TalentNeuron Buys Germany's HRForecast

Labor market analytics specialist TalentNeuron, formerly a part of Gartner, has acquired HRForecast, a provider of workforce planning and skills management software based in Munich.

TalentNeuron provides data and analysis for human resource and talent analytics functions in major companies, government organizations and educational institutions, using proprietary data normalization and enrichment methods to integrate disparate, unstructured data. New York-based investor Leeds Equity Partners paid an undisclosed sum to acquire the firm from Gartner in February last year.

Munich, Germany-based HRForecast is led by co-founders Florian Fleischmann and Christian Vetter, and provides global market insights and AI-powered solutions to help users make informed decisions about talent management, workforce planning and skills development. TalentNeuron says the combination will create an end-to-end solution, 'the first to integrate internal workforce data and external labor information and insights across a unified data architecture', and pushes its strategic workforce planning capabilities 'beyond any solution currently on the market'. Clients can use the solution to forecast, scenario plan, and solve future talent, skill and capacity gaps.

Julie Peck, CEO of TalentNeuron, says the firms' solutions 'build on each other's strengths, bringing together best-of-breed labor market intelligence, demand planning, scenario modeling, internal talent development, and strategic hiring analysis into one comprehensive workforce platform'. Fleischman says the combination will allows the companies 'to bring mission-critical solutions to a global marketplace'.

HRForecast will operate as a wholly owned subsidiary of TalentNeuron LLC, with Fleischmann and Vetter joining the company.

Web sites: www.hrforecast.com and www.talentneuron.com .