TritonExec has entered a collaboration with Prytek in an effort to expand its talent solutions. The Singaporean multinational technology corporation has committed to making an initial investment of $30 million to fund future growth opportunities, according to a press release.
"Our investment in TritonExec is a completion of the value chain, from executive search at board and C-suite, to building out leadership teams two and three levels below – we provide the entire solution on a platform for companies and hyper-scalers,” Prytek's founding entrepreneur and CEO, Andrey Yashunsky, said. “Powered by technology, we can provide data products, Saas and a licensed platform empowering our clients to do it themselves, improving the efficiency of their own internal talent acquisition teams."
Specializing in leadership hiring for professional, tech services and fintech, it also hopes to leverage Prytek's HR technology services catalog and improve its ability to contribute to the tech-enabled talent solutions ecosystem.
The move follows the recent investment of Chicago-based talent acquisition provider, Hirewell.
"We are thrilled by the services and cultural alignment between our two organizations. Both organizations are hyper-focused on helping clients hire top talent,” Hirewell's founder and CEO, Matt Massucci, said. “We both recognise that our employees are vital to our continued success and are excited to disrupt the talent solutions industry through our combined services, technology and the capital to scale from Prytek."
Under the new venture, TritonExec, credited with establishing Exec RPO-as-a-services, will develop strategies alongside Hirewell to offer tech-driven end-to-end solutions to clients worldwide.
“The combination of TritonExec's C-level network, and Hirewell's embedded technology with the experience of a combined 250 recruiters spanning the globe creates a unique partnership that will enable both organizations to help clients scale faster,” a recent press release states.
With an existing presence in Europe and the U.S., TritonExec recently celebrated launches in India, Philippines, Japan and Australia, with plans to expand in additional territories in the near future.
"Prytek buy and invest in technology companies in Fintech and EdTech, two core areas we heavily recruit in, as well as HRTech, which will enable us to improve the quality and impact we can have to our clients. Not only does this partnership make sense from an investment and growth perspective, but our understanding of the world and customers are very aligned," TritonExec co-founders Ben Graham and Jonathan Morris said. "From the moment we met Andrey, his passion for technology and ambition matched ours. He and his team empower the leaders they invest in to support their growth. We look forward to creating end-to-end solutions for our customers through synergies and partnerships across the group."