Oleeo : Announces Corporate Privatisation

LONDON, UK - November 7, 2019 - Oleeo, the pioneer in artificial intelligence-enabled recruiting technology solutions, today announced its corporate privatisation from the London Stock Exchange. The change enables Oleeo to accelerate its artificial intelligence (AI) technology innovations and market expansion, while also increasing its investments in customer success.

'Oleeo has been profitable and self-funded for the past 16 years and today our recruiting technology solutions are used by over 400 employers to attract, engage, and hire their workforces,' says Oleeo Founder and CEO Charles Hipps. 'Over the last two years alone we have invested millions of pounds in research and development, as well as customer success. Corporate privatization gives us the flexibility to invest even more to fast-track our growth.'

The name Oleeo is based on the ancient word 'olio,' which means a diverse collection of things that come together to make something beautiful. Oleeo's purpose is to help its customers attract, engage, and hire amazing diverse teams that can change the world for the better. Oleeo's vision for the use of AI and automation in recruiting is key to achieving this.

Innovation in AI and Automation in Recruiting

Oleeo is pioneering the application of AI and automation to enable more efficient, effective, and inclusive recruiting practices. With the agility achieved through corporate privatisation Oleeo plans to accelerate its investments in this area. Today a few of Oleeo's AI and automation applications include:

Candidate scoring: Leveraging prescriptive analytics and thousands of candidate and employee data attributes, Oleeo's candidate scoring helps recruiters widen and diversify the candidate pool while also streamlining candidate screening. Recruiters can quickly and confidently move top-scoring candidates through to the next stage in the process, focusing their screening time and expertise on mid-scoring candidates.

Diversity and inclusion (D&I) insights: Oleeo provides analytic dashboards, giving customers insights into the factors that are creating bias in candidate selection, the areas of their processes that are most effective at achieving positive recruiting outcomes, and the state of D&I in their recruiting pipelines.

Name blind: Oleeo's name blind capability leverages machine learning to mask candidate names and other attributes to reduce unconscious bias in recruiting.

Content personalisation: In support of candidate engagement Oleeo automatically surfaces relevant personalized content to candidates based on who they are and where they are in the recruiting process.

Customer Success

Oleeo is customer obsessed, focusing on earning and keeping customer trust. One of Oleeo's unique differentiators in the market is the depth and extensiveness of the Oleeo recruiting platform's capabilities and configurability. Put simply, Oleeo can configure its platform to meet the highly diverse needs of employers, including those with the most complex and high volume recruiting workflows.

Oleeo's customer success organization works to ensure customers achieve maximum and increasing value from Oleeo year after year, and leverages Oleeo's innovations in AI and automation to help accomplish this. As a result of corporate privatisation, Oleeo plans to strengthen its investments in customer success and support resources.

Market Expansion

Oleeo counts many of the world's top employers among its customers, including leaders in finance and banking, retail, technology, e-commerce, professional services, manufacturing, recruitment process outsourcing, travel, and entertainment. In the US Oleeo experienced over 40 percent sales growth from 2016 to 2018, with plans to increase investments to accelerate growth in that market. In the UK Oleeo is already the leading talent acquisition technology provider, where the company counts some of the UK's most notable brands as its customers, as well as many branches of public service, including healthcare, central government (covering half a million civil service employees), and over 60% of the police forces.

Industry Recognition and Achievements

Oleeo has received accolades at a number of industry events, further underscoring the strength of the company's innovative recruiting solutions. Most recently the company was named Most Innovative Recruitment Technology Provider in the Corporate Vision 2019 Recruitment Awards, the M&A Today Global 100 Awards, and the Corporate USA Today Annual Awards in 2019 respectively. In addition, Oleeo was awarded a Gold Stevie Award for Talent Acquisition & Retention Solution Provider of the Year in the 2019 Stevie Awards for Great Employers.