Mercer, one of the leading global consulting firms in advancing health, wealth and career has agreed to acquire Mettl, an HR tech startup with cloud-based technology and data sciences-driven talent assessments, based in India.
Ilya Bonic, Global President of Mercer’s Career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market and further enhances its position as a trusted strategic talent advisor to companies.
“The combination of Mercer’s pedigree and talent industry experience in India and Mettl’s leading-edge and scalable proprietary technology platform, will enable companies in India to improve their workforce as they prepare for the future of work amidst rapid digitization,” said Anish Sarkar, CEO, India, Mercer.
Mettl's CEO Ketan Kapoor is also excited with the deal and shared his plans to leverage Mercer’s global footprint to expand Mettl's reach and presence.
He said, " We are very proud of Mettl’s success to date and joining Mercer will enable us to fulfill our aspirations of being a world leader in talent assessments.
“By leveraging Mercer’s global footprint and leadership position, we can sustainably scale our presence and reach, helping companies avoid the cost of suboptimal hiring decisions amidst ongoing digital disruption,” he added.
The Mercer and Mettl deal reflects the increasing interest of global companies in HR Tech startups and their advanced solutions. An expert from Avendus Capital, the exclusive financial advisor involved in the acquisition shares that they are now observing a trend of rising interest from large global companies in Indian technology assets in particular.
Pankaj Naik, Co-Head, Digital & Technology Investment Banking at Avendus Capital quoted on the transaction, "We continue to see rising interest from large global companies in Indian technology assets for the global markets and Mettl’s acquisition by Mercer is an indication of the same.”
Mettl, established in 2010, offers precise, multilingual assessments conducted via secure software as a service (SaaS) platform currently, in over 80 countries. It has been assisting over 2000 global companies and has been working with 24 Sector Skill Councils