SAP has purchased the intellectual property of SwoopTalent, a data intelligence firm, with an eye toward embedding its data and machine learning technology into SAP SuccessFactors and advancing SAP’s vision of human experience management.
“Delivering individualization at scale requires a sophisticated, powerful data platform that extends across multiple systems,” said Meg Bear, SuccessFactors’ chief product officer. By making workforce data more reliable and accessible, she said, SAP can help customers gain insights to guide upskilling and reskilling, as well as the redeployment of talent..@SAP purchased the intellectual property of data intelligence firm SwoopTalent, with an eye toward embedding its data and machine learning into SuccessFactors. #HR #HRTech Click To Tweet
According to ZoomInfo, SwoopTalent has around 25 employees and annual revenue of about $5 million. The company’s founders will join SAP “to further our HXM strategy,” Bear said, as will several members of its engineering team.
What SwoopTalent Does
SwoopTalent combines, analyzes and trains data from disparate HR systems and workflows. SAP said it will use the technology to strengthen its AI capabilities and provide customers with a wider and continuously updated view of their workforce. That view will include skills, capabilities, interests and learning preferences, helping organizations match employees to internal jobs, projects and learning courses, the company said.
CEO and co-founder (with Satish Sallakonda) Stacy Chapman told VentureBeat that SwoopTalent’s algorithms build profiles of employees by compiling information from a number of sources, and does it in compliance with local regulations and employee consent.
“SAP and SwoopTalent are a great cultural fit and share the same values,” Chapman said. ”We are excited to continue advancing HXM together.”
Terms of the transaction weren’t disclosed.
In June, SAP unveiled a solution to help organizations drive cultural change and digital transformation by combining RISE with SAP and the company’s human experience management tools. The product builds on recent investments SuccessFactors has made in native cloud applications, such as Time Tracking, improved configurability and localization for Employee Central, said SuccessFactors President Jill Popelka. Its goal is to help companies more quickly achieve “tangible outcomes” from their transformation efforts.