HR tech company Phenom just made its third acquisition in 6 months: Munich's Talentcube - Technical.ly Philly

Growth

Feb. 24, 2021 9:04 am

HR tech company Phenom just made its third acquisition in 6 months: Munich’s Talentcube

The integration of Talentcube's platform will allow candidates to create video-based resumes that can replace cover letters and support live and automated video interviews.
A team shot at Phenom’s IAMPHENOM event in 2020.

A team shot at Phenom's IAMPHENOM event in 2020.

(Courtesy photo)

Ambler-based HR tech company Phenom (née Phenom People) has had quite a busy few months: As of Wednesday, the company has scooped up three HR and recruiting companies since September.

After announcing its first and second acquisitions in 2020 (of companies My Ally and Endouble, respectively) Phenom said Wednesday that it has also acquired Talentcube, an experience-driven video technology
company based in Munich, Germany.

The third acquisition in six months will accelerate Phenom’s adoption of video for candidates, employees, recruiters and hiring managers, supporting a “post-COVID, remote workforce,” the company said in a statement. Five-year-old Talentcube produces desktop and mobile experiences for its 120-plus customers.

The integration of Talentcube’s platform will allow candidates to create video-based resumes that can replace cover letters and support live and automated video interviews with its interface that candidates, recruiters and hiring managers can use over minimal or mobile data speeds, a Phenom spokesperson said. It’s a nod to a continued effort toward remote recruiting and remote work, even as the pandemic eases globally.

“HR teams adopted video technology during the pandemic out of necessity, and moving forward, it will become a competitive advantage in attracting and retaining talent,” said Mahe Bayireddi, cofounder and CEO of Phenom.

Financial details of the deal were not disclosed.

This acquisition means that Phenom is adding an office in Munich, complementing its overseas headquarters in Rotterdam its presence throughout Germany, France, Ireland, Sweden, Netherlands and the United Kingdom. In December, the company said while it had gone completely remote during the pandemic, it normally has more than 800 employees based in offices in the Philadelphia region and in Canada, India, Israel, the Netherlands and the U.K.

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“Phenom understands the immense role that video will play in the future of HR,” said Sebastian Niewöhner, cofounder and CEO of Talentcube. “From the start, we were confident that Phenom would help us incorporate video into the entire talent journey. Their global reach will introduce our video-based experiences to communities and businesses where they can have the greatest impact.”

A Phenom spokesperson declined to comment on whether the high-growth company planned to go public in the future, though Bayireddi told the Philadelphia Business Journal in January 2020 that an IPO was possible in the next three years.

Check out a few dozen open Phenom roles on LinkedIn.

Companies: Phenom People
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