US-based HR consulting firm Aon Hewitt today announced the acquisition of CoCubes, a hiring assessments company, to strengthen its presence in India.
The companies, said it’s an all cash-transaction but did not specify the deal size.
With this transaction, Aon Hewitt has added two million assessments to its existing global portfolio of 20 million assessments spread across 164 countries.
Aon Hewitt, one of the earliest solution providers in selection and assessment, helps organisations make better hiring decisions and improve performance by predicting the success of their potential and current employees.
CoCubes hiring assessment company based in India, connects colleges, students and corporates using assessments to create a seamless entry-level hiring ecosystem.
“We were actively looking for an organisation that focuses on employability assessments. CoCubes stood out for us as a successful startup with its profitable growth, resilient leadership team and an innovative technology platform,” Sandeep Chaudhary, CEO, India Consulting at Aon Hewitt said in a statement.
Harpreet Singh, Co-Founder and CEO, CoCubes said that it started nine years ago as an idea to provide everyone an equal opportunity at building a career. Today we are delighted to move to the next level in our startup journey.
Aon Hewitt has over 35,000 professionals in 90 countries that serve more than 20,000 clients worldwide, while CoCubes conducts over two million assessments for 600 clients across 350 cities.