The acquisition is meant to assist in leveraging people analytics for real-time performance management and growth.
Cloud-based real-time performance management company Reflektive announced its acquisition of Shape Analytics, a real-time predictive analytics and BI solution provider. By embedding Shape’s technology into its platform, the company will bring drag and drop, customizable people analytics to all employees.
Shape’s intuitive people analytics platform frees HR departments from needing a data science team to analyze and identify insights. The Reflective Analytics platform empowers HR leaders, managers, and employees by providing real-time, customizable dashboards and people management solutions reporting.
The platform supports self-driven benchmarking and workforce demographics. Users can:
- Create customized reports
- Personalize dashboards
- Compare Reflective data against HRIS data
See also: People analytics skills beneficial but still rare — UK report
“Before Reflektive, our review process was very time intensive for our associates and managers,” said Megan Jackson-Cheatham, manager of talent programs at Cortland Partners. “Our managers did not have insight into the feedback their associates were giving or receiving to each other throughout the year and we struggled with ways to track individual goal progression. Our partnership with Reflektive has provided us with technology to facilitate more frequent, actionable feedback, empower associates to take development into their own hands, and allow managers to have an overview of an associate’s overall contributions.”
The deal follows Reflecktive’s $60M Series C round led by TPG Growth. The company said they will use the funding to expand its performance management solutions and help fuel their growth. The terms of the deal were not disclosed.
Company customers include Foursquare, Cortlant Partners. iFood, Everbridge and Bustle Digitial Corp.