MARKET MOVEMENT
Smollan acquires Argility Technology Group
The Argility Technology Group ( ATG ) has announced an exciting business development as it becomes part of global enterprise – the Smollan Group – an intelligent commerce solutions business , driving sustainable growth and operational excellence . Smollan has acquired ATG from Capital Eye Investments – a private equity and venture capital company that invests in technology driven businesses with a particular focus on emerging markets .
James Collett , Chief Data Officer , Smollan , said : “ ATG joining the Smollan Group is a significant step forward in our strategy to expand our technology and data offering within retail and supply chain . We are extremely excited about the synergies which exist between the businesses , and as a leading global commerce solution company , we will be looking to grow the ATG footprint internationally . An aligned and strong culture is always foundational to creating a successful partnership , and in ATG and its people , we believe that we have found just that . We look forward to welcoming ATG into the Smollan family .”
Marko Salic , CEO , ATG , said : “ ATG is immensely excited about this new phase in the history of the group . Over the past five years , we have made notable strategic investments in the acquisition of companies that have served to augment our goal of partnering with retail and supply chain organisations to help them digitise and transition into industry 4.0 .”
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ServiceNow to acquire Hitch Works to help customers address talent gaps
ServiceNow has announced it has signed an agreement to acquire
Hitch , a skills mapping and intelligence company . Hitch will add a new layer of AI-powered skills insights to the Now Platform to help customers address talent gaps by tying employee learning and development to workforce planning .
“ If skills are the new currency for business , insight into these skills is critical to driving talent retention and adapting to evolving business needs ,” said Gretchen Alarcon , Vice President and General Manager , HR Service Delivery , ServiceNow . “ But skills management has historically been siloed , with numerous point solutions and fragmented processes that don ’ t work together . With Hitch , ServiceNow will streamline skills intelligence on a single platform .”
Hitch was founded by HR-industry veteran Kelley Steven-Waiss , who served as CHRO and CIO of HERE Technologies prior to founding Hitch . The company is led by CEO Heather Jerrehian , a successful serial entrepreneur and one of the founders of the venture capital firm , How Women Invest .
“ AI-powered skills intelligence is the foundation for the future of work ,” said Jerrehian . “ Joining forces with ServiceNow allows us to scale our skills and talent mobility solutions across a global ecosystem of business leaders , managers , and employees . Together we will make work more meaningful and purpose-driven for employees and deliver better business outcomes for companies .”
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