Phenom, a leader in talent experience technology, has announced its acquisition of Tydy, a human resources technology company renowned for its innovative preboarding and onboarding solutions. This acquisition marks the fifth addition to Phenom’s Intelligent Talent Experience platform portfolio, aiming to provide a comprehensive and efficient talent management solution from the moment a candidate is hired until their departure.
- Acquisition Announcement: Phenom has acquired Tydy, strengthening its capabilities in the preboarding and onboarding phases of the talent journey.
- Strategic Objective: The acquisition aims to enhance Phenom’s Intelligent Talent Experience platform by integrating Tydy’s solutions to shorten time to productivity for new employees and streamline HR processes.
- Founded: 2019
- Global Reach: Adopted by companies in over 30 countries.
- Core Offerings: Tydy’s Employee Data Platform (EDP) provides tools for seamless, efficient, and personalized onboarding experiences.
- Benefits:
- Preboarding and Onboarding: Facilitates smooth transitions for new hires.
- Compliance and Automation: Streamlines compliance checks and automates HR processes.
- Background Checks and Documentation: Integrates background checks and manages documentation collection.
- IT Asset Management and Payroll: Manages IT asset collection and initiates payroll.
- Offboarding: Supports the offboarding process to ensure a complete talent lifecycle.
The integration of Tydy into Phenom’s platform will introduce several new functionalities and enhancements, including:
- Preboarding and Onboarding Solutions: Comprehensive tools for managing new hire processes.
- Compliance and Approval Processes: Automated compliance checks and approval workflows.
- Background Checks Integration: Streamlined background check processes.
- Documentation Management: Efficient collection, validation, and submission of documents.
- IT Asset Collection: Triggers for IT asset collection and management.
- Payroll Initiation: Initiates and manages payroll processes.
- Offboarding Solutions: Supports the offboarding of employees.
- David Wilson, CEO of Fosway Group: “The acquisition of Tydy and the addition of preboarding and onboarding into the Intelligent Talent Experience platform is a natural progression for Phenom. This move reinforces Phenom’s commitment to delivering a seamless end-to-end talent experience.”
- Mahe Bayireddi, CEO and Co-Founder of Phenom: “Onboarding is a pivotal moment in the talent journey where first impressions are made. With Tydy, we are poised to enhance this experience and ensure new employees are set up for success from day one.”
- Kiran Menon, CEO and Co-Founder of Tydy: “Our mission was to redefine HR processes with seamless, persona-based solutions. Joining Phenom will expand our reach and impact, integrating our technology into a holistic talent management platform.”
The acquisition follows a series of HR tech innovations announced at IAMPHENOM 2024 in April, where Phenom introduced several new features aimed at transforming talent acquisition and management.
Phenom’s platform enables:
- Job Discovery: Helping candidates find the right job faster.
- Employee Development: Supporting skill development and career evolution.
- Recruitment Efficiency: Enhancing recruiter productivity.
- Talent Marketing: Engaging candidates effectively.
- Hiring Optimization: Streamlining hiring processes for talent leaders.
- Employee Development Alignment: Aligning HR practices with organizational goals.
- HR Tech Integration: Integrating existing HR technologies for a cohesive infrastructure.
