Phenom, an AI company specializing in HR, announced it acquired EDGE, a leading resource management and talent mobility platform. This 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 major 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 also further strengthens Phenom’s ability to deliver solutions suited to different industries’ talent needs, helping companies execute strategic workforce planning at scale.
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:
1.) 16-day reduction in internal fulfillment cycle time
2.) 21% increase in the number of demands fulfilled internally
3.) 36% increase in supply visibility
4.) 28 times increase in the number of contractors replaced by existing staff
With Phenom, candidates are able to 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.
KEY QUOTES:
“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. This acquisition is a logical next step to support their verticalization strategy.”
– Sharath Hari, Vice President at the Everest Group analyst firm
“In the face of rapidly developing AI innovations, organizations must level up their workforces to remain competitive. 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.”
– Mahe Bayireddi, CEO and co-founder of Phenom
