Phenom, an AI company specializing in HR, has recently announced the acquisition of 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 centres (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 proper work.
The acquisition of EDGE expands the Phenom platform’s sophisticated resource planning capabilities, which have been market-tested by some of the world’s best professional services businesses and GCCs. This boosts Phenom’s ability to supply solutions tailored to the talent demands of various industries, assisting firms in executing strategic workforce planning on a large 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:
- 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
Speaking on the deal, Mahe Bayireddi, CEO and Co-founder of Phenom, said:
Organizations must level up their workforces to remain competitive in the face of rapidly developing AI innovations. Intelligence and automation empower HR teams to provide phenomenal experiences at scale, and the EDGE acquisition adds tremendous value better to serve professional service companies and global capability centres.
Phenom, headquartered in Greater Philadelphia and located in India, Israel, the Netherlands, Germany, and the United Kingdom, uses AI-powered talent experiences to help organizations find and onboard people quicker, develop them to their full potential and retain them for longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, talent marketers, talent leaders, hiring managers, HR and HRIT — empowering diverse and global enterprises with innovative products including Phenom X+ Generative AI, Career Site, Chatbot, CMS, Talent CRM, X+ Screening, Automated Interview Scheduling, Interview Intelligence, Talent Experience Engine, Campaigns, University Recruiting, Contingent Talent Hiring, Onboarding, Talent Marketplace, Workforce Intelligence, Career Pathing, Gigs, Mentoring, and Referrals.
