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Neobrain Acquires San Francisco-Based Hr Performance Company Flashbrand To Strengthen Its Ai-Powered Talent Management Solution And Establish Itself In The U.S.

Jun 06, 2023•over 2 years ago

Acquiring Company

Neobrain

Acquired Company

Flashbrand

Enterprise SoftwareSaasArtificial IntelligenceSoftware

Description

Neobrain, Europe's leading AI-powered talent management solution, today announced its move to further establish itself in the U.S. market with the acquisition of San Francisco-based HR performance platform Flashbrand, which specializes in the continuous optimization of employee performance and engagement. Following the acquisition of WiserSkills in 2022, the acquisition of Flashbrand positions Neobrain as offering the most complete Talent Management platform on the U.S. market. In fact, Neobrain is now the only solution that can meet the strategic corporate challenges of its clients, beyond HR, by linking skills, performance and engagement, to better reveal, mobilize and motivate talent.

Company Information

Company

Neobrain

About

Founded in 2018 by Paul Courtaud, a young entrepreneur only 22 years old at the time, NEOBRAIN is a scale-up specialized in the use of AI for competency management, strategic workforce planning and continuous performance and engagement optimization. It is at its core technology (platform and applications) that allows companies to anticipate emerging skills and identify gaps with available resources. Included among its 120+ clients are Natixis, Sage, Safran and Bosch. In 2022, the company raised over $22M and acquired WiserSkills, followed by the American Flashbrand in June 2023. Today, the company has 140 Neobrainers in Paris, Frankfurt, Lisbon, New York and San Francisco, and 700,000 active users in 80 countries in 17 languages. More info at https://en.neobrain.io/ SOURCE Neobrain

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed