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.
Mettl helps companies maximize human potential by measuring talent through assessments conducted in a secure and scalable software as a service (SaaS) platform. 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. According to the World Economic Forum, a widening skills gap is one of the biggest challenges in the fourth industrial revolution, and a robust assessment platform is fundamental to the development of a skills-focused talent strategy.
“We believe that online talent assessment is a powerful tool that can help companies unlock the potential of their people. Mettl is a disruptive HR tech start-up that has pioneered a robust assessment platform,” said Puneet Swani, Career Business Leader for Mercer’s Growth Markets region. “The combination of Mercer’s pedigree and talent-industry experience and Mettl’s leading-edge and scalable proprietary technology platform, ensures companies in this region have access to world-class talent solutions as they prepare for the diverse future of work amidst rapid digitization,” he added.
“We are very proud of Mettl’s success to date and joining Mercer will enable us to fulfill our aspirations of being a global 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,” he added.
The acquisition of Mettl underscores Mercer’s ongoing commitment to helping companies build a future-ready workforce.
Mettl offers its multilingual assessments conducted 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 Government of India for their Skill Development Initiative.
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 Tonomoy Shinghal 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