PeopleStrong Acquires Qustn Technologies
GURUGRAM, India, March 12, 2018 /PRNewswire/ — PeopleStrong, India’s fastest growing SaaS HR Technology and Solutions company, has acquired Capabiliti by Qustn Technologies for an undisclosed amount. Capabiliti’s mobile first learning will be integrated with PeopleStrong’s Alt platform and will be offered to the PeopleStrong customers globally. This new addition will strengthen the talent management offering of PeopleStrong and will provide more avenues to its customers as they adopt mobile HR solutions for their employees.
Established in Oct 2014, by Mrigank Tripathi & Sachin Grover, Capabiliti, a SaaS platform, allows companies to setup and deliver any type of training to its remote user base. Capabiliti has been pioneering the outcome driven approach to learning – a pain point for many companies. It is used by many Indian and global clients.
Speaking on the occasion, Pankaj Bansal, Founder and CEO, PeopleStrong, said, “We are excited to welcome the Capabiliti team into the PeopleStrong family. They have built a strong product and top-quality team. The product will further help us in enhancing PeopleStrong Alt, and creating an end to end offering for our customers.”
Vishal Saha, Founding Member and Chief Technology officer, PeopleStrong, said, “We have a vision of simplifying the worklife of our clients and their employees by providing anything and everything they need to manage their workforce. With Capabiliti joining the product family, our talent management offering would get further strengthened.”
Mrigank Tripathi, CEO, Founder, Qustn Technologies, shared, “We setup Qustn with a vision of making a team more productive – and are extremely excited to take this next step in our entrepreneurial journey. To work alongside true entrepreneurs is exciting, and we hope to continue providing value to our customers and users.”
Capabiliti will be part of PeopleStrong Alt product suite and their team will join the product group of PeopleStrong. Mrigank will be a part of the leadership team and will lead the go-to-market initiatives for PeopleStrong’s Human Capital Management business. This is the fifth strategic investment for PeopleStrong, after Webpay, Summit HR’s Frontline business, IL&S (Wheebox), and Grownout where the company owns the major stake. The company was in the news, as it recently closed one of the largest investment transactions in APAC’s HR Tech space.
PeopleStrong is one of the fastest growing HR Technology and Solutions companies in India, with over 200 customers spread across all major industries. Its key offerings include SaaS-based HR Technology PeopleStrong Alt – powered by Mobile App and Artificial Intelligence, Recruitment Process Outsourcing, and Human Capital Management. The company has an order book of 500 Cr+ and has been growing at a CAGR of 60% for over a decade.
PeopleStrong is India’s leading HR Technology and Solutions Company, enriching experience of over 175+ customers and over 500,000 users. With the vision to simplify worklife, PeopleStrong delivers its technology and services in one offering, using its on-demand technology product PeopleStrong Alt, which has distilled hours of ‘natural R&D ‘- a decade-long experience of servicing the HR functions of top Indian companies. Known for its penchant to innovate, PeopleStrong has many firsts to its name, the recent one being India’s first HR Chatbot Jinie, which aims to transform the future of work and work life in the HR world. It is the first company in the space to be successfully assessed on SSAE16. For more information, visit https://www.peoplestrong.com/ .