Artificial Intelligence: SAP Acquires SwoopTalent For Its AI-Powered HR Platform
SwoopTalent, an “HRtech,” was founded by Stacy Chapman and Satish Sallakonda.
SwoopTalent, an AI-powered platform that combines, analyzes and trains data from disparate human resource (HR) systems and workflows, has been acquired by SAP (NYSE: SAP), the German multinational software maker known for its ERP system. (SAP)
The terms of the transaction were not disclosed.
SAP intends to integrate SwoopTalent into its cloud-based Human Capital Management (HCM) solution that forms a part of its SAP SuccessFactors software. In a statement SAP said that TalentSwoop’s technology will help SAP customers to get “a holistic and continuously updated view of their people — from skills and capabilities to interests and learning preferences.”
Organizations can therefore determine the best candidates to match with internal jobs, projects, learning courses, and mentors.
“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,” said Meg Bear, SAP SuccessFactors chief product officer.
SwoopTalent’s data and machine learning technology will help SAP realize better the objectives of its human experience management (HXM).
“With HXM, SAP 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,” said Stacy Chapman, SwoopTalent CEO and founder. “SAP and SwoopTalent are a great cultural fit and share the same values.”
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