Oxford’s Quorbit acquired by US tech company
American HR, payroll and workforce management solutions provider UKG has acquired Oxford startup Quorbit.
Based in Headington, Oxford, Quorbit specialises in workforce planning solutions, providing detailed modelling, associated labour budgets and recruitment strategies by forecasting future staffing needs.
Matt Brown, co-founder and CEO at Quorbit, said: “I am so proud of what the whole team at Quorbit has achieved and we’re excited to begin the next chapter in our innovation journey with UKG, universally regarded as a top technology provider and one of the world’s best employers.
“This news means Quorbit and UKG together can focus on staying at the forefront of innovation in the HCM market.”
Read more - Reading’s Sondrel appoints new North America VP of Sales
Under the acquisition, UKG will utilise its artificial intelligence expertise to build on Quorbit’s capabilities, adding new features for customers in the food service, hospitality, logistics, manufacturing, and retail industries in the coming year.
Hugo Sarrazin, chief product and technology officer at UKG, said: “People have more fulfilling work experiences when they’re provided with purposeful training, upskilling, and professional development.
“The Quorbit team and their solution are powerful additions to UKG and are advancing our UKG Life-work Technology approach, which helps organisations meet both the needs of their business and their people.
“With more than half a billion dollars invested in R&D annually, UKG will fully integrate Quorbit into our intelligent suite and explore new opportunities for the operational insights created by Quorbit to inform operations, talent management, and employee development.”
Read more - Oxfordshire's Xerion Healthcare to research post brain surgery treatments with Innovate UK smart grant
Featured image: iStock/Quorbit/UKG/The Business Magazine
