Accolo Inc

Accolo Inc specializes in Recruitment Process Outsourcing (RPO), providing organizations with tailored talent acquisition solutions to meet diverse hiring needs across various industries. Founded in 2000 and headquartered in Lehi, US, Accolo Inc focuses on recruitment process outsourcing, facilitating recruitment for both public and private sectors. The company has undergone significant strategic changes and is now operating as Orion Talent. In May 2019, Orion Novotus, backed by L2 Capital, Lakewood Capital, and Patriot Capital, acquired Accolo Inc, with undisclosed financial details.

The company has completed four deals to date, with its most recent deal occurring on May 20, 2019. The latest funding round was a Series C, raising USD 1. 15 mn, which is also the total amount raised. Accolo, now operating as Orion Talent, specializes in Recruitment Process Outsourcing (RPO), providing comprehensive talent acquisition solutions that span a range of hiring needs.

Their services assist organizations in everything from individual position recruitment to large-scale hiring initiatives, focusing on sectors that require skilled labor. Accolo tailors its offerings for both public and private sectors, prioritizing connections to a network of highly sought-after candidates, including veterans and military personnel. Their RPO solutions include resources such as talent acquisition insights, case studies, videos, and infographics, catering to various geographical markets including North America and Europe, all aimed at enhancing recruitment efficiency and effectiveness. Accolo generates revenue through its RPO services, primarily adopting a business-to-business (B2B) model.

Clients collaborate with the firm to enhance their recruitment processes, often resulting in long-term partnerships. Engagements typically involve tailored service agreements, with clients paying for specific recruitment solutions based on their needs. The revenue model may include subscription-based arrangements or project-based fees, potentially featuring performance-based pricing aligned with successful candidate placements. Accolo's offerings are designed to streamline hiring processes and improve candidate quality, thus enhancing overall organizational performance.

Accolo is focused on future growth through the enhancement of its service offerings and expansion into new markets. While specific upcoming products have not been disclosed, the company is strategizing to optimize its existing RPO services. Recent funding from the Series C round will support these initiatives, although specific allocation details are not available. Furthermore, Accolo plans to target new geographical regions for expansion, although specific markets have not been identified.

The acquisition by Orion Novotus is expected to further strengthen Accolo's market position and operational capabilities.