Human resource technology company PeopleStrong today announced that it has acquired Qilo, a software-as-a-service startup that focuses on performance management, for an undisclosed amount.
Qilo was started in July 2015 by co-founders Arun Verma, Vikram Kohli, and Vipul Mathur.
Speaking about the acquisition, Sandeep Chaudhry, President and Board Member PeopleStrong, said in a press release shared by the company, “Managing performance and productivity is a top priority for a CEO and a key expectation from the CHRO. With Qilo, we will help our clients simplify and measure strategy execution and align individual performance to business outcomes across all levels.”
Qilo has about 20 employees, who will also be joining PeopleStrong after the acquisition.
Vipul Mathur, Co-Founder, Qilo, said, “It is very rare that the vision of two organizations and products gets aligned, which is what happened in our case. We are super excited towards creating a larger impact for enterprises globally”.
Vishal Saha, founding member, and Chief Technology Officer, PeopleStrong, said, “The new code of work would require enterprises to adopt apps that are not only seamlessly connected but can help people achieve more in everything they do.”
