Acquisition strengthens EY’s People Advisory portfolio of digital services to help businesses navigate their end-to-end skilling needs
New Delhi, 16 November 2020: EY, the leading global professional services organization has announced the acquisition of Spotmentor Technologies in India. Spotmentor is an end-to-end skilling platform to help businesses identify skills required for the future of work, up-skilling and re-skilling talent at scale. The acquisition strengthens EY’s People Advisory portfolio of digital services to support businesses in their skilling and learning needs. It leverages emerging technologies such as artificial intelligence and machine learning, to help close the critical competency gaps in an organization.
2020 has been the year of seismic change; a change to how we work, shop, travel, receive healthcare, conduct business, and socially interact. Organizations need to thrive in this new world by keeping people at their center, leveraging technologies at greater speed and scaling innovation quickly.
With this acquisition, EY adds to its workforce a team of dynamic experts with rich technology experience in creating an ideal learning cycle for businesses backed by emerging technologies. It aims to enable businesses to automatically identify critical competency gaps and recommends suitable learning pathways, thus ensuring real time return-on-investment on learning and development.
Rohan Sachdev, Partner and Consulting Leader, EY India says,“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. 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 commitment and investments in technology and strategic acquisitions to further our range of digital offerings.”
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, helping them identify required skill and competency gaps through hyper-personalized learning and reskilling plans.
EY continues to expand its digital capabilities in India to help organizations solve their complex end-to-end business transformation challenges.Last year, EY in India acquired C Centric, a leading provider of CRM solutions and services, and in 2018, acquired Fortune Cookie UX Design to drive digital transformation, including design thinking, user experience (UX) design, usability and building user-centric digital ecosystems.
Source: Business World