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Planbox Acquires IdeaConnection, an Open Innovation Expert Solver Network

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Planbox, a pioneer in cloud-based AI-powered agile innovation management platforms, today announced that it has acquired IdeaConnection, an open innovation platform, and marketplace. This is the fourth acquisition for Planbox since 2015 as it continues to develop and lead with the most comprehensive agile innovation management solution in the market. Planbox will now further extend and distinguish its solution by including IdeaConnection’s open innovation platform and highly skilled, vast and far-reaching expert problem-solver network in its Agile Innovation Suite offering.

“The world is facing unprecedented social, technological and global disruption which has caused massive turbulence and great challenges across all sectors. Companies face pressing demands for solutions to complex problems. We give businesses access to the world’s most creative and innovative minds who work collaboratively to solve problems and develop innovations,” said Scott Wurtele, CEO of IdeaConnection. “Our motto is multidisciplinary teams solve problems.”

IdeaConnection has a long-standing record as a trusted open innovation partner for some of the world’s most recognized brands with a reputation for running completely confidential challenges with pre-screened candidates under NDA. Hand-picked teams of diverse experts are selected to develop innovative solutions and alleviate the burden on the client who has to choose from a select number of proposed solutions. This unique confidential challenge service provides the perfect platform for solving critical path problems quickly by de-risking a part of the discovery and research stages of problem-solving and new innovation activities.

IdeaConnection gives organizations the tools to discover, invent and explore the technologies and processes that will shape tomorrow’s world. The virtual workforce of 20,000+ experts, thought leaders, scientists and innovators across 180+ countries is ready to help by working together and delivering the innovations that are needed right now. The emphasis is on the quality of the contributors in the network who are heavily screened, continuously vetted and reviewed by customers to ensure only top-notch solvers are invited to participate, all of which contribute to IdeaConnection’s industry-best 80% solver rate, an unparalleled figure that speaks to the volume of challenges solved through the network.

“The global collaboration between public and private organizations all across the world to defeat this health pandemic is a great example of what can be achieved when the world’s best minds come together to solve a problem,” said Ludwig Melik, CEO of Planbox. “IdeaConnection has built its business on establishing the most impressive network of expert knowledge over the last decade based on this premise. Now, by combining IdeaConnection with Planbox, we are launching a unique innovation platform AND marketplace that can provide any organization with an end-to-end experience to discover the best opportunities, solve the toughest problems and deliver the most incredible solutions.”

IdeaConnection has been solving problems since 2007 by assembling carefully built multidisciplinary teams led by world-class facilitators. These expert teams develop intensely researched and highly innovative solutions. Using this approach, IdeaConnection has achieved a best-in-class solve rate for thousands of problems ranging from food science, chemistry, engineering, biology, manufacturing, crop science, packaging, artificial intelligence, machine learning, big data, consumer products and hundreds of other areas of expertise. It has also built a network of networks with thousands of relationships for prior art citation searches on a contingency basis. Customers can gain unprecedented access to source emerging technology leads through a global network, actively and continually researching for potential opportunities that turn the conventional method companies pursue on its head.

This News has been Published in Partnership with PR Newswire

Acquisition

Automated Video Interviewing Platform Sonru Announces Acquisition by Enterprise Hiring Platform Provider Modern Hire

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The combined organisation’s expanded geographical footprint, expertise and technology capabilities maximise customer value, modernising interviewing and hiring for hundreds of global enterprises

Sonru, the leading provider of automated video interviewing technology in EMEA and Asia Pac, today announced its acquisition by Modern Hire, the all-in-one enterprise hiring platform that enables organisations to continuously improve hiring experiences and outcomes with trusted science and technology. The combined organisation’s expertise and expanded footprint provides clients with the most comprehensive enterprise hiring technology suite in the global marketplace.

“Sonru’s strategic decision to align with Modern Hire is the next logical step in our company story, and a transformative action to address the critical needs of enterprises for modern hiring and interviewing solutions,” said Ed Hendrick, founder and CEO, Sonru. “Sonru chose to join with Modern Hire because of our shared focus on the candidate experience, and a shared commitment to support our clients with consistent innovation. Modern Hire has transformed hiring to improve both experiences and outcomes. Our combined organisation’s strategic vision is to provide our clients and future clients with the strongest technology, team and reach in the market.”

Modern Hire partners with hundreds of leading global brands – including 47 of the Fortune 100 – to modernise their virtual hiring process. Headquartered in the U.S., the company’s SaaS interviewing technology, workflow automation, AI capabilities, predictive analytics and hiring assessments work together to enable organisations to continuously improve hiring results for more than 300 industry-leading enterprises, including Amazon, Capital One, CVS Health, FedEx, Humana, Procter & Gamble, Siemens and Walmart, which rely on Modern Hire to hire the right candidates quickly and fairly, at scale.

Modern Hire combines trusted science and proven technology to provide talent acquisition teams with the ideal balance of fairness, speed and quality to better identify, attract and retain talent while ensuring an enhanced candidate experience. Its data-driven experiences meet the needs of modern candidates, the future workforce and business stakeholders alike. By combining with Modern Hire, Sonru clients have access to the complete Modern Hire digital interviewing offering, which includes text, phone and chat interview solutions, and automatic scheduling. Modern Hire’s Virtual Job Tryout assessment delivers pre-employment scanning. These comprehensive set of capabilities bests all other solutions in the market.

