Japan's Largest HR Company Invests in People Analytics Firm hiQ Labs
Investment from Temp Holdings Underscores Growing Global Interest in and Need for People Analytics Solutions
Investment from Temp Holdings Underscores Growing Global Interest in and Need for People Analytics Solutions
SAN FRANCISCO, Feb. 29, 2016 /PRNewswire/ -- hiQ Labs, the global standard for People Analytics, today announced their first international investment from Tokyo-based Temp Holdings Co. Ltd., Japan's largest human resources (HR) company. The investment is being made through the Temp Innovation Fund, a corporate venture capital fund established by Temp Holdings, which aims to increase employee satisfaction and foster innovation by investing in HR technology services and start-ups around the world. The investment will enable hiQ Labs to aggressively expand sales and marketing, as well as drive further product innovation.
"People Analytics is the next frontier for human resources," said Takeyuki Kato, CEO, Temp Innovation Fund. "As the leader in this market, hiQ Labs is poised to make major contributions that will solve HR challenges for companies around the world. By partnering with promising start-ups like hiQ Labs, we're able to broaden access to advanced technology solutions that are quickly becoming essential components of any modern HR department."
hiQ Labs is empowering human capital decisions through science, transforming how HR organizations manage and work. The company's SaaS-based solutions apply predictive analytics to the enterprise workforce, enabling companies to leverage internal and external data to improve employee retention.
"One of the most pressing issues facing human resources teams today is how to be more data-driven, and we at hiQ Labs are squarely focused on solving that challenge," said Darren Kaplan, CEO and co-founder of hiQ Labs. "We continue to align the company with investors who have deep HR knowledge and access, and who are committed to advancing HR through data science. The investment from Temp Holdings is one more significant step forward, as the People Analytics movement gains further attention from the global HR community."
To learn more about the intersection of HR and data science, and participate in the People Analytics community, join hiQ Labs at hiQ Elevate, March 1, 2016 in Santa Clara, Calif.
About hiQ Labs
hiQ Labs is the global standard for People Analytics. By applying data science and machine learning to internal and external data, hiQ Labs helps HR teams make better, more reliable people decisions. Easy to deploy and fast to deliver predictive insights, hiQ Labs' cloud platform transforms how enterprises retain their best talent. The world's most forward thinking brands rely on hiQ Labs to significantly reduce turnover and save millions of dollars in employee attrition.
Founded in 2013 and led by an elite team of data scientists and analysts, hiQ Labs has offices in San Francisco and New York. For more information, visit www.hiqlabs.com, or join us on Twitter @hiQLabs and LinkedIn.
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SOURCE hiQ Labs
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