- Investment helps fund an incubator focused on technology development in talent acquisition
- Mercer gains seat on TTL board
Mercer, a global consulting leader in advancing health, wealth, and careers, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), announced today a joint investment with Allegis Group and Mitchell Martin, Inc. in Talent Tech Labs (TTL). TTL is the only start up accelerator and co-working space specifically focused on innovative talent acquisition technologies. Mercer will also gain a seat on the TTL Board.
TTL hosts and mentors promising start ups, and provides programs and events to connect members with emerging innovators, talent acquisition leaders, investors, and opportunities. Additionally, it develops focused in-house research and analysis on the talent acquisition space as well as tracks the technology ecosystem.
“Our investment in TTL is an ideal opportunity for Mercer to facilitate growth and innovation in talent acquisition,” said Ilya Bonic, Senior Partner and President of Mercer’s Talent business. ”By investing in TTL and having a seat on its Board, Mercer will have a front line view of the most promising new firms and emerging technologies in the recruiting space. This and other investments allow us to bring innovative talent acquisition technologies to our clients while supporting our Mercer Innovation Hub activities."
“We are extremely pleased to have the collaboration of Mercer and Allegis helping shape the future direction of Talent Tech Labs. We believe the knowledge and expertise they bring will be very valuable to the start-up companies we incubate. The thought leadership position TTL has enjoyed will be elevated with the involvement of our new investors,” said Brian Delle Donne, President of Talent Tech Labs.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in more than 40 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
About Talent Tech Labs
Located in the heart of Manhattan, Talent Tech Labs engages in investigation, research, validation, and acceleration of talent acquisition technology by fostering and connecting early stage companies with forward thinkers in the industry. Its community of constituents includes talent acquisition executives, startup companies, staffing company leaders, thought leaders, mentors and early stage and strategic investors. Learn more at www.talenttechlabs.com. Investment helps fund an incubator focused on technology development in talent acquisition