Swe-Cham Member Quinyx Acquires AI-experts Widget Brain
Boston/Stockholm/London, October 21st 2020 - Quinyx, a world leader in Workforce Management technology, announced it has acquired Widget Brain, a company that leverages AI to help automate and optimize workforce scheduling. The acquisition will further enhance Quinyx’s proposition by allowing organizations using its software to automate their labor optimization process through Widget Brain’s AI driven technology - helping further increase business performance, labor law compliance, and safety, all while reducing overall labor spend.
“After several years of partnering with Widget Brain, we saw the benefits of a deeper integration of the company’s disruptive and forefront technology with our own software solutions,” said Erik Fjellborg, Quinyx’s CEO and founder. “AI and automation is the future for companies needing ROI across their WFM process. This acquisition will catapult our product offering, accelerate our progress and offer 'best-in-class' WFM AI solutions to the market.”
Joachim Arts, Widget Brain’s CEO added: “We built an awesome piece of AI that helps our customers make better employee schedules. It’s really taking automation in operational decision-making to the next level. In Quinyx, we have found the perfect partner who is as passionate as we are about giving employees and employers the best schedules ever made.”
Widget Brain’s advanced AI-driven workforce optimization service allows companies to balance different business objectives by fully automating the labor scheduling process, resulting in significant time and cost savings. Their technology allows employers to create schedules that suit employees' preferences, resulting in higher retention and engagement
The acquisition will bring new brands, like Facilicom and Royal Vopak to the existing Quinyx portfolio which includes shared global customers like Domino’s Pizza and Wello. Widget Brain’s global team and offices will be integrated with Quinyx.
Erik Fjellborg noted, "we already share a close relationship, customers and a common vision to help businesses revolutionize their labor scheduling. This merger was a natural fit and we cannot wait to leverage Widget Brain’s outstanding machine learning and AI know-how to deliver the best and most innovative offering to the market."
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