PeopleStrong, an HR technology company has acquired Qilo – a SaaS based performance management product that enables CXOs to drive business outcomes and create a high-performance culture by aligning people-performance to business strategy.
With this acquisition, PeopleStrong’s HR technology suit, will get further strengthened. The group currently offers talent acquisition, workforce management, and talent management solutions.
Sandeep Chaudhry, president and board member PeopleStrong, shares, “Managing performance and productivity is a top priority for a CEO and a key expectation from the CHRO. With Qilo, we will help our clients simplify and measure strategy execution and align individual performance to business outcomes across all levels.”
PeopleStrong was set-up in 2005. In 2017, Multiples Alternate Asset Management had bought a controlling stake in PeopleStrong for an undisclosed amount and in 2018, PeopleStrong acquired Capability, a mobile first learning platform and Grownout, a B2B SaaS referral platform and added them to its PeopleStrong Alt product suit.
Qilo is the third acquisition by the company in the last two years.
Based out of Noida, Qilo delivers services such as team alignment, real-time visibility, business digitisation and performance management.
Qilo was co-founded by Arun Verma, Vikram Kohli, and Vipul Mathur in 2015.
According to Vipul Mathur, co-founder, Qilo, “It is very rare that the vision of two organisations and products gets aligned, which is what happened in our case. We hope to create a larger impact for enterprises globally.”