“The Sonru brand and heritage are a perfect complement to Modern Hire, given both companies’ commitment to creating client- and candidate-centric solutions to address today’s talent acquisition challenges,” said Brian Stern, president, Modern Hire. “Together, we form the most comprehensive platform for enterprise hiring. Our integration will enable Sonru clients to benefit from continuity of partnership while aligning with a global leader known for its track record and commitment to continued innovation. We look forward to welcoming Sonru to the Modern Hire team, and enabling a smooth transition for our clients.”

Over the past decade, Sonru has established a legacy as a talent acquisition technology leader within Europe, the Middle East, and Asia Pacific. Its video interviewing solution maximises the candidate experience and enables recruiters to replicate a live interview by replacing early-stage phone, Skype or face-to-face interviews. This cuts early stage screening time, freeing up recruiters to focus on more strategic tasks and ensuring consistency, fairness and the application of best practices. Sonru’s technology reduces recruitment lifecycle time and costs by 50 percent. Its customers come from a wide variety of industry, including several Fortune Global 500 companies such as DHL, Nestlé, Qatar Airways, Rolls-Royce, UBS and Westpac.

According to Gartner, “Application leaders in EMEA-headquartered organizations supporting HCM technology transformation should: accelerate their journey toward cloud HCM applications by evaluating their HCM technology portfolio and strategy, with a focus on vendor innovation and user experience capabilities.”

This News has been Published in Partnership with PR Newswire

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Acquisition

AI Analytics Startup StatusToday Acquired by Glickon

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StatusToday, the emerging leader in workplace analytics, announced today that its people analytics platform Isaak has now been acquired by Glickon for an undisclosed amount.

Glickon is a leading HR tech company headquartered in Italy that provides a candidate and employee experience platform that can help engage employees while generating data and insights.

With the increasing focus on remote work and collaboration, companies are looking at AI powered tools to improve employee wellbeing and engagement. Glickon provides an array of solutions to enhance workplace engagement and will consolidate the capabilities from the Isaak platform by StatusToday to enhance its people analytics offering.

“We continually seek out exponential growth opportunities – today’s announcement is exactly that,” Matteo Corte, CFO of Glickon, said. “We are excited about the possibilities that could come from the integration of StatusToday’s technology and what we can deliver to help answer some of the toughest questions that keep HR leaders up at night. A major step closer to a world where people wake up inspired and end the day fulfilled by the work they do,” Filippo Negri, CEO of Glickon affirmed.

As part of the acquisition agreement, Glickon also acquires the Isaak platform and related intellectual property. StatusToday founders, Ankur Modi and Mircea Danila-Dumitrescu, will support the acquisition as external advisers and move on to new ventures.

Ankur Modi, CEO of StatusToday, said, “Glickon has built a fantastic suite of solutions to help businesses be effective worldwide. I am proud that StatusToday’s proprietary technology will now power their people analytics offering and help companies and employees be more objective with decision making.”

Speaking on future potential, co-founder Mircea Danila Dumitrescu said, “Together with Glickon, StatusToday can add an objective transparency in the workplace, redefining the meaning of work in a way that is trustful, and informed.”

StatusToday was awarded the title of Best AI Startup at AI Summit in 2017 and has scaled up its platform to employees and managers in 1069 companies across 105 countries. It was recognized a Gartner Cool Vendor for digital dexterity in 2019. Ankur and his team have raised 4 million dollars from LocalGlobe, Notion Capital, firstminute Capital, Entrepreneur First, Force Over Mass capital, tiny vc and business angels.

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Acquisition

UK’s Payroll provider Payescape Acquires API Payroll Solution PayRun.io

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Payescape, one of the UK’s fastest growing payroll providers, has added a powerful API payroll engine, PayRun.io to their business. Managing Director John Borland said, “We are delighted to welcome the PayRun.io team to Payescape, combining our skills and knowledge means Payescape can continue our growth trajectory and advance our offering.”

Steve Sarowitz, the Billionaire founder of the US payroll company, Paylocity (PCTY) and joint owner of Payescape, commented, “Payroll software is at the heart of our business model and until now we have relied on a third-party software to process our UK payrolls. Acquiring PayRun.io will allow us to be more efficient and productive in how we deliver our service.”

Stuart Hall from PayRun.io, who is no stranger to building successful software companies and sold his company to Intuit in 2014, said, “We are excited about the opportunities ahead and the success we can achieve together.”

Payescape has over 1,200 clients in the UK and has seen a 40% growth in sales in 2019.

Adrian Geffert, Sales and Marketing Director, added, “Having our own payroll engine means Payescape will have access to new markets and integration possibilities we haven’t seen before.”

Payescape, founded in 2006, has customers throughout the UK and Ireland, offering payroll, HR and time management solutions. Through customer focus and innovation, they remove the burden of workload from their clients across all industries sectors to deliver a simple, reliable and compliant service.

This News has been Published in Partnership with PR Newswire

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