Aspiring Minds

Aspiring Minds – one of the companies of the global level in the field of assessment and certification which helps to improve process of selection and efficiency of personnel. The valid tools of assessment created on the basis of AI and the last achievements of a psychometrics are actively used more than 3,000 (for October, 2019) by clients of the company for development and assessment of talents. The flagship product of AMCAT company is one of the most popular tests used at employment. Every year more than 3 million candidates take this test worldwide and find ", correct" work. Using advanced adaptive technologies estimates and algorithms of machine learning, AMCAT allows to estimate authentically according to the uniform standard language skills, skills of coding in more than 30 programming languages and many other things for the wide list of vacancies and specialties.

History

2019

Completion of the transaction on Aspiring Minds acquisition by SHL company

On December 3, 2019 the SHL company announced completion of the transaction on acquisition of Aspiring Minds company.

SHL offers the database about human potential in combination with scientifically confirmed technologies of assessment of talents. Having added to the service portfolio the checked tool kit of assessment and interviewing from Aspiring Minds based on artificial intelligence technology (AI), SHL created the transparent solution for the strategy of talents and transformation of personnel.

According to representatives of SHL, advantage of consolidation of the SHL and Aspiring Minds resources consists in understanding of the most important asset in business strategy – people and their capability to be beyond usual business, their readiness for implementation of digital transformation and to achievement of business results over the existing standards.

It is expected that together SHL and Aspiring Minds will be able to offer the global platform which will cover questions of hiring and development of leadership skills of employees and will help the companies to optimize the potential of the commands in the present and in the future and also to build the strategy of talents for ensuring success.

Thanks to an expanded service portfolio which includes testing according to skills of programming now of a video interview and tools analyzing the personality, motivation, cognitive capabilities, assessment of language and leadership skills, SHL expects to promote innovations in the field of talents in the organizations. The combination of the SHL and Aspiring Minds resources, as envisioned by the company, will provide to clients the transparent platform based on AI technologies, containing significant and impartial data on talents for creation of the predictive analytics necessary for support of global personnel structure.

SHL is going to propose the solutions Aspiring Minds at the beginning of 2020.

Agreement of SHL with Aspiring Minds on its purchase

On October 23, 2019 the SHL company announced conclusion of an agreement on acquisition of one of the leading players of the market of assessment – Aspiring Minds company.

From the moment of the basis 11 years ago the Aspiring Minds company developed in high gear, as of October, 2019 her 3,000 clients were among more than 100 companies from the Fortune Global 500 list worldwide. The portfolio of the innovation products Aspiring Minds created on the basis of artificial intelligence technology (AI) includes tools according to talents and holding interviews, simulations according to skills of programming, a video interview and many other things.

Possibilities of Aspiring Minds are combined with the innovation approach of SHL in the field of personel assessment. The last 10 years SHL is engaged in active development of tools on the basis of the machine learning technology combined with strictly scientific approach and the patented technologies of assessment that allows clients of SHL to be engaged in selection and development of talents most precisely and effectively.

The international companies adapt to requirements of the Fourth industrial revolution where technologies become a decisive factor of achievement of results in business. In this regard, the solutions SHL will help to predict and plan necessary changes in the strategy of personnel management in conditions where, according to researches, the shortage of "digital talents" becomes the main barrier to implementation of digital transformation.

We see a significant gap between those who try to transform the organizations within digital strategy, and those who will be able really to make it. Acquisition of Aspiring Minds means that advanced AI technologies will be implemented as the platform of a product portfolio of SHL. In combination with scientific approach of SHL, it will provide our 10,000+ clients with talents with the developed technical and leadership skills that will help these companies to succeed during a digital era, comments Andy Bradshaw, the CEO of SHL

Aspiring Minds promptly grew, cooperating with corporations from the USA, China, India, Philippines and the Middle East, speaks Himansha Aggarval, the cofounder and the CEO of Aspiring Minds

Our company is concentrated on applied aspects of AI. Joining SHL, we see possibilities of unprecedented joint innovations, adds Varun Aggarval, the cofounder and the technical director of Aspiring Minds

Since April, 2018 when SHL became independent business again, the company released several solutions, including the battery of tests of cognitive capabilities Verify Interactive. According to the CEO of SHL, the strategic transaction on acquisition of Aspiring Minds is one more proof of a trajectory of growth of the company.

We will continue to increase investments into the companies and acquisition of additional opportunities which will allow our clients to achieve the best results in assessment and personnel development worldwide, speaks Andy Bradshaw

Completion of the transaction is expected in November, 2019.