EY India, the global IT consulting firm, has acquired Spotmentor, a Gurugram-based tech startup, launched by four IIT alumni. The acquisition will help EY India to digitise its services using artificial intelligence (AI) and machine learning (ML), and help its clients in their upskilling and reskilling agenda.
This is part of EY’s efforts to improve its digital competency in India. In 2019, it acquired C Centric, a CRM solutions provider, and the year before that, it acquired Fortune Cookie UX Design.
The tech upgrades will help serve EY India’s customer base better with the aid of Spotmentor’s “software as a service” corporate skilling. It will further help plug any holes pertaining to skill divide and cope with the losses caused by the pandemic.
The Company had been using Spotmentor’s services in the past year for its clientele. Therefore, the acquisition does not come as a surprise as it feeds the Company’s business strategy of strengthening its people advisory portfolio.
Spotmentor was founded in 2016, by Yash Pal, Arpit Goyal, Sekhar Suman and Deepak Singh, to focus on government, enterprises, and industry entities and help them identify the areas that require skilling and then help bridge the gap through intensive personalised learning. Now, EY Spotmentor, will fan out across the company’s value chain.
The ‘new normal’ has forced corporates across the globe to adapt to tech-driven acquisitions and mergers. EY’s acquisition of Spotmentor comes at a time when Deloitte, PwC and KPMG are also upscaling their technology. They are gearing up to compete with firms that are already dominating the AI and ML sphere — BCG, McKinsey, Bain Consulting and AT Kearney.