To solidify its market leadership in India, global HR consulting firm Aon Hewitt is to acquire CoCubes, a hiring assessment company based in India. With this transaction, Aon Hewitt adds two million assessments to its portfolio of 20 million assessments across 164 countries.
While Aon Hewitt helps make better hiring decisions, CoCubes connects colleges, students and corporates using assessments in order to create a seamless entry-level hiring ecosystem. CoCubes founders, Harpreet Singh and Vibhore Goyal, are to continue to lead the business as a separate practice line and will join Aon Hewitt’s Talent, Rewards and Performance (TRP) vertical.
Sandeep Chaudhary, CEO, India Consulting, Aon Hewitt, said in a statement that the company was looking for an organisation that focuses on employability assessments. "CoCubes stood out for us as a successful start-up with its profitable growth, resilient leadership team and an innovative technology platform," he said.
The acquisition of CoCubes will enable the company to be a one-stop shop for entry-level hiring assessment solutions. Nitin Sethi, Partner and Chief Commercial Officer, India Consulting, Aon Hewitt, added in the statement that CoCubes complements its specialisation in behavioural and leadership assessments with technical and vocational assessments.
"By solving the employability challenge with educational institutions and sector skill councils, Aon Hewitt is now geared to fulfil the entry level hiring needs for corporate clients," he added.