ANSR, which helps multinational firms set up their global capability centres (GCCs) in countries like India, today announced the acquisition of FastNext, an artificial intelligence driven technology firm in an all stock deal. The financial details of the transaction were not disclosed.
FastNext, which uses AI driven tools for recruitment was incubated by CoffeeBeans, a boutique product and technology services firm and is headquartered in Bengaluru.
ANSR has been working with FastNext over the last nine months and has seen a 40% increase in efficiency in its recruitment process. The first of the capabilities the company aims to build with FastNext is in AI driven talent acquisition and management that will augment existing consulting and technology capabilities. This will help clients in areas such as talent acquisition and management.
ANSR’s talent platform Talent500 will play a pivotal role in this partnership, said the company.
Talent500 has witnessed tremendous growth given its focus on disrupting the existing recruiting processes in a post-Covid world. “FastNext has managed to carve a niche for itself and has built a great reputation in the job seeking community. By combining FastNext’s recruiting tech products and Talent500’s capabilities, we are paving in a new era of AI led talent acquisition market and driving new levels of productivity. Through this acquisition, we will be able to leverage their resources and serve GCCs better. said Vikram Ahuja, Co-founder, Talent500 by ANSR.
The company said that it had been seeing an increase in enquiries over the last few months as remote working has gained widespread acceptance following global lockdowns as a result of the Covid-19 pandemic.
FastNext, which uses AI driven tools for recruitment was incubated by CoffeeBeans, a boutique product and technology services firm and is headquartered in Bengaluru.
ANSR has helped set up over 60 GCCs so far and recruit over 70,000 people since the time it was set up. The acquisition will help automate the recruitment process and help drive efficiencies. “Building global capability and engineering centers for technology innovation is a priority for multiple Fortune 1000 companies who are on this journey. As a global market leader in this industry, we are excited to integrate FastNext’s portfolio of AI-based tools and solutions into our portfolio so that data is at the core of everything that our customers do to win in the digital age,” said Lalit Ahuja, Founder & CEO, ANSR.
ANSR has been working with FastNext over the last nine months and has seen a 40% increase in efficiency in its recruitment process. The first of the capabilities the company aims to build with FastNext is in AI driven talent acquisition and management that will augment existing consulting and technology capabilities. This will help clients in areas such as talent acquisition and management.
ANSR’s talent platform Talent500 will play a pivotal role in this partnership, said the company.
Talent500 has witnessed tremendous growth given its focus on disrupting the existing recruiting processes in a post-Covid world. “FastNext has managed to carve a niche for itself and has built a great reputation in the job seeking community. By combining FastNext’s recruiting tech products and Talent500’s capabilities, we are paving in a new era of AI led talent acquisition market and driving new levels of productivity. Through this acquisition, we will be able to leverage their resources and serve GCCs better. said Vikram Ahuja, Co-founder, Talent500 by ANSR.
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The company said that it had been seeing an increase in enquiries over the last few months as remote working has gained widespread acceptance following global lockdowns as a result of the Covid-19 pandemic.
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