India’s fastest growing SaaS HR Technology and Solutions company PeopleStrong has acquired Capabiliti for an undisclosed amount. The Capabiliti is the subsidiary of Qustn Technologies.
Capabiliti will be part of PeopleStrong Alt product suite and their team will join the product group of PeopleStrong. The founder of Qustn technologies Mrigank tripathi will be a part of the leadership team and will lead the go-to-market initiatives for PeopleStrong’s Human Capital Management business.
Established in Oct 2014, by Mrigank Tripathi & Sachin Grover, Capabiliti’s is a Saas-based platform allowing companies to deliver their training to its remote users.
The acquisition will help Capabiliti to integrate with PeopleStrong’s Alt platform and will offer the service to PeopleStrong customers globally. It is used by many Indian and global clients.
This new addition will strengthen the talent management offering of PeopleStrong and will provide more avenues to its customers as they adopt mobile HR solutions for their employees.
This is the fifth strategic investment for PeopleStrong, after Webpay, Summit HR’s Frontline business, IL&S (Wheebox), and Grownout where the company owns the major stake. The company was in the news, as it recently closed one of the largest investment transactions in APAC’s HR Tech space.
PeopleStrong is India’s leading HR Technology and Solutions Company, enriching experience of over 175+ customers and over 500,000 users.
Its key offerings include SaaS-based HR Technology PeopleStrong Alt – powered by Mobile App and Artificial Intelligence, Recruitment Process Outsourcing, and Human Capital Management. The company total order is close to 500 Cr+ at a CAGR of 60% for over a decade.