Phenom, a purpose-driven HRTech firm helping global enterprises hire faster, develop better, and retain their people longer, has announced its acquisition of Tydy, a human resources technology company focused on delivering phenomenal preboarding and onboarding experiences for employees – from hire to retire. Phenom’s aim of reducing employee time to productivity and optimizing the experiences of HR practitioners through a single platform is strengthened by its acquisition of a fifth platform to add to the portfolio of the Intelligent Talent Experience platform.
Founded in 2019 and adopted by companies in more than 30 countries, Tydy connects tools, processes, and people to generate seamless, efficient, and personalized workflows for each user. Several of the world’s largest brands use their Employee Data Platform (EDP) to reduce manual effort from HR, IT, and Operations teams, easily achieve compliance through automation and decrease the amount of time it takes to onboard employees.
The full extent of Tydy’s EDP capabilities will be made available directly through Phenom’s platform, affording HR practitioners a familiar user interface for their talent acquisition, onboarding, and talent management needs. This introduction of new functionality and enhancements to the Phenom platform will support key use cases, including:
- Preboarding and onboarding for new hires
- Compliance checks and approval orchestration
- Background checks integration
- Documentation collection, validation, and submission
- Provisioning and IT asset collection triggers
- Initiation of payroll
- Offboarding
Speaking on the deal, Co-founder & CEO of Phenom, Mahe Bayireddi said:
With the addition of Tydy, we’re poised to empower organizations to ensure their employees are productive from the start. Onboarding is a pivotal moment in the talent journey where candidates become employees — and where talent leaders can set them up for success. With Tydy, we will strengthen the connection between candidates and employees to create a phenomenal end-to-end talent experience. This solves a crucial need for talent acquisition and management teams to complete operational steps, verifications, and documentation leading to an employee’s first day. It also shortens time and productivity while creating a fast, transparent, and accessible experience for new hires that makes a lasting, positive impact on employees.
The acquisition of Tydy by Phenom follows a massive wave of HRTech innovations announced at IAMPHENOM 2024 in April. At its annual conference, the company unveiled a Talent Experience Engine, X+ Agents, unique platform experiences for Talent Leaders and Talent Marketers, and multiple innovations for Talent Acquisition and Talent Management.
Kiran Menon, Co-founder of Tydy, added:
Since Tydy’s inception, we’ve wanted work to flow seamlessly for everyone. We realized there was an opportunity to overhaul onboarding experiences and complex HR operations for the better by combining persona-based segmentation, integrations, automation, and intelligence into one solution. Tydy’s technology and workflows will become essential to Phenom’s holistic approach to delivering the best hiring, growth and retention outcomes in the industry.
As part of the agreement, Tydy’s team will transition to Phenom, including co-founders Kiran Menon, Nikhil Gurjer, and Gaurabh Mathure, who began Tydy to redefine how people process work for HR thoroughly.
Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom. With the platform, 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 employee development with company goals, and HRIT easily integrates existing HRTech to create a holistic infrastructure.
