Swedish assessment company Assessio has announced the purchase of Wisnio, an Estonian software development company. This partnership will strengthen Assessio`s role in the global market, Assessio states in its press release.
About Wisnio and Assesio
⦁ Founded in 2015, Wisnio is a software development company creating AI-powered tools for the analysis of talent data. The platform automates operations with documents including generating the documentation.
⦁ Assessio develops HR tools that help employ people basing on their real qualities and identify the best potential among candidates. The digital platform gives an opportunity to compare candidates and make a ranking list. Founded back in 1954, Assessio has offices in Stockholm, Oslo, and Helsinki, which marks the company`s leading in the Nordics.
Acquistion details
- By joining forces both Wisnio and Assesio now can work with greater projects and come to the global market.
“Wisnio's strong focus on tech and AI aligns perfectly with our strengths at Assessio. With our expertise in science and data-driven solutions, we believe this collaboration will be a great fit for both parties. Their team will play a significant role in improving hiring and team-building dynamics. By joining forces, we see a strategic opportunity to expand into international markets, including the UK and the US,” Johan Masironi, CEO of Assessio, commented.
- Following the acquisition, Balnord VC, which invested in Wisnio during its seed round and supported it untill the deal, also announced the exit from the company. The fund believes that this acquisition provided a positive return on investment from its predecessor fund, Black Pearls VC.
This merger will make the company even more trustable, enabling clients to trust their most valuable data. Using Assessios`s decades experience Wisnio now can strengthen their reliability and grow their quality.
