Phenom, an AI company specializing in HR, announced it acquired EDGE, a leading
resource management and talent mobility platform. The acquisition strengthens Phenom’s workforce intelligence solutions for the professional services industry and global capability centers (GCC).
The sixth acquisition and addition to the Intelligent Talent Experience platform portfolio marks a significant step in Phenom’s purpose to help a billion people find the right work.
The EDGE acquisition adds advanced resource planning capabilities to the Phenom platform, market tested by some of the world’s leading professional services organizations and GCCs. This further strengthens the ability for Phenom to deliver solutions suited to different industries’ talent needs, helping companies execute strategic workforce planning at scale.
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EDGE ontologies have been refined through thousands of interactions with employees, managers and HR to deliver highly contextual recommendations for the GCC market. This, coupled with their unique automation framework, has helped companies achieve:
- 16-day reduction in internal fulfillment cycle time
- 21% increase in the number of demands fulfilled internally
- 36% increase in supply visibility
- 28x increase in the number of contractors replaced by existing staff
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“Phenom has been on our radar for several years due to their focus on AI and talent intelligence for a variety of
HR applications across different industries,” said
Sharath Hari, Vice President at the Everest Group analyst firm. “This acquisition is a logical next step to support their verticalization strategy.”
“In the face of rapidly developing AI innovations, organizations must level up their workforces to remain competitive,” said
Mahe Bayireddi, CEO and co-founder of Phenom. “Intelligence and automation empower
HR teams to provide phenomenal experiences at scale, and the EDGE acquisition adds tremendous value to better serve professional service companies and global capability centers.”
With Phenom, candidates find and choose the right job faster, employees develop their skills and evolve, recruiters become wildly productive, talent marketers engage with extreme efficiency, talent leaders optimize
hiring processes, managers build stronger-performing teams, HR aligns
onboarding and
employee development with company goals, and HRIT easily integrates existing
HR tech to create a holistic infrastructure.
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Source – Businesswire
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