RiseSmart, the leading provider of contemporary career transition services, today announced plans to expand its team of operations and engineering talent in Pune, India, to support increased customer demand and global growth. RiseSmart, which provides a modern approach to outplacement, has disrupted the traditional, brick-and-mortar model and views the expansion as an opportunity for continued innovation in the industry.
Pune native Sanjay Sathé founded RiseSmart in 2007 and built the company from the ground up by investing in the top engineering and human resources talent in Silicon Valley and India. Last month, the company was acquired for USD 100 million (Rs. 650 Crores) by Randstad, one of the largest HR services companies in the world.
The acquisition has proven the value of RiseSmart's approach to outplacement and the technology behind it, and has provided a strong return on investment for the angel and capital investors who supported RiseSmart early on. RiseSmart will continue to serve as an independent operating unit under Randstand's technology-led solutions, and Sathé will continue to serve as RiseSmart's president and CEO.
Under Sathé's leadership, the company has become known for its distinctive blend of innovative technology and personalized service, which helps put transitioning employees back to work more than 60 percent faster than the national average – and typically with equal or higher pay. With its groundbreaking combination of leading-edge technology with world-class services, RiseSmart has expanded globally and is now even better positioned to serve its global customers with the support of Randstad, whose operations represent more than 90 percent of the global HR services market.
"I am humbled to see this company reach the heights it has—and excited to lead this next phase of growth under Randstad" said Sathé. "Coming from Pune myself, the opportunity to bring in new, local engineering and operations talent to support our global efforts is important to me and to the future of this company. Combined with the support of Randstad and our team of human resources and product experts in the Silicon Valley headquarters, Pune's technical talent will continue to contribute to RiseSmart's explosive growth and innovation in the marketplace."
RiseSmart will continue hiring new talent to staff the Pune office, bringing in the best engineers and recruitment experts to bolster the company's flagship solutions while paving the way for further innovation in the human resources and outplacement space.
RiseSmart has consistently ranked as one of the top places to work. Similar to its Silicon Valley headquarters, the Pune Development Center has extremely low turnover, with employees happy to make a long-term commitment to their careers with the company. In turn, RiseSmart honors its Pune employees with great perks, such as free breakfast and lunch, among other benefits.
RiseSmart, a Randstad company, is a leading provider of contemporary career transition services that strengthen employer brands, improve retention and re-engage talent. RiseSmart's contemporary approach to outplacement combines personalized services from trained professionals with unmatched technology delivered through a convenient, cloud-based platform. High-performing organizations in more than 40 industries rely on RiseSmart's outplacement solution to help former employees find new jobs faster. Landing rates exceeding 80 percent and time-to-placement averages more than 60 percent faster than national averages have helped make RiseSmart the nation's fastest-growing outplacement firm. RiseSmart's innovative approach to human capital management has earned the company a wide range of awards and recognition from organizations including Bersin by Deloitte, the Best in Biz, Gartner Inc., the Golden Bridge Awards, GreatRated!, LAROCQUE, the Momentum Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon Valley/San Jose Business Journal, the Stevie Awards and TIE. Additionally, RiseSmart's outplacement solution has earned the exclusive endorsement of the American Hospital Association. For more information, visit http://www.risesmart.com.
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