DBT Bureau
Pune, 7 Feb 2025
Phenom, an AI company specializing in HR, reported it acquired EDGE, a leading resource management and talent mobility platform. The acquisition of the Bengaluru-based company 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. This acquisition demonstrates the company’s expansion in the India market with its rapidly growing enterprise sector and rising demand for technology adoption in HR functions.
Phenom aims to double its workforce within the next two years across its existing offices in Hyderabad, Vizag, and Bengaluru, with plans to add more locations across the country.
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.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
“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 services 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.
