Visier acquired the assets of Boostrs, an API-first skills mapping engine. By integrating Boostrs data into its own platform, the company said it will be able to add capabilities to compile and present internal and external workforce data.
“Adding Boostrs to Visier’s technology stack gives our customers an essential linkage for closing the gap between the skills they have and the skills they need,” said Visier CEO Ryan Wong.By integrating Boostrs data into its platform, @Visier said it will be able to do more with workforce data. #HR #HRTech Click To Tweet
Headquartered in Paris, Boostrs’ technology is designed to help organizations acquire, develop, deploy and retain the skills they need to conduct business. Founded in 2017, the company has specialized in helping organizations “unshackle talent and prepare their workforce for the future,” Visier said. Boostrs helps organizations understand the underlying skills behind each job to help recruit and retain employees, identify career paths and connect workers with learning opportunities.
Speaking to UNLEASH, Visier Chief Strategy Officer Dave Weisbeck said that with the economy uncertain, businesses are assigning more value to the ability to identify needed skills.
Across the Talent Lifecycle
Visier said Boostrs will enable it to offer improved skills-related insights and benchmarks across the talent lifecycle. That includes areas such as:
- Attraction & Retention: Enable quality hires and boost retention by offering custom career and learning paths through an internal mobility strategy based on upskilling and reskilling.
- Learning and Development: Support L&D programs designed to upskill and reskill, with succession planning and promotion readiness.
- Compensation: Offers benchmarks for skills and job-level compensation, going beyond job titles to offer insights into skills-based compensation.
This is the second technology acquisition Visier has made this year. In May, the company acquired Yva.ai, a collaboration analytics vendor that focuses on employee well-being, satisfaction and productivity. Visier hired 10 Boostrs employees, who continue to work in Paris. Their facility will become a Visier satellite office.