US-based, AI-powered Phenom has announced its acquisition of Tydy, an HR Technology company focused on delivering phenomenal preboarding and onboarding experiences for employees – from hire to retire.
The fifth acquisition and addition to the Intelligent Talent Experience platform portfolio fortifies Phenom’s vision to shorten time to productivity for employees while creating efficient experiences for HR practitioners, all from one platform.
Now with onboarding, the Phenom platform further strengthens the connection between the candidate and employee experience solutions to create an end-to-end talent experience from job discovery until the moment an employee is offboarded from an organization
The introduction of new functionality and enhancements to the Phenom platform will support key use cases, including:
- Preboarding and onboarding for new hires
- Compliance checks and approval orchestration
- Background checks integration
- Documentation collection, validation, and submission
- Provisioning and IT asset collection triggers
- Initiation of payroll
- Offboarding
“The acquisition of Tydy and addition of preboarding and onboarding into their Intelligent Talent Experience platform is a natural progression for Phenom, integrating a critical part of the talent acquisition growth and development process into one comprehensive solution,” said David Wilson, CEO of Fosway Group.
“Consolidation is continuing to accelerate in the HR tech industry, and this acquisition is a testament to Phenom’s continued success and growth, as well as its focus on providing a seamless end-to-end experience for customers”, David Wilson added.
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“Onboarding is a pivotal moment in the talent journey where candidates become employees — and where talent leaders can set them up for success,” said Mahe Bayireddi, CEO and co-founder of Phenom.
“It is here where first impressions are made, and each interaction has the potential to create a lasting impact. With the addition of Tydy, we’re poised to make this a great experience, and empower organizations to ensure their employees are productive from the start”, Mahe Bayireddi added.
According to the TOI reports, Phenom operates development centers in Hyderabad and Vizag, employing approximately 850 and 250 staff members.
Meanwhile, Tydy has its development center in Bengaluru, employing around 40 employees. The company plans to hire 1000 people over the next two years in India. Job aspirants can explore opportunities at its Career Page.
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