Sapience Analytics Announces Investment from Credit Suisse Asset Management’s NEXT Investors
Sapience Analytics, an innovative People Analytics solution company, announced today a majority investment from Credit Suisse Asset Management’s NEXT Investors. The NEXT investment will be primarily used to accelerate Sapience Analytics’ expansion into the US market.
Founded in 2009 with the vision to transform people, processes and productivity, Sapience Analytics is a market leader in People Analytics and provides a unique enterprise workforce analytics and efficiency solution. Sapience delivers unprecedented visibility into work patterns and behavior in an organization, which is being used by leaders of over 70 major customers to make better informed decisions and improve operating efficiencies across their enterprises. The Sapience platform focuses on helping companies achieve improved efficiencies for staffing, workload optimization, process improvement, robotic process automation, and outsourcing governance.
“We are seeing rapid growth for Sapience in the US market. We stand to benefit from our relationship with the NEXT team and their rich industry network which will enhance our ability to accelerate further,” said Shirish Deodhar, CEO and Co-Founder of Sapience Analytics. “As a result of this investment, our headquarters will be relocated to the U.S., and we will continue to make strong management additions and add experienced board members to help capture a greater share of the large global enterprise market. Sapience is a unique People Analytics solution, and unlike other products, is based on automated capture and inferencing of work trends rather than any external or subjective people data.”
Greg Grimaldi, Portfolio Manager, NEXT Investors at Credit Suisse Asset Management, said, “With operational efficiency and human capital productivity continuing to be a focus for the financial services industry, businesses need to be smarter in how they deploy resources and allocate workflow. Sapience Analytics helps solve a big pain point by empowering large institutions to efficiently manage human capital resources to help optimize work streams across an increasingly disparate workforce made up of permanent staff, third-party vendors, consultants, and contractors.”
Joining the Sapience Analytics board of directors are Frank Fanzilli, Senior Advisor to NEXT Investors and former Global CIO at Credit Suisse First Boston, and Corporate Director at EnterpriseDB, SugarCRM, and Linux Foundation, and Mr. Grimaldi. As part of this investment, industry veteran Bradley Killinger has also joined as the President of the company, leading the North American business as well as global sales and marketing. His background includes prior leadership positions at IBM, Oracle, Unisys, among other firms.
“The Sapience platform has a unique value proposition that helps customers significantly improve workforce productivity while also improving employee engagement. Our technology-agnostic approach allows for fast and easy deployments that enable early ROIs for our customers. I am thrilled to be joining such an innovative company as we help define the People Analytics market,” said Mr. Killinger.
Sapience Analytics is helping more than 100,000 users and over 70 enterprises across 12 countries to move the needle on employee engagement, organizational productivity, and business profitability. The company’s current client base comes from Fortune Global 200 enterprises, top 50 global IT services firms, engineering, finance, and business process outsourcing companies.