Infor has purchased cloud-based human capital management analysis product maker PeopleAnswers for an undisclosed sum.
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The acquisition of PeopleAnswers will help the Infor HCM suite deliver a real-world use case for big data that impacts results that can be measured. PeopleAnswers uses behavioral science to achieve results in the traditionally "soft" space of HR, tying performance metrics to key behaviors of top employees using performance profiles and behavioral DNA to enable companies to hire, reward, and promote their best performers.
PeopleAnswers administers consistent online interviews to 20 million applicants annually across multiple industries, job roles, and geographies that measure the 39 performance attributes and create DNA profiles. Those attributes are weighted differently by job role and completely derived from the data.
“Evaluating talent is one of the most important decisions for a manager, but these decisions are hindered by uncertainty and a lack of data. PeopleAnswers has pioneered the concept of HCM big data and behavioral science that delivers a patented, cloud-based product available in 16 languages that has become the gold standard for hiring best practices,” said Infor chief executive Charles Phillips. “Through this acquisition, we will not only expand our HR offering, but we will add a cadre of scientists to move beyond simply automating processes to push the envelope on big data and HCM innovation.”