Sonru Limited

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Sonru Limited - overview

Established

2007

Location

Wexford, -, Ireland

Primary Industry

Software

About

Sonru Limited specializes in innovative video interviewing technology that enhances hiring processes for businesses by allowing asynchronous video interviews, streamlining recruitment across various industries. Founded in 2007, Sonru Limited is based in Wexford, Ireland, and focuses on providing video interviewing solutions for businesses. The company underwent an acquisition by Modern Hire, Inc. in July 2020, which was previously financed by Enterprise Ireland and Kernel Capital.


Edward Hendrick is the founder of Sonru, having established the company to offer more efficient hiring methods. Sonru has completed a total of 3 deals, with the latest round of funding amounting to EUR 0. 660 mn raised in July 2020. Sonru specializes in innovative video interviewing technology designed to streamline the hiring process for businesses across various sectors.


Their core offerings include a platform that enables employers to conduct asynchronous video interviews, allowing candidates to respond to pre-set questions at their convenience. This technology enhances the efficiency of the recruitment process while broadening employers' reach, facilitating talent assessment without geographical constraints. Sonru's client base spans multiple industries, including technology, finance, and education, catering to organizations ranging from small startups to large enterprises. The platform is utilized globally, with significant adoption in key markets such as North America, Europe, and Asia, addressing diverse hiring needs.


Sonru generates revenue primarily through subscription-based models that allow businesses to access their video interview platform. Clients typically engage with the company through annual contracts, which provide varying service tiers based on features and user capacity. The transaction structure includes direct business-to-business relationships, where organizations pay upfront fees for their selected subscription plan. Pricing plans accommodate different scales of business needs, from basic packages suitable for small firms to comprehensive solutions that serve larger enterprises with extensive hiring demands.


Specific flagship services include customizable interview templates and analytics features, enhancing the overall value proposition for clients seeking to optimize their recruitment processes. The acquisition of Sonru Limited by Modern Hire, Inc. in July 2020 is aimed at expanding the employee headcount, global footprint, and product offerings of the acquiring company. This strategic move aligns with plans to enhance Sonru's capabilities and market presence.


Further details on upcoming product launches or expansions into new markets have not been disclosed.


Current Investors

The Riverside Company, Modern Hire, Inc., Kernel Capital

Primary Industry

Software

Sub Industries

HR & Workforce Software

Website

www.sonru.com

Verticals

Cloud Computing, IoT (Internet of Things)

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Sonru Limited - financials

Fiscal Year EndedDec 31, 2019
Revenue (USD)-
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Operating Margin-
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Sonru Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSonru Limited-

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Sonru Limited - employee data

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Sonru Limited - key contacts

NamePositionStart DateEnd DateVcardBio 
Vice Chairman of the BoardBM

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