However, the terms of the deal are expected to close in November and have not been disclosed yet. Investment bank DC Advisory acted as the financial advisor for the deal.
Founded 11 years ago, Aspiring Minds currently works with more than 100 of the global Fortune 500 companies, and has over 3,000 customers worldwide. Its product involves AI-powered talent assessment and interviewing solutions, spanning a portfolio that includes coding, language, video interview, and skills tests.
SHL said these capabilities were a perfect fit alongside SHL’s foundation of innovation, which includes machine learning technology combined with rigorous science and proprietary datasets that enable SHL customers to hire and develop the right talent.
Speaking about the acquisition, Andy Bradshaw, CEO of SHL, said:
“We see a noticeable gap between those who seek to transform their organisations with a digital strategy, and those who actually have the talent to do so. This acquisition infuses Aspiring Minds’ advanced AI technology throughout SHL’s portfolio at a platform level and will leverage our rigorous science to enable the technical, emerging and leadership talent required for our 10,000-plus customers to succeed in the digital era.”
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