HR Tech Company Phenom Makes its First Acquisition: AI-Driven Scheduling Platform My Ally
Ambler-based HR tech company Phenom (née Phenom People) announced Wednesday that it had acquired AI-driven HR tech company My Ally, maker of an intelligent, omni-channel interview scheduling experience.
The acquisition comes about eight months after Phenom raised a $30 million Series C with plans of expanding its technology, the Phenom Talent Experience Management Platform, which takes into account four stakeholders — candidate, recruiter, employee and management — to reduce time to hire and cost per hire. The round was also going toward continuing growth via hiring.
The deal with the Palo Alto, California-based company is Phenom’s first acquisition.
“My Ally has proven that its strong automation technology can scale to provide enterprise-level solutions, and their curious, energetic culture fits well with our own,” said Phenom CEO and cofounder Mahe Bayireddi in a statement. “We welcome My Ally, their employees, and their customers to the Phenom family.”
“Phenom accounts for every step along the talent experience journey,” said Deepti Yenireddy, CEO and founder at My Ally. “By joining forces with Phenom, we are poised to take our automation technology to the next level. Customers will be blown away by how productive they can be with a single, comprehensive platform.”
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