Indonesian HR software startup Sleekr acquires competitor Talenta

Indonesia’s human resource (HR) management and accounting platform Sleekr has announced its acquisition of local competitor Talenta.

Talenta is a software-as-a-service firm that aims to help small and medium businesses manage their HR processes such as employee attendance, leave requests, overtime and payroll.

“This merger allows Sleekr and Talenta to combine the advantages of each platform in a new, highly effective, and powerful platform. This merger also makes Sleekr + Talenta the largest provider of modern HR solutions in Indonesia,” said Sleekr founder and CEO Suwandi Soh in a blog post.

Following the acquisition, Talenta will be merged with Sleekr under the latter’s parent company PT Mid Solusi Nusantara, according to a statement by Talenta CEO Joshua Kevin on the company’s website.

The combined entity will have 80 people in product and engineering spread across Jakarta, Bandung, and Bangalore, while its implementation and support team will have 40 people. In his blog post, Soh said the Sleekr and Talenta combine will cater to 100,000 users in the near future.

The acquisition by Sleekr marks an exit for Talenta’s backers that include East Ventures, Skystar Capital and Fenox Venture Capital. The startup landed a pre-Series A investment of a reported $1 million in August 2016 led by East Ventures and Skystar Capital.

Also Read:

Japan’s Money Forward makes first overseas investment in Indonesian startup Sleekr

Indonesia’s jewellery e-tailer ORORI, HR startup Gadjian to raise fresh rounds

East Ventures, Skystar Capital lead pre-series A funding in Indonesia’s Talenta

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.