Andela acquires engineering talent platform Qualified

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Tech staffing unicorn Andela is buying a smaller industry peer, as startups are looking to combine amid a tough funding market

. Though Qualified is profitable, Hoffner told Insider, he saw limited growth prospects for it as a standalone company and had long sought to join forces with a bigger talent marketplace. The company last raised funding in 2017, he said.Andela's acquisition of Qualified will widen its pool of remote tech talent and equip it with better tools to evaluate the talent of prospective workers, Johnson said.

Hoffner had initially sought a buyer for Qualified in 2021. It attracted a few potential acquirers, but none were a good fit, he said. He got connected to Johnson through Paige Craig, the founder and managing partner of Outlander VC, who had invested in both their companies. The three jumped on a call and saw"immediate synergy," Hoffner said.

 

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