Galxy Ventures (GV) Announces Acquisition of Adwait Algorithm to Expand Human Capital Management Service Offering

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Galxy Ventures (GV) Announced Today the Acquisition of Texas based Recruitment Process Outsourcing company, Adwait Algorithm. The addition of Adwait Algorithm to GV's Portfolio will Expand the Human Capital Management Service Offering.

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The world of work and HR is continuously changing to become more digital, global and agile. We’ve always been committed to using technology to create product offerings to solving real customer problems. With Trimax as an incubator, GV is able to move forward with an acquisition that aligns perfectly

Galxy Ventures (GV) Announced the Acquisition of Adwait Algorithm to expand its Human Capital Management Service Offering. This acquisition is a strategic move to navigate and transform the changing workforce marketplace, as well as complement its vision to create unparalleled business solutions for Human Capital Management, as part of an ongoing expansion of the company’s Managed Service offering.

GV will expand the company’s product offering through marrying its technical strengths and innovative solutions with the proprietary Recruitment Process Outsourcing solutions of Adwait Algorithm, resulting in tremendous benefits for current and future customers, including streamlined HCM solutions, reduced costs, increased visibility and expanded functionalities.

"The world of work and HR is continuously changing to become more digital, global and agile. We’ve always been committed to using technology to create product offerings to solving real customer problems. With Trimax as an incubator, GV is able to move forward with an acquisition that aligns perfectly with the global strategy to roll out an enhanced comprehensive managed service offering, inclusive of a Cloud-Based Human Capital Management platform. This is truly for the customers, to provide them with both the team and products to succeed in the digital economy," according to Rahul Bajaj, SVP, Global Revenue & Growth Initiatives (M&A) of Trimax Americas & Board of Advisory for Galxy Ventures.

Leveraging Adwait Algorithm’s RPO team will empower GV to expand its portfolio to include HCM as a service for clients to provide centralized operational processes, bespoke talent selection and reduced costs.

“We are very excited for this next chapter. Becoming part of the Galxy Ventures portfolio, will be not only be a tremendous benefit to us, but to our customers also. They will now have access to an expanded portfolio of service offerings and innovative solutions to transform their businesses cost effectively,” according to Sujith Kumar Alahari, CEO of Adwait Algorithm

About Adwait Algorithm:

Adwait Algorithm is a global provider of customized RPO solutions focused on strong client relationships, talent acquisition, transparency and measurable results. Adwait Algorithm’s client success stories all echo a similar sentiment, improved candidate selection, process efficiency and reduced cost.

About Galxy Ventures:

Galxy Ventures is an early-stage to mid-size corporate investment firm based in Princeton, NJ.
We will provide investment for lower to middle market organizations, as well as early-stage entrepreneurs building next-generation platforms and service offerings in transformational technologies such as X-as-a-service product offering, cloud modernization and human capital management.
With a global footprint in innovation ecosystems, GV collaborates with startups to rapidly prototype and enhance their products and solutions to fast track their go-to-market roll-out.

For more information visit: http://galxyventures.com/

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