In mid-July 2021, isolved announced the acquisition of predictive people analytics platform TrenData HR. Applying predictive artificial intelligence (AI) models to produce visual insights pertaining to an organization’s workforce, the TrenData platform draws on external data sources and aggregates them with information from internal systems. The addition of TrenData to isolved People Cloud brings enterprise-grade analytics to the small- and medium-sized businesses (SMBs) that comprise a majority of isolved’s customers.
Predictive people analytics have grown in sophistication for several years now. Meanwhile, their availability to SMBs in a practical, fully integrated sense has been slow to develop. It’s not that these capabilities have been outright unavailable. It’s just that the number of non-enterprise-grade full-suite HCM solutions that have included high-caliber, highly usable and interpretable people analytics woven in, have been few.
Notably, the acquisition of TrenData HR makes sense in a broader context. Specifically, it is the latest in a number of acquisitions isolved has made over the past three years. In January 2019, the vendor acquired The Sage Group plc, a U.S.-based payroll outsourcer. Earlier, in September 2018, isolved acquired AmCheck, another provider of payroll services with offices across the nation. More recently, recognizing the power in actively supporting the employee sentiment of its customers’ workforces, the vendor acquired the workplace giving and volunteering platform Givful in April 2021.
Download the full 3Sixty Insights Market Alert: Market Alert: With Acquisition of TrenData HR, isolved Equips Users of People Cloud to Navigate Both the Near and Distant Future of Work