It seems India's technology product segment is going to be the next big region for mergers and acquisitions. Zinnov, an advisory and management consulting firm, today announced the successful sale of Talent Neuron, a web-based Talent Planning and Management Platform that provides data, insights and analytics to HR decision-makers, to Corporate Executive Board (CEB).
Talent Neuron was conceptualized and developed in-house at Zinnov for the last two years.
The financial details of the deal were not disclosed. CEB is a NYSE listed firm that provides advisory services to leading firms across the globe.
The Indian product landscape has in the recent times seen some interesting M&As. Facebook acquired Bangalore based LittleEye, yesterday American Express Ventures made its maiden investment in India in Bangalore-based Capillary Technologies.
Talent Neuron is a talent planning and management solution that leverages big data principles and methodologies to enable companies plan, build and optimize their global talent. In addition to this, the platform provides data, insights and benchmarks that are quintessential for talent planning and acquisition. It also leverages data across over 610 locations, 7,500 companies, and 20.1 million professionals, serving 10 domains, 140 functions and 700+ skills.
Pari Natarajan, CEO, Zinnov, said, “Zinnov’s vision is to democratize management consulting through the use of technology. Talent Neuron came out of one such incubation initiatives within Zinnov. The pace of product innovation in Talent Neuron over the last two years was exceptional and will only accelerate with the acquisition by CEB”
"Talent is indeed a critical challenge faced by companies in today’s knowledge economy. Talent Neuron enables our clients to make data driven decisions on global talent initiatives and also validate those decisions over time. Talent Neuron is designed to assist in planning and managing through the life cycle of their talent, said Vamsee Tirukkala, Co-Founder & Board of Director, Talent Neuron. Zinnov is the knowledge partner to NASSCOM’s 10k Startup initiative and also deeply involved in various startup programs at iSpirit.
Chandramouli CS, Senior Director, Talent Neuron, said, “We are thrilled about the limitless opportunities and impact that can be created by being part of CEB. We will continue to push forward on our mission to transform HR through world class insights."
