Wheebox, the fully-owned subsidiary of human resource tech firm, PeopleStrong, has been acquired by ETS, an independent nonprofit organisation that helps learners access opportunities via skills measurement.
The acquisition was led by Strategic Capital, the private equity investment and merger and acquisition execution arm for ETS, its subsidiaries and its partners. Wheebox will continue to function independently as a majority-owned subsidiary of ETS, the non-profit educational research and measurement firm.
Education research and assessment are key to ETS’ operations, and by acquiring Wheebox’s scalable assessment and remote proctoring engine, a credible research study such as the India Skills Report, ETS’ journey will get a definite push.
Wheebox presently serves customers across India and the Middle East. With this partnership Wheebox’s GTM strategy in India will become more powerful and its journey to the global markets will be accelerated.
Pankaj Bansal, co-founder and group CEO, PeopleStrong feels that the “partnership between Wheebox and ETS is set to empower organisations at scale with their comprehensive content and assessment solutions”.
Amit Sevak, CEO, of ETS himself is “excited to bring Wheebox into our family of assessment services and solutions,” and feels that it “is a strong addition to our portfolio of capabilities, and we’re thrilled to welcome their talented team into the global ETS enterprise.”
Nirmal Singh and Pawan Kumar, co-founders of Wheebox call this “the beginning of a new chapter in our journey” and mission of measuring the world’s talent potential.”