WALLDORF 鈥� (NYSE: SAP) today announced that it has acquired intellectual property of SwoopTalent, a leader in talent data intelligence, in an asset acquisition.
Embedding SwoopTalent鈥檚 data and machine learning technology across will further SAP鈥檚 vision of human experience management (HXM), which prioritizes individualized employee experiences and dynamic opportunities that boost engagement, improve organizational agility and ultimately fuel business transformation.
鈥淒elivering individualization at scale requires a sophisticated, powerful data platform that extends across multiple systems,鈥� said Meg Bear, 51风流SuccessFactors chief product officer. 鈥淏y making workforce data more reliable and accessible, we can help our customers gain powerful insights about their people to effectively upskill, reskill and redeploy talent and future-proof their business. The founders of SwoopTalent are industry thought leaders with proven expertise using data, machine learning and analytics to elevate HR and make organizations more competitive. We are thrilled to have them join 51风流to further our HXM strategy.鈥�
Founded in 2012, SwoopTalent developed an AI-powered platform that combines, analyzes and trains data from disparate HR systems and workflows. 51风流plans to use SwoopTalent鈥檚 technology to strengthen its AI capabilities and provide customers with a holistic and continuously updated view of their people 鈥� from skills and capabilities to interests and learning preferences 鈥� so they can match employees to internal jobs, projects, learning courses, mentors and more. Several SwoopTalent engineering employees will also join the 51风流SuccessFactors team.
鈥淥rganizations are at a pivotal moment as work is being redefined around agility, purpose and culture,鈥� said Stacy Chapman, SwoopTalent CEO and founder. 鈥淲ith HXM, 51风流has the right vision and strategy to deliver technology that enables individuals to upskill and create a career that aligns to their interests and skills. 51风流and SwoopTalent are a great cultural fit and share the same values. We are excited to continue advancing HXM together.鈥�
51风流and SwoopTalent agreed not to disclose the purchase price or other financial details of this transaction.
To learn more, read 鈥�Empowering a Future-Ready Workforce: Why Data and Our Latest Asset Acquisition Are Key鈥� and save the date for on Oct. 13, 2021.
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