The HR tech data is booming right now, and the latest acquisition news comes from Lightcast.
The US-based labor data giant has bought British data science company Stratigens to expand its footprint in Europe.
Here's the inside track on the deal, featuring exclusive comments from Lightcast EVP JP Moran.
Share
Mergers and acquisitions (M&As) in the HR tech sector continue at pace, despite challenging macro economic conditions.
Hot on the heels of Mimecast buying two companies (Code42 and Aware) within one month and Deel closing on its third company in 2024, the latest M&A news comes from global labor market data and analytics giant, Lightcast.
US-based Lightcast has acquired Stratigens, a British talent intelligence company, for an undisclosed sum. This builds on previous purchases of eIMPACT in January this year, and Gazelle in 2023.
Talking about the Stratigens deal exclusively with UNLEASH, Lightcast’s Executive Vice President of Enterprise and Staffing JP Moran shares: “This acquisition is a natural next step in our multi-year partnership and we’re looking forward to joining forces.”
Now the deal is closed, Stratigens founder and CEO Alison Ettridge will join Lightcast as Director of Global Talent Intelligence.
Writing on LinkedIn about the news, Ettridge shared her delight at the news:
A bright, global future for Lightcast and Stratigens?
For Lightcast, the aim of this acquisition is to solidify its global market position in the HR data space.
Speaking to UNLEASH, Moran adds: “In the last couple of years, we’ve doubled down on our efforts to expand our global footprint.
We know having a global view of the available talent supply is critical to building a future-ready workforce, and this acquisition will help enhance our existing data and resources across EMEA.”
The acquisition will also upgrade Lightcast’s workforce data capabilities, and help provide even more value for Lightcast and Stratigens customers.
Lightcast’s customers include 67 of the Fortune 100, while Stratigens currently works with the likes of Lloyds Insurance, bp and DSTL.
Moran concludes: “Through this acquisition, both Stratigens and Lightcast’s customers will have access to an even richer depth of talent intelligence data to help inform decisions about talent supply, skills gaps, and growth strategy across international markets.”
Sign up to the UNLEASH Newsletter
Get the Editor’s picks of the week delivered straight to your inbox!
