looking at the hiring process, there are basically two kinds of interviews. The first is the candidate screening over the phone, which Goraly says they traditionally had a very good solution for with their existing technology. The issue is that after a candidate passes the initial screening, they need to be scheduled for a follow-on interview with the hiring managers in the company. These interviews are very complicated to schedule since they will come in to meet with different managers throughout the day. Since hiring managers are busy, you need to factor in the availability of the hiring managers, the candidate, the room, and the order of the interviews. All this makes this extremely complicated to schedule interviews. Companies will normally have dedicated staff called interview scheduling coordinators to handle these tasks. A typical company of 2,000 people can have ten of these coordinators. Taking into account that it generally takes the coordinator half an hour to an hour to schedule an interview, this can put a lot of pressure on a company to keep up with the pressure. “This is where Reschedge comes into the game,” Goraly tells Geektime. He explains that Reschedge founder Jonathan Kennel had worked in the recruiting department at Google, developing algorithms for scheduling their interviews. He then left the company to build his own startup aimed at improving the scheduling processes. After Kennel launched Reschedge in 2013, Goraly says that it attracted a lot of interest and was acquired a few months later by HireVue, whicj wanted to incorporate the tech into their own technology. After taking ownership of the company, HireVue developed their own version of Reschedge’s scheduling engine that was integrated into their video platform, giving them a duplicate technology. Finally a few months ago, ScheduleOnce approached HireVue about acquiring the company and a deal was reached over the course of a few months of negotiations. Goraly tells Geektime that even though HireVue took the engine for their own product, ScheduleOnce has the rights to use the engine since the company has been left whole and now covers all interview types throughout the hiring lifecycle. “Going forward, the plan is to integrate Reschedge into the ScheduleOnce platform so that we can offer a best of breed solution for self service and coordinator-based tools,“ says Goraly. Interestingly, all of the company’s employees work from home. Most are spread throughout Israel, with a few in India as well. Goraly says that this allows them to hire people from all over the country, which is a point of pride for Goraly who himself lives in the more rural north of Israel, away from the crowded hub of Tel Aviv. Share on: About Gabriel Avner Gabriel has an unhealthy obsession with new messaging apps, social media and pretty much anything coming out of Apple. An experienced security and conflict consultant, he has written for The Diplomatic Club, the Marine War College, and covers military affairs with TLV1 radio. He mostly enjoys reading articles wherever his ADD leads him to and training Brazilian Jiu Jitsu. EEED 44D4 B8F4 24BE F77E 2DEA 0243 CBD1 3F7C F4B6 More Goodies From Gabriel Avner