Artificial Intelligence Software platform X0PA AI to acquire Nastrac Group, a global search firm
 
 

Singapore: Today (Jan 2nd 2019), X0PA Ai. X0PA Ai, an Artificial Intelligence software platform for HR and recruitment have completed their acquisition of Nastrac Group, a strategic hiring and search firm. The CEO of X0PA Ai, Nina Alag Suri, who is also the founder and Chair of Nastrac Group, has been working closely with Nastrac Group CEO Farida Charania since X0PA Ai was founded. This has ensured a very efficient and smart acquisition.

The acquisition combines the recruitment services expertise of Nastrac Group with X0PA’s AI products to create an innovative managed services offering to clients. The new entity aims to provide faster, smarter cheaper hiring decisions for clients and a completely transparent platform to our candidates, using the power of AI to match and score people to jobs and robotic process automation to automate this process without bias.

All current clients from Nastrac Group will be taken over into X0PA Managed Services, where all of the current services provided will be continued. Along with the acquisition, in early the early stages of this year (2019) X0PA Ai will open a new office in Helsinki, Finland. This office is designed to penetrate the European market, opening the client base up to another region. The current CEO of Nastrac Group Farida Charania will take over the new role of Head of Europe with immediate effect and will be based out of Helsinki which is identified as the European headquarters of X0PA.

 

This acquisition helps us to offer creative solutions to our clients both on the product as well as services and help companies reduce their cost and time of hiring by 87% and dramatically improve the quality of hire”  Says Nina Alag Suri , Founder and CEO X0PA AI.

Nastrac’s 20 years of experience and global presence, domain knowledge and insights are key to our data modelling and algorithms. I am delighted with this acquisition and this will further enable us to create innovative models for our platform”  said Jussi Keppo Co-Founder and Head of Data Science at X0PA AI.

X0PA AI will be acquiring 100% of Nastrac Group, the current shareholding of the shareholders including that of Nina Alag Suri  and Farida Charania will be translated to shares in X0PA.

About X0PA AI- www.x0pa.com

X0PA is an artificial intelligence software platform that helps talent management. X0PA’s  AI-powered recruiter Roboroy saves you time, money, resources and above all predicts the best-fit candidates using the power of AI. For existing employees­ predicting attrition and performance in your existing team to identify red flags before the problem becomes a real one. By offering a PAAS-platform with a simple and easy to use interface that can help companies reduce their time to hire by 87% and reduce the cost to hire by 50%.

 

 
Nina Suri
X0PA AI partners with Microsoft with its Innovative AI Talent solutions
 
 

X0PA AI an AI HR Tech start-up headquartered in Singapore has joined the coveted list of strategic ISV partners of Microsoft. X0PA AI a company founded in 2017 by Nina Alag Suri, a serial entrepreneur and Prof Jussi Keppo, head data science at National University of Singapore. promises to transform the way talent is hired and managed, both for companies and candidates.

X0PA’s partnership with Microsoft is a very strategic kind both from evangelising the platform for enhancements as well as a strategic go-to-market together in order to offer innovative and wholistic solutions to clients.

“Congratulations to XOPA for achieving Microsoft co-sell ready status. We are happy to partner with a unique talent solution that delivers value to our customers and the market.” Pratima Amonkar, Regional Director ISV One Commercial Partner at Microsoft.

Roboroy promises to optimise the 6 KPIs of recruitment - cost of hire, time to hire-quality, retention , diversity and candidate’s experience of hiring process. Audited to reduce the time to hire by 87.5%, 50% in cost to hire & improve quality and employer branding significantly.

“Machines will do what machines do best and give humans the tools to enable them to accomplish superhuman tasks. These are exciting times for the convergence of humans and machines and we at X0PA are excited to partner with a powerhouse like Microsoft to provide transformational solutions to our clients together.” Says Nina Alag Suri, CEO and founder of X0PA Ai.

A completely automated robotic recruiter, their AI, Machine Learning and NLP capabilities can match and predict candidate fit, loyalty and performance. Their robotic process automation (RPA) automates the process of hiring from there on.

Recruiters or hiring managers can post a job on the platform, activate their sourcing channels (Roboroy also has an integrated AI sourcer), shortlisting is automatically done. Once shortlisted, candidate receives an automated contact (Consent of the candidate, GDPR etc are kept in mind and nothing is done with the candidate profile, till they consent to the process) and once the candidate accepts, they are sent to an automated workflow process. Video interview, automatic scheduling, smart offer management, smart reference checks etc. are all integrated in to the platform. There is a dashboard for the candidates where they are kept updated on status of their resume and all progress, hence keeping them completely in the loop.

According to a paper by Mercer, Catalyst, world Bank, Statista the Global labour force is ~3.25bn (205m unemployed). With the GWP(Global GDP) approximately at $78T and average resignation rate (%) being around ~9.6%pa and number of people resigning is ~288m/pa. The direct Cost of churn is average calculated at a whopping $4.3Tn! Conventional hiring can cost -$3.6TN and with Roboroy this number can come down to approximately $1.8TN; which offers a saving -$1.8TN.

X0PA Ai has an enterprise platform in addition to its talent acquisition platform, that uses predictive analytics to help companies predict and prepare for potential attrition, predictive performance and also help identify high retention employees helping in project and resource planning. For more information on X0PA AI- www.x0pa.com or email info@x0pa.com

 
Business Finland chooses X0PA as its AI recruitment platform
 
 

“Talent Boost” an initiative of Business Finland ( a part of Ministry of Economic Affairs and Employment of Finland) is an program to attract highly skilled technology professionals to work with companies in Finland. X0PA AI has been identified and engaged by Business Finland for this global program.

X0PA AI’s robotic process automation platform will help speed and improve efficiencies of the workflow and X0PA’s patented algorithms will help identify the best matches to the open jobs in Finland. The algorithms have been specially customised for this initiative and aims to identify professionals who will best adapt to the Finnish market , adjust well and above all will be able to give high performance in their new roles there.

The predictive analytics used by X0PA is based on practical time series historical data from X0PA’s acquisition of Nastrac Group, a global 20 year old executive search company operating in all major markets across the globe. Nina Alag Suri who is the Founder and CEO of X0PA was also the Founder and majority shareholder of Nastrac Group.

The platform is historical and being implemented at the national level. The pilot starts mid April 2019.

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