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 maximise 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 digitisation,” 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 recognised 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.