Ey Spotmentor
“EY Spotmentor”, the firm said, is the software-as-a-service based skills, learning and careers platform that can be deployed across an organization’s value chain. ADVERTISEMENT Industry experts say that increasingly the firms have been on a lookout of startups that could speed them up with the growth trajectory.
- EY Spotmentor, the software-as-a-service based skills, learning and careers platform can be deployed across an organization’s value chain. It provides 360-degree skills industry benchmarking to help create success profiles and real time identification and closure of skill gaps.
- “EY Spotmentor”, the firm said, is the software-as-a-service based skills, learning and careers platform that can be deployed across an organization’s value chain. Industry experts say that increasingly the firms have been on a lookout of startups that could speed them up with the growth trajectory.
Professional services’ major player, Ernst & Young on Monday announced that it had acquired Spotmentor Technologies, an AI-enabled reskilling and upskilling Indian platform. Inaugurated in 2016, Spotmentor Technologies is known to help large enterprises, the governmental and industrial bodies to identify the required skill and competency gaps through hyper-personalised learning and reskilling plans.
With this acquisition, EY plans to strengthen its people advisory portfolio of digital services to support businesses with their skilling needs by making use of technologies such as artificial intelligence and machine learning to cope with the future of the work.
“It remains our priority to enable clients with tools and resources to help them adapt to rapid changes and navigate market disruptions in the new normal,” Rohan Sachdev, Partner and Consulting Leader, Ernst & Young India said.
“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. This reinforces our continued commitments and investments in technology and strategic acquisitions to further our range of digital offerings,” Sachdev added.
Post-acquisition, EY Spotmentor will be a Software-as-a-Service which will be deployed across an organisation’s value chain. The upcoming platform will include features such as real-time market intelligence on new skillsets, 360-degree assessment of employees based on skills industry benchmarking and real-time identification and closure of skill gaps and will provide hyper-personalised learning pathways and identify reskilling opportunities in organisations.
“It is also designed to provide easy access to quality content, curated learning plans and offers a real-time skill inventory health index,” EY emphasised.
“Over the past year, we have collaborated with the Spotmentor Technologies team to equip our clients with the right skillsets and they have benefitted immensely from this association. This new technology solution further strengthens our people advisory portfolio of digital services, enabling us to effectively harness our client’s people agenda as part of an integrated business strategy,” Anurag Malik, Partner, People Advisory Services, EY India, said.
New Delhi, Nov 16 (PTI) EY India on Monday said it has acquired Spotmentor Technologies, an AI-enabled upskilling and reskilling platform, for an undisclosed amount.The acquisition strengthens EY's People Advisory portfolio of digital services to help businesses navigate their end-to-end skilling needs, a statement said.
Spotmentor is an end-to-end skilling platform to help businesses identify skills required for the future of work, upskilling and reskilling talent at scale.
It leverages emerging technologies such as artificial intelligence and machine learning to help close the critical competency gaps in an organisation, the statement said.
'It remains our priority to enable clients with tools and resources to help them adapt to rapid changes and navigate market disruptions in the new normal,' Rohan Sachdev, Partner and Consulting Leader at EY India, said.
The acquisition of Spotmentor Technologies will boost digital offerings, combining strengths in strategic people consulting and seasoned experience in learning and skills development, he added.
'This reinforces our continued commitment and investments in technology and strategic acquisitions to further our range of digital offerings,' Sachdev said.
EY Spotmentor - the software-as-a-service based skills, learning and careers platform - provides 360-degree skills industry benchmarking to help create success profiles and real-time identification and closure of skill gaps.
It is also designed to provide easy access to quality content, curated learning plans and offers a real-time skill inventory health index, the statement said.
Anurag Malik, Partner - People Advisory Services at EY India, said over the past year, the company has collaborated with Spotmentor Technologies team to equip its clients with the right skillsets and they have benefitted immensely from this association.
'This new technology solution further strengthens our People Advisory portfolio of digital services, enabling us to effectively harness our client's people agenda as part of an integrated business strategy,' he added.
Spotmentor Technologies was co-founded by Deepak Singh, Arpit Goyal, Shekhar Suman and Yash Pl Mittal in 2016 in Gurugram. The company broadly focused on large enterprises, government and industry bodies.
Last year, EY India acquired C Centric (CRM solutions and services provider) and in 2018, acquired Fortune Cookie UX Design. PTI SR BAL
