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.