Phenom Expands with Edge Acquisition
Deal News | Feb 12, 2025 | Aim Group
Philadelphia-based Phenom, known for its AI-driven talent experience solutions, has successfully acquired Edge, a provider of resource management and talent mobility software designed for global capability centers (GCCs). This acquisition signifies Phenom's strategic expansion into the talent mobility market, enhancing its service offerings to support GCCs in optimizing workforce management. The announcement, however, did not disclose the financial specifics of the deal. GCCs are integral to assisting parent companies in bolstering operational efficiency and innovation capacity worldwide. This acquisition is expected to strengthen Phenom's foothold in providing comprehensive solutions to these centers.
Sectors
- Human Resources Technology
- Software Development
Geography
- United States – Phenom is based in Philadelphia, Pennsylvania, which makes the US a key geography for this acquisition.
Industry
- Human Resources Technology – Phenom and Edge operate within the HR technology industry, focusing on talent management and mobility solutions.
- Software Development – Edge is a software provider specializing in resource management and talent mobility.
Financials
- Not disclosed – The financial terms of the acquisition were not made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Phenom | Bidding Company/Buyer | Company | Phenom is a Philadelphia-based company providing AI-driven talent experience solutions. |
| Edge | Target Company | Company | Edge specializes in resource management and talent mobility software for global capability centers. |