SwoopTalent

Founded in 2012, the company SwoopTalent develops software using machine learning and artificial intelligence to research, interpret and use large data coming from HR systems. The platform helps the business in recruiting staff.

History

2021: SAP bought SwoopTalent

In mid-August 2021, SAP announced the purchase of SwoopTalent. The company does not disclose the financial terms of the transaction.

SAP Product Director Meg Bear noted that large-scale customization requires a powerful data platform that extends to several systems. The artificial intelligence platform SwoopTalent was created for managing data from various HR systems and workflows, combining and analyzing information that helps business leaders make more informed personnel decisions.

SAP has acquired SwoopTalent

SAP plans to use SwoopTalent tools in conjunction with SAP SuccessFactors solutions to improve its Human Resources Management (HXM) systems. The SwoopTalent focuses on data analysis and machine learning, which SAP reports will help support efforts to provide "individual employee experience" and "increase organization flexibility."

By improving the reliability and availability of staff data, we can help our customers get comprehensive information about their employees so that they can effectively upgrade skills, repurpose and redistribute talents, as well as ensure the safety of their business in the future, "Bear noted. - The founders of SwoopTalent are industry leaders with proven expertise in data, machine learning, and analytics to improve the skills and competitiveness of organizations. We are very pleased that they joined SAP to implement our HXM strategy.[1]

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