MBO completed at Sheffield talent acquisition specialist TribePad

TribePad, the talent acquisition software specialist, has been purchased in a management buyout led by former Plusnet CTO Dean Sadler and the board of directors.

The board acquired 100% of the business, which delivers applicant tracking software for a a wide range of brands including the BBC, Tesco and KFC.

Founded in 2008, the Sheffield-based recruitment technology firm uses the software to administrate tens of thousands of vacancies every month and is responsible for millions of active candidates.

TribePad aims to deliver efficiencies and long-term cost savings on recruitment processes, particularly in businesses which handle multiple vacancies, often across several sites.

The business currently serves more than 50 customers across 16 countries.

Dean Sadler, the recently appointed TribePad CEO, said: “The completion of the MBO is a crucial step which enables us to actively implement our aims for the business, including doubling turnover in the next 12 months.

“Some of the biggest brands in the world have come to favour our product because of unrivalled expertise and world-class customer support; it is now time to build on this and take the product into new markets.”

The TribePad board was assisted by Matt Ainsworth, partner at Irwin Mitchell and Matt Milne of Shorts Accountants.

Matt Ainsworth added: “TribePad is a highly innovative company and in a short space of time has built up a strong reputation for driving cost savings within the recruitment sector.

“We are delighted to be working with TribePad and we wish the business a successful future.”

Matt Milnes concluded: “We were delighted to assist the shareholders with this transaction, and look forward to providing continued support throughout the next chapter of the company’s growth.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.