Cielo, Inc.
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Cielo, Inc. - overview
Established
2005
Location
Brookfield, WI, US
Primary Industry
Outsourcing
About
Cielo, Inc. is a premier talent acquisition partner, specializing in customized recruiting solutions that cater to diverse industries, including healthcare, technology, and manufacturing. Cielo, Inc. was established in 2005 in Brookfield, US, through the merger of Pinstripe, Inc.
and Ochre House. The company has undergone strategic changes to enhance its operations and service offerings. Marissa Geist serves as the CEO, leading the firm in its mission to improve talent acquisition processes. Cielo attracted significant investment when Permira acquired a majority stake in the company in January 2019, following a deal in December 2018.
Cielo provides comprehensive talent acquisition solutions, including Recruitment Process Outsourcing (RPO) for managing the hiring process and Contingent Workforce solutions for sourcing contractors. Their offerings feature TA Optimizers™, which streamline recruiting, and consulting services to enhance employer branding and diversity initiatives. The company serves a global clientele across North America, Europe, Latin America, and the Asia-Pacific region. Cielo's revenue model is centered on B2B transactions, primarily through subscription-based agreements for its RPO services.
Revenue is generated via fixed fees based on recruitment support levels, alongside additional costs for services like employer branding and consulting. Their flagship offerings, including TA Optimizers™ and sourcing tools, significantly contribute to revenue generation. Cielo is focused on expanding its service offerings and entering new markets. While specific upcoming products have not been disclosed, the company aims to enhance its portfolio to meet evolving recruitment challenges.
The recent investment from Permira will support these initiatives, although detailed plans regarding market expansion or targeted geographic regions are yet to be announced.
Current Investors
Permira, Baird Capital Partners, State of Wisconsin Investment Board
Primary Industry
Outsourcing
Sub Industries
Recruitment/Executive Search
Website
www.cielotalent.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Cielo, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Cielo, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Ochre House | - | ||||||||
| Secondary Buyout | Completed | Cielo, Inc. | - |
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