Atlanta-based technology company Equifax has signed a definitive agreement to acquire Efficient Hire, a provider of cloud recruiting, onboarding and HR management solutions. The acquisition will help Equifax grow its suite of employer services, and bolster the firm's one of the largest and fastest-growing businesses: Workforce Solutions.

"The Efficient Hire acquisition demonstrates our commitment to reinvesting our 2021 outperformance in bolt-on acquisitions that further position Equifax for diversified growth," said Mark W. Begor, CEO of Equifax. 

Efficient Hire's current portfolio of solutions is designed to meet the needs of hourly employers, with an emphasis on helping firms in the restaurant, staffing, building services, senior care and hospitality industries, quickly and efficiently scale their workforces. Some of it offerings include HR management solutions for areas such as I-9/E-Verify, the Work Opportunity Tax Credit (WOTC) and the Affordable Care Act (ACA).

In the past 13 years, Efficient Hire has helped hourly employers hire more than 6.6 million new employees, and provided the tools to help them create a consistent and more efficient hiring process. Looking ahead towards newer opportunities, David Kenney, Founder and CEO of Efficient Hire said, "Our team is invigorated by the opportunities that lie ahead, as we leverage Equifax's renowned capabilities in analytics and technology for the benefit of our customers."     

With more than 13,000 employees worldwide, Equifax operates or has investments in 24 countries in several regions including North America, Central and South America, Europe, and the Asia Pacific region.

Based in Denver, Efficient Hire serves customers nationwide. Once the transaction has closed, Efficient Hire's leaders and employees will join the Equifax Workforce Solutions business. 

As the war for talent gets more fierce, employers seek better tools and solutions to improve their talent management systems. This creates a great opportunity for Efficient Hire and Equifax to synergise their capabilities and solutions and tailor innovative solutions for emerging talent challenges.