Phenom, the global pioneer in Talent Experience Management (TXM), has announced the acquisition of My Ally, an AI-based HR technology company. Famous for its automation expertise, My Ally has reinforced Phenom’s ability to deliver an omnichannel, intelligent interview scheduling experience. The acquisition occurred just after eight months of Phenom’s USD 30 million Series C funding.
“With Phenom’s first acquisition, we are executing on our growth strategy of constant innovation, enabling organizations to deliver the world’s best talent experiences,” said Mahe Bayireddi, CEO and Co-founder at Phenom. “My Ally has proven that its strong automation technology can scale to provide enterprise-level solutions, and their curious, energetic culture fits well with our own. We welcome My Ally, their employees, and their customers to the Phenom family.”
With too many vacancies to fill, recruiters have never been more shorthanded in today’s talent acquisition world. Most of the time of recruiters is consumed by administrative tasks such as scheduling, making 56% of recruiters spend their time working a full day in scheduling interviews for a vacancy.
With My Ally’s automation-based email interview scheduling, a recruiter’s time spent on manual coordination with candidates and hiring managers can be reduced, thus complementing Phenom’s corresponding functionality in a chatbot, email, and SMS.
“Phenom continues to relentlessly deliver the most advanced (AI) and automation for HR technology, and this acquisition is a reflection of that,” said Tim Guleri, Managing Partner at Sierra Ventures. “This deal is made possible by Phenom’s growth and the global demand for talent experience management. My Ally is an excellent addition and generates significant momentum for the next phase of Phenom.”
My Ally automates the process of scheduling over 20,000 interviews per month, which leads to a significant dataset of learnings and interactions. Along with My Ally’s automation software, these insights can be linked to billions of businesses in the TXM platform, which will ultimately refine Phenom artificial intelligence’s (AI’s) efficiency and precision in interview scheduling.
“Phenom accounts for every step along the talent experience journey,” said Deepti Yenireddy, CEO and Founder at My Ally. “By joining forces with Phenom, we are poised to take our automation technology to the next level. Customers will be blown away by how productive they can be with a single, comprehensive platform.”
