Credit Suisse Asset Management’s Next Investors made a majority investment in Sapience Analytics. Will the bank now utilise the Indian firms expertise to drive its own efficiencies?
Founded in 2009, Sapience Analytics is a market leader in «People Analytics» and provides a unique enterprise workforce analytics and efficiency solution.
The Pune based firm claims it delivers unprecedented visibility into work patterns and behaviour in an organization.
The platform focuses on helping companies achieve improved efficiencies for staffing, workload optimization, process improvement, robotic process automation, and outsourcing governance.
Taking Control
As a result of the majority stake investment joining the Sapience Analytics board of directors are Frank Fanzilli, senior advisor to Next Investors and former global CIO at Credit Suisse First Boston, and corporate director at EnterpriseDB, SugarCRM, and Linux Foundation, along with Greg Grimaldi, portfolio manager, Next Investors at Credit Suisse Asset Management.
As part of this investment, industry veteran Bradley Killinger has also joined as the president of the company, leading the North American business as well as global sales and marketing. His background includes prior leadership positions at IBM, Oracle, Unisys, among other firms.
Closer to Home
«With operational efficiency and human capital productivity continuing to be a focus for the financial services industry, businesses need to be smarter in how they deploy resources and allocate workflow,» said Grimaldi.
Under the leadership of CEO Tidjane Thiam Switzerland's second largest bank has been on a severe cost cutting and productivity drive.
As the new majority shareholder it will be interesting to wonder just how long it will be therefore before Credit Suisse begins to use the advanced human capital tech on itself.
