Wednesday, April 17, 2024
HomeRecent ArticlesThe Predictive Index Acquires Charma, The Performance Management Platform

The Predictive Index Acquires Charma, The Performance Management Platform

The Predictive Index, the leading talent optimization platform, announced its acquisition of Charma (formerly known as WorkPatterns), the performance management tool that simplifies people and team management.

Read also – Austin based Osano Acquires WireWheel

The move combines The Predictive Index’s 65+ years of behavioral data with Charma’s comprehensive performance management tool, enhancing managers’ ability to oversee their teams’ performance, goals, and feedback in today’s work environment. The acquisition and closing of the deal was completed in October 2023.

Read also – [Funding alert] Machinery Partner Raises $11M to Serve the Builders of America

Through the end of 2023, Charma CEO and co-founder Adam Berke will remain General Manager of Charma until the two companies fully integrate at the start of 2024. At that time, he will report to Mike Zani as PI’s Chief Strategy Officer. In his new role, Berke will continue to ensure the success of future product integrations, and the evolution of core products, initiatives, and strategies. Additionally, Charma’s nine-person team will be joining The Predictive Index to continue developing the product and servicing customers.

Read also – [Funding alert] Raises $7.5 Mn Seed Funding Co-led by Intel Capital and Lip-Bu Tan

“PI is the established leader in the talent optimization category, and I’m thrilled by the vision of incorporating Charma into the platform,” said Charma CEO and co-founder Adam Berke. “It presents an exciting opportunity to join an established company that still has tremendous upside. The Charma team looks forward to being a big part of the next chapter for PI.”

Read also – [Funding alert] Center Raises $30 Mn in Series C Funding Round

This acquisition marks a significant milestone for The Predictive Index, signaling a notable evolution of the talent optimization framework with the addition of post-hire solutions. By integrating Charma’s robust performance management solutions, PI can now offer unprecedented tools and insights for businesses navigating the complexities of management. This collaboration is not just a testament to PI’s commitment to innovating in the space, but also a promise to its clients to continuously provide cutting-edge solutions that foster excellence in talent optimization.

Read also – [Funding alert] Enveedo Raises $3.15 Million in Seed Round led by Silverton Partners

About The Predictive Index

The Predictive Index (PI) is a talent optimization platform that provides solutions for hiring, developing, and retaining top talent. More than 65 years of proven science, software, and a curriculum of insightful management workshops make PI the top talent optimization solution for any company looking to design great teams and culture, make objective hiring decisions, foster engagement, and inspire greatness in their people anywhere in the world. More than 10,000 clients and 690+ partners use PI—including Nissan, Citizens Bank, Blue Cross Blue Shield, and Omni Hotels—across 90+ countries.

Read also – [Funding alert] Pachama Secures $9 Million in Series B Round

- Advertisement -
- Advertisment -

Most Popular