Leading technical staffing platform CloudDevs has acquired LatHire, a general-purpose hiring platform, to form the largest talent platform in Latin America. This strategic acquisition is set to immediately expand CloudDevs’ talent offering to include key sectors like marketing, sales, and customer service.
CloudDevs boasts the largest platform for hiring pre-vetted, Latin American software developers and other technical professionals, offering over 400,000 engineers who have previously worked at companies such as Google, Microsoft, Netflix, Meta, Reddit, and Ford. By merging with LatHire, it now acquires LATAM’s largest non-technical talent platform to create a combined offering of over 500,000 pre-vetted professionals, the largest Latin American talent pool.
Following the merger, both platforms will continue to offer comprehensive staffing solutions for full-time and part-time hiring, for both project-based and permanent engagements. Both CloudDevs and LatHire-which will continue to operate under their respective brand names-will also maintain their 24-hour turnaround guarantee.
The merger is a direct response to the rising demand for remote Latin American talent in the US. In 2023, US companies increased their year-over-year hiring in Latin America by 50%, following a 161% increase across 2022. This is further reflective of the rise in remote working in the US, with more than 1 in 4 workdays performed from home in 2024.
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One of the key features of both CloudDevs and LatHire platforms is its ability to augment existing US teams with time zone-matched remote talent. The geographical proximity, coupled with the strong standard of English fluency in the region, is a driving factor in the popularity of building remote teams in Latin America.
A core part of the combined CloudDevs-LatHire offering is their time-saving measures. In the US, it typically takes over 4 weeks to recruit for an open position, with particularly long processes for vacancies in technology, design, education and healthcare. In order to reduce the time-to-hire, both talent platforms are pre-vetted and all members have undergone rigorous industry-specific skill assessments using an industry-leading AI algorithm.
CloudDevs’ acquisition of LatHire is expected to provide an expanded service to CloudDevs clients, introducing LatHire’s interactive, AI-powered marketplace which can decrease time-to-hire by an additional 50% and does not require a deposit. The merger will also offer CloudDevs clients the opportunity to hire non-technical talents across marketing, sales, administration, customer service, design, accounting and more from a single dashboard.
CloudDevs and LatHire offer significant savings compared to local hiring, with average savings of 80% for non-technical talent and 60% for tech talent like software developers. By cutting their time-to-hire by over 90%, companies can also save significantly on hiring costs – the average cost per hire in the US is $4,700, while both CloudDevs and LatHire are free to use until a hire is made.
Source: Newswire
