Neobrain acquires San Francisco-based HR performance company Flashbrand to strengthen its AI-powered Talent Management solution and establish itself in the U.S.
Jun
6, 2023
San Francisco, Cali. – June 6, 2023 Neobrain. Europe’s leading AI-powered talent management solution, today announced its move to further establish itself in the U.S. market with the acquisition of San Francisco-based HR performance platform Flashbrand which specializes in the continuous optimization of employee performance and engagement. Following the acquisition of WiserSkills in 2022, the acquisition of Flashbrand positions Neobrain as offering the most complete Talent Management platform on the U.S. market. In fact, Neobrain is now the only solution that can meet the strategic corporate challenges of its clients, beyond HR, by linking skills, performance and engagement, to better reveal, mobilize and motivate talent.
The most comprehensive solution for revealing, mobilizing and motivating talent
Since 2018, Neobrain has been at the forefront of the transition to the skills-driven organization model, having built an agile platform helping large companies allocate the right skills, in the right place, at the right time.The acquisition of Flashbrand enables a major technological advance, along with a new vision: Continuous skills management to fuel business strategy.
We are delighted with Neobrain's acceleration in the US market. Neobrain has an interesting and promising technology. Daghan Or Partner at PwC USA.
How important is that merger for the HR Tech industry ?
Skills are at the heart of organizations' competitiveness
With the addition of Flashbrand, Neobrain brings a new systemic approach to Talent management, using skills as shared currency between all key HR activities (recruitment, training, compensation, surveys, retention, etc.) and the company’s challenges.
Talent shortage will be overcome with a cultural shift and hr solutions.
Companies must recruit, train and retain talent while adapting to the fast pace of business and disruptive technologies. They must also engage and empower a more volatile workforce with new aspirations.
Connecting skills, performance, and engagement helps address these challenges, while boosting individual motivation by allowing employees to own their professional development.
The foundation of the Neobrain platform, namely the triptych: artificial intelligence-based skills management, strategic workforce planning and talent marketplace.
A fourth pillar, focused on performance and engagement, completes the company's value proposition.
This includes continuous monitoring of performance, objectives and bonuses, as well as feedback mechanisms and facilitation of one-to-one interviews. On the engagement side, new functionalities enable real-time analysis of employees' aspirations and satisfaction, to better retain them.
With Flashbrand's technology, the Neobrain solution allows an “always on” and agile approach to talent management, while also collecting and connecting a unique new set of data to steer HR strategies.
The merger of Flashbrand and Neobrain gives rise to a new generation of HR solutions, centered on the employee and augmented by artificial intelligence. Never before has HR had such strategic data at its disposal to guide its actions,says Denis Descause who has now been promoted to Chief Product Officer (CPO) at Neobrain and will manage the American subsidiary.
It becomes a tool for continuous dialogue between employees and managers, continuous appraisal of individual and collective performance, and real-time detection of unseen insights and risks.
All the major groups have tried to move towards a skills-driven organization model for half a decade now. Few have succeeded, and most are coming up against siloed processes. said Paul Curtaud, Neobrain founder and CEO.
Our role is to allow them, finally, to power their business through skills, in a seamless AI-powered transition without changing their HRIS. With Flashbrand, we are revolutionizing practices such as objective monitoring, appraisal interviews or "people review", thanks to this skills expertise.” . The American expansion, the presence of a team in New York and San Francisco, as well as the two recent acquisitions is a continuation of Neobrain’s global vision, aiming to meet the expectations and needs of its customers worldwide, such as multinational companies including Total Energies, Natixis, Safran, Audemars Piguet.
Why multinationals should choose Neobrain
About Neobrain :
Founded in 2018 by Paul Courtaud, a young entrepreneur only 22 years old at the time, NEOBRAIN is a scale-up specialized in the use of AI for competency management, strategic workforce planning and continuous performance and engagement optimization. It is at its core technology (platform and applications) that allows companies to anticipate emerging skills and identify gaps with available resources. Included among its 120+ clients are Natixis, Sage, Safran and Bosch. In 2022, the company raised over $22M and acquired WiserSkills, followed by the American Flashbrand in June 2023. Today, the company has 140 Neobrainers in Paris, Frankfurt, Lisbon, New York and San Francisco, and 700,000 active users in 80 countries in 17 languages. More info at https://en.neobrain.io/.
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