Acqui-hiring, which is the combination of two words – acquisition and hiring, is the process of acquiring a company for its talent rather than for its products, services, or earnings stream. In simple words, it is purchasing a team of smart people who have worked together successfully, hoping that they might accelerate the buyer’s business. Acqui-hiring has gained in popularity, as it accelerates the hiring process. The Acqui-hiring process is generally used in the tech sector. With the help of this process, companies can instantly gain an experienced and proven team.
An acquihire can renew a company and increase its earning potential. Major technology companies like Twitter and Dropbox have performed acqui-hires to improve their worker base. Hubspot has also done this. With an acqui-hire, the goal is much simpler.