Agreement to acquire talent assessment leader reflects need for tools that help deliver the future of work against a backdrop of ongoing digital disruption.
Mercer, a global consulting leader in advancing health, wealth and career and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), today agreed to acquire Mettl, a leader in cloud-based technology and data sciences-driven talent assessments, based in India.
According to Ilya Bonic, Global President of Mercer’s Career line of business, the acquisition marks Mercer’s entry into the rapidly-growing global talent assessment market and further enhances its position as a trusted strategic talent advisor to companies.
“Online talent assessment is a powerful tool that helps companies unlock the potential of their people. Mettl is a disruptive HR tech start-up that has pioneered a robust assessments platform,” said Anish Sarkar, CEO, India, Mercer. “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,” he added.
Mettl helps companies maximize human potential by measuring talent using assessments conducted via its secure and scalable software as a service (SaaS) platform and by utilizing big data analytics. The platform includes proprietary content to measure personality, ability and job-specific skills. Mettl also licenses its platform as a stand-alone technology for clients’ own content.
“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,” said Ketan Kapoor, CEO, Mettl. “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.”
Mettl offers precise, multilingual assessments conducted via a secure software as a service (SaaS) platform in over 80 countries. Established in 2010, Mettl was recognized as one of the twenty most innovative and high-growth companies in India by London & Partners’ IE20 list in 2017 and was retained as an assessment provider by the Ministry of Skill Development & Entrepreneurship (MSDE) for the Skill Development Initiative (SDI).
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With nearly 65,000 colleagues and annual revenue over $14 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. Marsh & McLennan Companies is also the parent company of Marsh, which advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions; Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; and Oliver Wyman, which serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
Mettl is an Online Assessment Platform to conduct tests and measure talent, co-founded by Tonmoy Shingal and Ketan Kapoor. It provides content across psychometric assessments, aptitude tests and IT/Non-IT domain tests, along with a SaaS platform to conduct secure online assessments. It enables organizations to build winning teams by taking credible people decisions across two key areas: Hiring and Development. One of the largest and fastest growing online talent measurement solution providers globally, Mettl has been at the forefront of online assessment technology since its inception in 2010. It is assisting over 2000 global companies, 24 Sector Skill Councils and 15 educational institutes across 80+ countries.
Avendus was the exclusive financial advisor to Mettl.