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NIN |
Wednesday,
27.03.2024.|
09:41
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Copy linkAmerican Unicorn Takes Over Serbian Startup Orgnostic
The local startup Orgnostic has been taken over by the American company Culture Amp, which, thanks to the financing by renowned investors and a growth of the value to around USD 1.5 billion, has reached the unicorn status.
Orgnostic is primarily meant for small and medium companies experiencing accelerated growth, which solves the infrastructural issue of the storage, cleansing and use of HR data and also helps the management and HR to get insights into the efficiency of the processes such as staff selection or performance management, but also a clearer picture of the culture and organization of the teams. This local startup secured an investment of USD 900,000 in 2020, and an even more impressive number of as much as USD 5 million followed a year later.
The official press release by Culture Amp, which employs as many as 25 million people, emphasizes that the acquisition of Orgnostic will allow vast sets of organizational data to be infused with Culture Amp’s powerful AI platform, uniquely trained by people science, to unlock accessible and multi-dimensional people analytics.
As they further say, the employee experience platform will bring useful insights to HR teams, empowering the client organizations to make better data-informed decisions.
In an announcement published on his LinkedIn profile by the co-founder of Orgnostic Luka Babic, he pointed out that the acquisition was a significant turning point in their business and that he was extremely proud of the hard work of his team that had enabled all that, and whose dedication and passion had been the driving force of success.
– The combination of the product, Orgnostic’s orchestration of data and the experience of Culture Amp, as well as their hiring platform, fit perfectly into providing unique and quite superior insights into people and organizations to a large extent – said Babic.
He previously reveled that the initial idea behind Orgnostic had come from their talks with investors which acquired companies and their frustration due to the fact that the decisions on purchasing companies were made exclusively based on financial indicators, with minimal insights into the state of the human capital.
Orgnostic is primarily meant for small and medium companies experiencing accelerated growth, which solves the infrastructural issue of the storage, cleansing and use of HR data and also helps the management and HR to get insights into the efficiency of the processes such as staff selection or performance management, but also a clearer picture of the culture and organization of the teams. This local startup secured an investment of USD 900,000 in 2020, and an even more impressive number of as much as USD 5 million followed a year later.
The official press release by Culture Amp, which employs as many as 25 million people, emphasizes that the acquisition of Orgnostic will allow vast sets of organizational data to be infused with Culture Amp’s powerful AI platform, uniquely trained by people science, to unlock accessible and multi-dimensional people analytics.
As they further say, the employee experience platform will bring useful insights to HR teams, empowering the client organizations to make better data-informed decisions.
In an announcement published on his LinkedIn profile by the co-founder of Orgnostic Luka Babic, he pointed out that the acquisition was a significant turning point in their business and that he was extremely proud of the hard work of his team that had enabled all that, and whose dedication and passion had been the driving force of success.
– The combination of the product, Orgnostic’s orchestration of data and the experience of Culture Amp, as well as their hiring platform, fit perfectly into providing unique and quite superior insights into people and organizations to a large extent – said Babic.
He previously reveled that the initial idea behind Orgnostic had come from their talks with investors which acquired companies and their frustration due to the fact that the decisions on purchasing companies were made exclusively based on financial indicators, with minimal insights into the state of the human capital.
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