Phenom Expands AI-Driven Talent Management with Edge Networks Acquisition

Phenom People Inc., a leading provider of AI-based HR solutions, has acquired Edge Networks Pvt. Ltd., a talent mobility and resource planning platform, for an undisclosed sum. The acquisition is expected to enhance Phenom's ability to provide advanced workforce planning capabilities across industries.

Founded in 2012, Edge Networks specializes in delivering tailored talent management solutions, primarily serving the IT services and banking sectors. The company’s flagship platform, Edge Pathfinder, offers employees personalized career growth plans and skill development opportunities by aligning their aspirations with corporate objectives. Meanwhile, Edge Recruit leverages AI-powered matching algorithms to streamline the recruitment process by ensuring the right fit between job openings and potential candidates.

By integrating AI into its talent solutions, Edge Networks enables organizations to develop strategic approaches to upskilling, reskilling, and internal talent mobility. Its platform processes extensive data to provide actionable insights, helping companies identify internal resources and reallocate talent efficiently. This allows businesses to optimize project staffing by uncovering hidden skill sets and filling critical roles with internal employees rather than relying on external contractors.

The benefits of the Edge Networks system are measurable. Companies using its platform have reported a 16-day reduction in internal fulfillment times, a 21% increase in fulfilling internal demands, a 36% improvement in workforce visibility, and a 28-fold boost in replacing contractors with existing employees. The platform’s data-driven approach is designed to enhance internal resource utilization, saving time and reducing costs for companies aiming to maintain a competitive edge.

For Phenom, the acquisition marks a strategic step in expanding its offerings to better meet the evolving needs of professional services firms and global organizations. Mahe Bayireddi, co-founder and CEO of Phenom, emphasized the importance of this move, stating, “Intelligence and automation empower HR teams to provide phenomenal employee experiences at scale, and the Edge acquisition adds tremendous value to better serve professional service companies and global capability centers.”

Prior to the acquisition, Edge Networks had raised $8.25 million in funding through five investment rounds. The company’s notable backers included Ventureeast Fund Advisors Pte. Ltd., Kalaari Capital Advisors Pte. Ltd., Exfinity Venture Partners LLP, Launchpad Accelerator, Caspian Impact Investment Adviser Pte. Ltd., and L.J. International Inc.. This funding helped the company refine its solutions, making it a valuable addition to Phenom's expanding portfolio of workforce solutions.