EY India has acquired Spotmentor Technologies, an artificial intelligence backed human resource technology startup, an end-to-end skilling platform to help businesses identify skills required for the future of work and upskilling & reskilling talent.
With this acquisition, EY hopes to strengthen its people advisory portfolio of digital services through the acquisition.
Rohan Sachdev, Partner and Consulting Leader, EY India told the media, “The acquisition of Spotmentor Technologies will boost our digital offerings, combining our strengths in strategic people consulting and seasoned experience in learning and skills development, now delivered to clients through an intelligent technology platform.”
The firm did not disclose the deal value.
Spotmentor Technologies, founded by IIT Kharagpur alumni Deepak Singh, Arpit Goyal, Shekhar Suman, and Yash Pal Mittal in 2016 in Gurugram, has been focusing on large enterprises, government and industry bodies, helping them identify required skill and competency gaps through hyper-personalized learning and reskilling plans.
The acquisition comes at a time when top consulting firms including the big four are racing to integrate more of AI and machine learning in their product offerings as AI is becoming crucial to the way they offer services to their clients. To this effect, over the past year, EY was working with Spotmentor Technologies team to equip their clients with the right skillsets and they have benefitted immensely from this association.
The acquisition will further bolster its People Advisory portfolio of digital services, enabling the firm to effectively harness its client’s people agenda as part of an integrated business strategy, as per Anurag Malik, Partner, People Advisory Services, EY India.