Artificial Intelligence: SAP Acquires SwoopTalent For Its AI-Powered HR Platform

https://dailyalts.com/wp-content/uploads/2021/08/image-28.jpg

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.

SwoopTalent technology

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.”

Related Story:  Workrise Scores $300M Series E Round

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/08/logo-ripple.jpg
Digital Assets: Ripple Labs Eyeing Pieces Of Celsius In Bankruptcy Wreckage
August 10, 2022     Digital Assets, News

Ripple Labs, the blockchain payments company that created the XRP cryptocurrency, is interested in purchasing assets of Celsius Network, the crypto lender that was forced into bankruptcy amidst the meltdown…

https://dailyalts.com/wp-content/uploads/2022/08/Nuri.png
FinTech: German Bank Nuri Files For Insolvency Amidst Macro Environment And Crypto Bear Market
August 10, 2022     Digital Assets, FinTech, News

Nuri, a digital banking platform and app, offered users crypto transactions as well as normal banking activities including a debit card. The firm announced it had filed for insolvency on…

https://dailyalts.com/wp-content/uploads/2022/08/TX-SCARA_Press_1-1-1-1030x644-1.jpg
Artificial Intelligence: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan
August 10, 2022     Artificial Intelligence, Latest News, News

Telexistence Inc., the Japanese robotics company, announced the launch of its TX SCARA restocking robots in 300 FamilyMart convenience stores in Japan later this month as part of its AI-based…

https://dailyalts.com/wp-content/uploads/2022/08/Coinbase-Mobile-–-Splash.png
Alternative Investments/Digital: GraniteShares Launches The First Coinbase Leveraged ETF
August 10, 2022     Alternative Investments, News

US ETF issuer GraniteShares, which first launched leveraged ETFs on single stocks in the UK in 2019, and now offers 106 such products across Europe, has listed a suite of…