Phenom Announces Acquisition of Tydy » World Business Outlook

Phenom announced yesterday the acquisition of Tydy, a human resources technology company focused on delivering phenomenal pre- and onboarding experiences for employees from hire to retirement. The fifth acquisition and addition of the Intelligent Talent Experience platform to the portfolio reinforces Phenom’s vision to accelerate time to productivity for employees while creating powerful experiences for HR practitioners, all from a single platform.

Now with onboarding, the Phenom platform further strengthens the connection between candidate and employee experience solutions to create a comprehensive talent experience from job discovery to the moment an employee is released from the organization. This streamlined experience solves the critical need for acquisition and talent management teams to complete the necessary operational steps, verifications, and documentation leading up to an employee’s first day—traditionally done across disparate systems. This shortens the time to productivity while creating a fast, transparent, and easy new hire experience that has a lasting positive impact.

Founded in 2019 and adopted by companies in over 30 countries, Tydy connects tools, processes, and people to generate workflows that are seamless, efficient, and personalized for each user. Some of the world’s largest brands use Tydy’s employee data platform (EDP) to reduce manual effort for HR, IT, and operations teams, easily achieve compliance through automation, and shorten the time it takes to onboard employees.

The full scope of Tydy’s EDP capabilities will be made available directly through the Phenom platform, providing HR professionals with a common user interface for their talent acquisition, onboarding, and talent management needs. The introduction of new functionality and enhancements to the Phenom platform will support key use cases, including:

• Preboarding and onboarding for new employees
• Compliance checks and approval organization
• Integration of background checks
• Collection, validation and submission of documentation
• IT Resource Provisioning and Collection Triggers
• Start of salary payments
• On board

“The acquisition of Tydy and the addition of pre- and onboarding to their Intelligent Talent Experience platform is a natural progression for Phenom, integrating a critical part of the talent acquisition growth and development process into one comprehensive solution,” said David Wilson, CEO of Fosway Group. “Consolidation continues to accelerate in the HR technology industry, and this acquisition is evidence of Phenom’s continued success and growth, as well as its focus on delivering a seamless, end-to-end experience to its customers.”

“Onboarding is a critical moment in the talent journey where candidates become employees—and talent leaders can set them up for success,” said Mahe Bayireddi, CEO and co-founder of Phenom. “It’s where first impressions are made, and every interaction has the potential to make a lasting impact. With the addition of Tydy, we’re poised to make that a great experience and enable organizations to ensure their employees are productive from the start.”

The Tydy team will join Phenom, including co-founders Kiran Menon, Nikhil Gurjer and Gaurabh Mathure — who founded Tydy to completely transform how HR processes work.

“Since Tydy was founded, our goal has been to make work seamless for everyone,” said Menon, CEO and co-founder of Tydy. “We realized there was an opportunity to fundamentally reimagine the onboarding experience and complex HR operations by combining persona-based segmentation, integrations, automation, and intelligence into a single solution. We believe Tydy’s technology and workflows will be a key part of Phenom’s holistic approach to delivering the best hiring, growth, and retention outcomes in the industry.”

Phenom’s acquisition of Tyda comes on the heels of a wave of HR technology innovations announced at IAMPHENOM 2024 in April. During its annual conference, the company unveiled the Talent Experience Engine, X+ Agents, unique platform experiences for Talent Leaders and Talent Marketers, and a host of innovations for talent acquisition and management teams.

With Phenom, candidates find and select the right job faster, employees develop and evolve, recruiters become extremely productive, talent marketers operate with extraordinary efficiency, talent leaders optimize recruiting processes, managers build more effective teams, HR aligns employee development with company goals, and HRIT easily integrates existing HR technologies to create a holistic infrastructure.

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