Mercer, a New York-based global consulting leader in advancing health, wealth and career and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. today announced the acquisition of Mettl, a Kallari Capital-backed and Gurgaon headquartered online assessment platform providing solutions to track and measure technical, aptitude and psychometric skills.
Mercer, however, did not disclose the financial details of the transaction.
With more than 21,200 employees in more than 40 countries, Mercer is the world’s largest human resources consulting firm.
According to Ilya Bonic, Global President of Mercer’s Career line of business, the acquisition marks Mercer’s entry into the rapidly-growing global talent assessment market and further enhances its position as a trusted strategic talent advisor to companies.
“Online talent assessment is a powerful tool that helps companies unlock the potential of their people. Mettl is a disruptive HR tech start-up that has pioneered a robust assessments platform,” said Anish Sarkar, CEO, India, Mercer. “The combination of Mercer’s pedigree and talent industry experience in India and Mettl’s leading-edge and scalable proprietary technology platform will enable companies in India to improve their workforce as they prepare for the future of work amidst rapid digitization,” he added.
Founded in 2010, by Tonmoy Shingal and Ketan Kapoor, Mettl is cloud-based technology and data sciences-driven talent assessments platform. The platform enables hiring managers in companies to measure and track skills of pre-hires and employees.
Mettl counts Kalaari Capital and Blume Ventures as some of its investors. The startup had raised only $4.4 million in funding over three rounds. The latest funding came from a Series A round on August, 2012.
Avendus Capital was the exclusive financial advisor on sale of Mettl to Mercer.
Mettl helps companies maximize human potential by measuring talent using assessments conducted via its secure and scalable software as a service (SaaS) platform and by utilizing big data analytics. The platform includes proprietary content to measure personality, ability and job-specific skills. Mettl also licenses its platform as a stand-alone technology for clients’ own content.
“We are very proud of Mettl’s success to date and joining Mercer will enable us to fulfill our aspirations of being a world-leader in talent assessments,” said Ketan Kapoor, CEO, Mettl. “By leveraging Mercer’s global footprint and leadership position, we can sustainably scale our presence and reach, helping companies avoid the cost of suboptimal hiring decisions amidst ongoing digital disruption.”
Mettl offers precise, multilingual assessments conducted via a secure software as a service (SaaS) platform in over 80 countries. Established in 2010, Mettl was recognized as one of the twenty most innovative and high-growth companies in India by London & Partners’ IE20 list in 2017 and was retained as an assessment provider by the Ministry of Skill Development & Entrepreneurship (MSDE) for the Skill Development Initiative (SDI).
[Top Image – Ketan Kapoor (right) and Tonmoy Shingal, Co-Founders of Mettl | Source – TheHinduBusinessLine.com]
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