OrgVitals | May 16, 2022
On May 13th, premier data-based culture management platform, announced a strategic partnership with Incipio Workforce, a leading solutions provider of workforce alignment, employer branding, and applicant recruiting.
The partnership will help organizations overcome some of the pain points they face during hiring and recruitment.
"sustainable high performance for individuals and organizational efficiency; developing a remarkable culture for a recruiting advantage, and holding on to highly skilled and top talent."
-Charley Miller, CEO of OrgVitals
"Before you can put together a plan to improve an organization's culture, you need accurate and timely data that will allow you to assess the strengths and opportunities inherent in the culture that currently exists. This is exactly what OrgVitals allows us to do. In addition to the extremely effective diagnostics that their employee feedback tools provide, the flexibility and rapid deployability enables Incipio, and our clients, to track the progress and impact of our solutions and efforts."
-Mark Handley, The Navigator of Incipio
HR ANALYTICS,REMOTE WORKFORCE
Relogix and Butlr Technologies | August 03, 2022
Relogix, a leading occupancy analytics provider for hybrid workplace monitoring and performance, today announced the integration of Butlr Technologies' people counting sensors to its occupancy analytics solution offering. Through this partnership, Relogix brings the most comprehensive occupancy and utilization insights that companies need to create effective hybrid workplaces while optimizing their overall real estate spend.
As more people return to the office, some organizations are relying on booking or badging data to get a high-level understanding of the number of individuals entering and exiting a specific space throughout the day. However, this data alone is limited and not sufficient to truly understand actual employee behavior and reveal the new, emerging, and continuously changing work styles and preferences. Creating effective and efficient hybrid workplaces requires the flexibility to combine different occupancy data sources to surface the insights needed to make informed decisions about workplace design, spending and employee experience. Having one platform for all occupancy use-cases makes Relogix the must-have occupancy analytics platform for the hybrid workplace.
"We are thrilled to add Butlr's advanced sensor technology to Relogix's already robust offering, By combining threshold, area, and our desk-level sensors, users can now achieve a more complete picture of employees' work preferences in a flexible, easy to deploy package that scales up or down to meet their changing needs. This information, and the ability to mix and match it with other data sources, empowers employers and CREs to make more informed workplace experience decisions to best meet the needs of today's hybrid workplace."
- Andrew Millar, Relogix CEO.
Using non-intrusive thermal technology, Butlr's sensors are mounted above doorways or ceilings to detect the number of people in defined zones – common areas, meeting rooms, open collaboration spaces, or groups of desks. Unlike other people counting sensors on the market, Butlr's sensors do not use cameras and are incapable of capturing personally identifiable information. The sensors function on their own, independent low-power thermal array network by being wirelessly connected to a gateway. All sensors can form a mesh network starting from the gateway – connected to the internet by either a cellular connection, Ethernet or Wi-Fi.
We are thrilled that Relogix, a true pioneer in workplace analytics, chose Butlr to enable threshold and open area sensing data into their Conexus platform, With the addition of our sensors, Relogix customers now have the opportunity to better understand where, when, and how their employees are using spaces in order to build a more effective hybrid workplace where highly engaged and productive teams thrive, said Honghao Deng, co-founder and CEO of Butlr.
Relogix empowers productive work from anywhere. Relogix provides insightful, actionable and predictive workplace analytics so companies can create better experiences for their people. Founded in 2010, Relogix is focused on solving customer outcomes by combining data and technology. To learn more, visit: www.relogix.com.
Spun out of the MIT Media Lab in 2019 with offices in Silicon Valley and Boston, Butlr was founded by Forbes 30 Under 30 entrepreneurs Honghao Deng and Jiani Zeng with a mission to make the built environment people-aware. Butlr's People Sensing Platform anonymously infers human presence and activity via its thermal, wireless sensors to deliver rich spatial insights at a fraction of the cost and time of legacy alternatives. Since the recent launch of its platform in late 2021, the company is already working with dozens of top occupiers, landlords and service providers in North America, Europe and Asia, in addition to partners in senior living and retail.
