SAP has announced the acquisition of intellectual property that stands to enhance its existing human experience management suite with artificial intelligence-enabled technology developed by SwoopTalent, a San Francisco-based company. The company plans to incorporate SwoopTalent’s technology throughout its own SuccessFactors Human Experience Management Suite, prioritizing individualized employee experiences and dynamic opportunities that boost engagement, improve organizational agility, and fuel business transformation. Its emphasis on talent data intelligence and machine learning make SwoopTalent’s platform ideal for supporting individualized employee experiences and improving organizational agility.
The newly acquired IP utilizes scalable HR analytics to give organizations a clearer and more complete look at their talent, with the ultimate goal of making more informed executive decisions about internal needs and solutions. Automation and AI-powered algorithms can identify the best use of talent resources for different tasks, assignments, roles, and learning opportunities, making workforce optimization easier and more efficient. It also allows individuals to level-up their skills and capabilities to advance their careers, according to SwoopTalent Chief Executive Officer Stacy Chapman. As part of the deal, several SwoopTalent engineering employees will also join the SAP SuccessFactors team. Financial terms of the acquisition were withheld by both companies.