- Following a successful string of scale/geography acquisitions, StepStone enters a new paradigm of personality-based (as opposed to experience-based) job matching.
- Allowed StepStone to bolster its mobile capabilities while acquiring a leading psychometrics team.
Overview
On January 22, 2016, StepStone acquired Good & Co, the leader in gamified psychometric assessments, in an all cash deal.
Transaction not publicly announced for several months as Good & Co continued work on the next version of its mobile product.
Significance
Catapult’s role
- Successfully sold the future vision of an early-stage mobile app to one of the world’s leading job board companies.
- Navigated several complicated cross-border issues.
- Launched an accelerated dual path process in response to inbound interest from both acquirers and VCs.
- Negotiated a favorable outcome for Good & Co management and investors, with a meaningful percentage of proceeds accruing to employees.