Phenom, a leading AI company in the HR space, has announced the acquisition of EDGE, a top resource management and talent mobility platform. This acquisition strengthens Phenom’s workforce intelligence solutions, particularly for professional services and global capability centers (GCCs). This is Phenom’s sixth acquisition, further expanding its Intelligent Talent Experience platform portfolio and driving its mission to help one billion people find the right work.
The addition of EDGE’s advanced resource planning capabilities will provide Phenom clients with market-tested solutions tailored to meet the talent needs of various industries, optimizing strategic workforce planning at scale.
Benefits of the EDGE Acquisition for Phenom
- Advanced Resource Planning
- The acquisition enables Phenom to offer highly contextual recommendations and automation frameworks, which have already proven successful for global professional services organizations and GCCs.
- Improved Fulfillment Cycle
- EDGE’s solutions have led to a 16-day reduction in internal fulfillment cycle time, helping organizations streamline their operations.
- Increased Internal Demand Fulfillment
- Phenom clients benefit from a 21% increase in the number of demands fulfilled internally, reducing dependency on external contractors.
- Enhanced Supply Visibility
- The acquisition boosts supply visibility by 36%, improving resource management and decision-making processes.
- Efficient Talent Mobility
- EDGE has helped companies achieve a 28x increase in the number of contractors replaced by existing staff, contributing to cost savings and workforce optimization.
Sharath Hari, Vice President at Everest Group:
“Phenom has been on our radar for several years due to their focus on AI and talent intelligence for various HR applications. This acquisition fits perfectly within their verticalization strategy.”
Mahe Bayireddi, CEO and Co-Founder of Phenom:
“Organizations must level up their workforces to stay competitive in an era of rapid AI innovation. The EDGE acquisition significantly enhances our ability to serve professional service companies and GCCs by empowering HR teams with intelligence and automation.”
The acquisition of EDGE strengthens Phenom’s already powerful AI-driven workforce intelligence platform, helping companies in the professional services and GCC sectors optimize their resource management, talent mobility, and workforce planning. By integrating EDGE’s capabilities, Phenom is poised to continue delivering exceptional value to HR teams, talent leaders, and employees alike.
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