SAP, the German multinational software company, has acquired SwoopTalent, the machine learning (ML) and artificial intelligence (AI) based tech company. Now, SwoopTalent’s data and ML intellectual property, as well as its employees will become part of SAP SuccessFactors.
With this acquisition, SAP will now be able to embed SwoopTalent’s data and machine learning technology across SAP SuccessFactors solutions, which will enhance the human experience management (HXM) systems offered by SAP.
With SwoopTalent’s tools, SAP will be able to focus on individualised employee experiences and dynamic opportunities to boost engagement, enhance the agility of the organisation, and facilitate business transformation. SwoopTalent’s AI-based platform is equipped to manage data from diverse HR systems and combine and analyse information to facilitiate more efficient HR decision making.
With the help of the newly-acquired tools, SAP will be able to provide enhanced reliability and accessibility. This will help its customers to obtain meaningful information that can guide their upskilling and reskilling initiatives for their employees.
SwoopTalent harnesses data intelligence and machine learning in a way that will ensure individualised employee experiences. The two companies are seen as an ideal fit, culturally, sharing similar values.
The co-founders of SwoopTalent will be joining SAP along with the engineering team. The acquisition has been well timed, as SAP has been working on improving its SuccessFactors HXM Suite and enhancing it with new features for some time now. With most organisations opting to digitise their processes post the pandemic, SwoopTalents’ expertise and ML algorithms will strengthen SAP’s offerings.