March 4, 2024

Mercer To Acquire TTE To Bolster Talent Assessment Capabilities

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Mercer a business of Marsh McLennan announced that it reached an agreement to acquire The Talent Enterprise (TTE)
The Talent Enterprise founders - Radhika Punshi, David Jones and Gauri Gupta-Image Credit-The Talent Enterprise

Mercer, a global leader in redefining the world of work and a business of Marsh McLennan announced that it reached an agreement to acquire The Talent Enterprise (TTE), a leading psychometric and talent assessment technology company based in the United Arab Emirates. 

Industry sources added that subjected to regulatory approval, the acquisition will boost Mercer’s workforce and HR transformation capabilities, at a time when businesses are growing their workforces and need skilled talent.

Industry sources added further that the Talent Enterprise offers progressive and powerful talent assessment tools and capability development solutions that enable organizations to make critical people decisions. With a team of more than 55 organizational psychologists, human capital, data science, and technology experts, their services range from career guidance and recruitment to talent management and succession planning and workplace well-being. 

Tarek Lotfy, President, Mercer India, Middle East, and Africa

Tarek Lotfy, President, Mercer India, Middle East, and Africa stated “The Talent Enterprise’s suite of services and insights are critically important to organizations today, many of which are pursuing workforce transformations and need people development, upskilling and reskilling tools to remain relevant and competitive.”

David Jones, CEO of The Talent Enterprise

David Jones, CEO of The Talent Enterprise, added “Along with my Co-Founders, Radhika Punshi and Gauri Gupta, I am thrilled by this significant milestone in our journey to offering enhanced technology-led talent solutions to our rapidly growing client base. Through Mercer, we will be perfectly positioned to meet growing market demands, and empowered to offer the solutions that will attract, retain, and develop the best talent for our clients.”

Industry sources added that through the acquisition of The Talent Enterprise, Mercer will expand its ability to help clients shape their recruitment, high potential identification, and coaching, along with leadership development and succession processes through the use of proprietary assessment tools and platforms.

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Also, Read: – More on Marsh Mclennan and its firms

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