HR consultancy 21st Century acquires Analytico
The HR consultancy has bought data analytics firm Analytico in a first for the SA market.
Remuneration and HR consultancy 21st Century announced on 25 November that it had acquired data analytics company Analytico. In a first for the South African market, the companies’ joint capabilities will allow them to offer an all-inclusive analytics package based on current South African data and benchmarking, as opposed to international statistics.
The partnership adds IOPs (Input/Output Operations Per Second) capability to 21st Century’s comprehensive HR and analytics services. IOPs is the largest and most credible source of earnings information for medico-legal reporting in South Africa.
The Covid-19 pandemic has created a global shift in employment and remuneration policies. Relevant, up-to-date data and benchmarking are needed more than ever before.
Chris Blair (pictured), CEO of 21st Century says:
“Analytico has become a leading brand in the medico-legal industry as a provider of earnings research and labour market data analysis. Our acquisition will strategically benefit Analytico and 21st Century to provide corporate and non-corporate data to IOPs and attorneys. As a leading remuneration survey provider in Africa, 21st Century looks forward to expanding our services into the medico-legal industry with the Analytico brand.”
The partnership enables a robust combined resource of informal non-corporate and corporate earnings research. It will provide access to credible and audited earnings data and clients will save costs and resources by being able to make a single purchase of an array of data, rather than buying data from several providers.
Jaen Beelders, managing director of Analytico says:
“I am extremely excited about the opportunities of being acquired by an established and credible company like 21st Century. It is an immense opportunity for Analytico to grow and scale in the medico-legal industry. Analytico can now leverage several data sources, ranging from audited formal sector and informal sector data.”
Businesses will now be able to gain access to earnings research tools that provide in-depth analysis of labour market and corporate earnings information. Analytico will also continue to provide IOPs and attorneys with corporate and non-corporate industry data under the 21st Century umbrella.