SAP acquires SwoopTalent to bolster talent data intelligence
SaaS News - SAP-acquires-AI-powered-human-resources-platform-SwoopTalent(source: SaaS Industry)
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SAP has announced its asset acquisition of SwoopTalent to boost talent data intelligence, bolster its AI capabilities and provide its customers with data on its people’s skills, capabilities and interests

SAP, a provider of enterprise application software for companies and industries, has announced its asset acquisition of SwoopTalent, a platform connecting companies’ talent systems and data for analytics, to boost talent data intelligence, a press release from SAP said.

SAP stated that embedding SwoopTalent’s data and machine learning technology across SAP SuccessFactors Solutions would further its vision of Human Experience Management (HXM) and help it prioritize employee experiences that improve organizational agility and business transformation.

SwoopTalent, founded in 2012, provides an AI-powered platform that combines and trains data from diverse HR systems and workflows. It offers talent data-as-a-service for enterprises. Meg Bear, chief product officer of SAP SuccessFactors, stated that delivering individualization at scale requires a sophisticated data platform that can extend across multiple systems and added,

By making workforce data more reliable and accessible, we can help our customers gain powerful insights about their people to effectively upskill, reskill and redeploy talent and future-proof their business. 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. We are thrilled to have them join SAP to further our HXM strategy.

SAP stated that it would use SwoopTalent’s technology to strengthen its AI prowess and provide its customers with an update on its people’s skills, capabilities and interests. With the acquisition, several SwoopTalent employees would be joining the SAP SuccessFactors team.

Stacy Chapman, co-founder and CEO of SwoopTalent, stated that today’s organizations are at a pivotal moment as work gets redefined due to agility, purpose and culture requisites.

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. SAP and SwoopTalent are a great cultural fit and share the same values. We are excited to continue advancing HXM together.

Stacy Chapman

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