Marking its latest acquisition, recruiting platform Phenom acquired Tandemploy, a Berlin-based company that focuses on issues surrounding the employee experience. The transaction, Phenom said, will enhance its Talent Experience Management (TXM) platform and grow its presence in Europe.
The acquisition is Phenom’s fourth in 16 months, according to media reports. The first three added video, data optimization and multichannel interview scheduling to the TXM platform..@PhenomTXM's latest acquisition will enhance its Talent Experience Management platform and grow its presence in Europe. #HR #HRTech Click To Tweet
This transaction will allow Phenom to establish a second office in Germany and add to its existing European operations in the United Kingdom, Ireland, the Netherlands, France, Italy, Spain, Sweden and Switzerland. At present, Phenom supports customers across 134 countries in 43 languages.
Phenom’s platform uses AI to automate administrative tasks and personalize the user experience for pretty much all participants in talent acquisition including recruiters, candidates, employees and hiring managers.
Tandemploy offers a matching algorithm that uncovers and recommends matches between peers, mentors, project leaders and subject matter experts by analyzing skills-based data and individual goals. Several of Europe’s largest organizations use the platform to help employees succeed individually while advancing the organization’s wider goals. The companies said Tandemploy’s solution strengthens Phenom’s employee experience solution with its mobility tools.
Tandemploy’s “extensive influence, remarkable technology and renowned company culture fit seamlessly with Phenom and will rapidly accelerate our growth in EMEA,” said Phenom co-founder and CEO Mahe Bayireddi. In a blog post, he called Tandemploy’s algorithms a “key differentiator.”
Tandemploy’s team – including co-founders and co-CEOs Anna Kaiser and Jana Tepe – will transition to Phenom. “This acquisition enables Tandemploy to reach a truly global audience while leveraging the vast coverage and functionality of Phenom’s talent experience platform,” said Kaiser.
In 2021, Phenom announced a $100 million Series D round to further develop the TXM platform. At the time, Bayireddi said the investment would position Phenom to grow its international presence and expand its platform to help enterprises prepare for “the post-pandemic talent economy.” He said Phenom was “scaling with conviction” as employers responded to “a seismic shift in how they approach and manage talent.”