ANSR, one of the top firms that helps set up global capability centers (GCCs) in India, has announced the acquisition of hrEntries, a human capital management system (HCM) platform, in an all-stock deal. The financial details of the deal were not disclosed.
“This acquisition seamlessly integrates with ANSR’s core business strategy and expands its suite of technology solutions, providing clients with a comprehensive end-to-end platform for global team management,” ANSR said in a statement.
hrEntries adds to ANSR’s ‘GCC SuperApp’ stack, a comprehensive technology platform providing talent, workspace, HR operations and payroll solutions to enable businesses in building and managing GCCs efficiently, it added.
Over 100 employees from hrEntries will join ANSR and founder Sharad Deshpande will become the vice president of products at ANSR, responsible for developing and managing the software product stack.
“As global capability centers rapidly emerge as a key strategic priority for global businesses, we are excited to expand our GCC SuperApp stack and focus on delivering exceptional experiences for our customers and GCC employees. The acquisition of hrEntries, now rebranded as Rise, aligns perfectly with our goal to simplify GCC operations and provide transparency, flexibility and control to our customers in how their global centers run and operate,” Vikram Ahuja, co-founder of ANSR and CEO for Talent500.
ANSR aims to integrate artificial intelligence (AI) into global team management to deliver advanced capabilities including intelligent employee engagement, predictive analytics, automated compliance checks and smart onboarding processes for GCCs.
“Joining forces with ANSR and becoming part of their comprehensive talent solutions suite is a transformative milestone for us. Our AI-powered solutions are designed to revolutionise the HR experience, enabling companies to seamlessly onboard, manage, and engage their global workforce. This integration is a testament to our unwavering commitment to driving innovation and excellence in HR operations, helping businesses attract and retain the best talent in the industry,” said Sharad Deshpande, founder of hrEntries.
ANSR, backed by global IT major Accenture and venture capital firm Accel Partners, offers full-stack GCC platform with end-to-end products and services to multinational companies to help them set up, manage, and run their high-impact technology centers. Since its inception, ANSR has established over 125 GCCs aggregating to over 180,000 enterprise talent with over $2 billion in investment and using over 12 million sq ft of workspace.
In July, Ireland-headquartered IT giant Accenture announced investment in ANSR with reportedly $170 million (Rs 1,400 crore) investment to help ANSR expand the suite of offerings that complement and co-innovate with IT services players.
GCCs, at around 1,600 employing 1.66 million people in India until last year, are witnessing a massive expansion spree in the country eating into the share of domestic software service exporters with a share of around $46 billion revenue of the $250 billion technology services industry in India. By 2030, GCCs are projected to increase their revenue share to over $100 billion.
Source: Economic Times