PeopleStrong, a global HRTech organisation, announced today the acquisition of its subsidiary Wheebox, which specializes in assessment and remote proctoring tools, by the Educational Testing Service (ETS), a global non-profit educational research and measurement organisation.
The acquisition was spearheaded by ETS Strategic Capital, a branch of ETS and its subsidiaries, which will strengthen Wheebox's presence in India and expand its global operations. Wheebox will continue to operate independently as a majority-owned subsidiary of ETS, as confirmed by HRTech company officials.
Announcing the acquisition, Pankaj Bansal, Co-founder and Group CEO of PeopleStrong stated, “To keep up with the pace of business transformation it is important to have a skilled workforce that is ready to work. The partnership between Wheebox and ETS is set to empower organisations at scale with their comprehensive content and assessment solutions. The cofounders of the company, Nirmal Singh and Pawan Kumar along with their Teams have built an inspiring business and we will always remain their proud cheerleaders”.
Believing education research and assessment as the key modes, ETS aims to further expand access and opportunities for learners globally with the acquisition of the skill assessment tool.
Amit Sevak, CEO of ETS added, “ETS is excited to bring Wheebox into our family of assessment services and solutions. Wheebox is a strong addition to our portfolio of capabilities, and we’re thrilled to welcome their talented team into the global ETS enterprise.”
Furthermore, CEO Nirmal Singh and CTO Pawan Kumar, the co-founders of Wheebox shared, “This is the beginning of a new chapter in our journey. We are excited to have a partner like ETS supporting our mission of measuring the world’s talent potential.”