Radancy | July 21, 2022
Radancy, the global leader in enterprise software and services solutions for end-to-end talent sourcing, today announced it has partnered with New Mountain Capital, a leading growth-oriented investment firm with over $37 billion in assets under management. The investment from New Mountain Capital will allow Radancy to accelerate its software product roadmap and expand its suite of services focused on helping enterprises optimally identify, engage, and hire talent. Existing investor Gemspring Capital will remain a minority investor in the company.
Talent acquisition is a mission-critical function for every company, but finding the 'right' talent, in the most efficient way, at scale, is increasingly challenging in the 'new' world of work. Radancy provides a best-in-class, global, cloud-based technology platform and consultative services that automate the recruitment process and provide a premium, personalized candidate experience, enabling customers to find the talent they need to support their business objectives.
Adoption of AI-based technology solutions to improve how companies identify, engage, and hire talent has been rapidly accelerating. Companies are increasingly looking for advanced career site platforms that offer a personalized and seamless job search experience, data-driven programmatic advertising technology to increase media ROI, candidate relationship management (CRM) solutions to track and engage with proprietary talent pools, and automated employee referral software to activate existing employee networks. Radancy's unified platform is built as a holistic solution for all these needs.
"The world of work is undergoing massive change and enterprises need to adapt in order to remain competitive in the 'war for talent', We are seeing tremendous demand from companies who are going through a fundamental shift from legacy talent acquisition operating models, involving manual processes and ad hoc tools, to a more integrated approach, leveraging Radancy's end-to-end talent sourcing platform. This is an exciting time in our evolution and we are confident that New Mountain's industry expertise and proven track record of business building will help us accelerate our roadmap and continue to deliver greater value for our clients."
-Michelle Abbey, CEO of Radancy.
Radancy has proven themselves as a leader in the market, bringing a fully integrated technology stack with data and AI-driven solutions to help companies optimize their talent sourcing efforts, said Lars Johansson, Managing Director at New Mountain Capital. We look forward to partnering with Radancy for the next phase of growth as they continue to transform the world of talent acquisition. We see many avenues for growth ahead and look forward to building on the team's impressive track record of success.
Radancy has an outstanding track-record as a trusted partner to its clients, serving many of the most respected employers in the world, and is well-positioned to continue to be at the forefront of the digital transformation of the talent acquisition function, added Sean Donovan, Director at New Mountain Capital.
"Since our investment in 2018, Radancy has furthered its position as the market leader in enterprise talent sourcing solutions, building the industry's leading end-to-end technology platform, all while maintaining an exceptional commitment to customer success, We are excited about the continued partnership with Radancy and believe that New Mountain will be a great partner for the business in driving further success."
-Ravdeep Chanana, Managing Director at Gemspring Capital.
Radancy and Gemspring Capital were advised by Lazard as financial advisor and McDermott Will & Emery as legal counsel. Jefferies and Piper Sandler acted as financial advisors and Ropes & Gray served as legal counsel to New Mountain Capital.
Radancy is the global talent technology leader intelligently solving the most critical challenges for employers and delivering results that strengthen their organizations. Radancy's unified platform, augmented by rich data and deep industry expertise, is revolutionizing how employers attract and hire the talent they need. Radancy's unified software platform includes a market-leading, integrated suite of technology solutions, including a best-in-class career site platform, programmatic advertising technology, candidate relationship management platform, and employee referrals software. For more information, visit www.radancy.com.
About New Mountain Capital-
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds, with over $37 billion in assets under management. New Mountain seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. To learn more, visit www.newmountaincapital.com.
About Gemspring Capital-
Gemspring Capital, a Westport, Connecticut-based private equity firm with $1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial & insurance services, healthcare services, industrial services, software & tech-enabled services, or specialty manufacturing sectors.