ConveyIQ, Inc.

ConveyIQ, Inc. specializes in talent lifecycle solutions, offering advanced human resources software to optimize recruitment, onboarding, and employee management processes for organizations. Founded in 2010 and headquartered in New York, US, ConveyIQ, Inc. provides innovative recruitment solutions.

The company was acquired by Entelo Inc. in August 2019 in a transaction that enhanced Entelo's capabilities. The firm has participated in a total of 8 funding deals, with the latest being a Series B round in which USD 5. 50 mn was raised, led by South Central Ventures alongside other investors such as 3TS Capital Partners and StarVest Partners.

ConveyIQ, through its Rival platform, provides a comprehensive suite of HR solutions that includes Rival Recruit, Rival Workflow, Rival Learn, and Rival Perform. Rival Recruit offers access to over 700 million candidate profiles with AI-driven insights, while Rival Workflow optimizes the employee lifecycle. Rival Learn delivers tailored learning solutions, and Rival Perform focuses on continuous employee performance management. The platform caters to various clients across North America, Europe, and Australia.

ConveyIQ generates revenue through a subscription model, allowing clients to access its HR solutions. The pricing structure is adaptable based on the size of the organization and the specific functionalities required. The company typically engages clients in multi-year contracts, ensuring stable revenue flow through sales of product licenses and potential partnerships with ATS vendors and HR service providers. ConveyIQ's acquisition by Entelo Inc.

allows for expansion in product offerings and enhanced capabilities. The company aims to enhance its product suite and is expected to leverage the recent funding to support these initiatives. The specific details about new products or market expansions are not disclosed, but the acquisition positions ConveyIQ for future growth in the HR technology sector.