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Charleston-based software company Engage Talent acquired

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Engage Talent, a predictive analytics and artificial intelligence software company based in Charleston, has been acquired by a global provider of workforce management software and services.

Workforce Logiq, owned by global investment firm The Carlyle Group, did not disclose the purchase price.

Engage Talent uses AI predictive models with data from 40,000 external sources to deliver information to employers about talent acquisition, candidate engagement and labor market analytics. The company’s proprietary technology allows employers to tailor recruitment efforts based on attributes that are most likely to optimize job appeal.

Jim Burke, CEO of Workforce Logiq, said in a news release that employers need an edge in hiring and retaining the best talent.

“In today’s hypercompetitive market, that requires taking a more proactive and intelligence-based approach to workforce management,” Burke said. “Engage’s data science expertise and proprietary benchmarks provide our customers with an analytical advantage to make better and faster decisions, and a predictive head start to attract and keep the market’s best talent.”

Engage Talent founder Joe Hanna said in the release that he believes his company is a great fit for Workforce Logiq.

“Their team thinks differently about how to prepare clients for today’s challenges,” he said. “The combination of our expert advisers, AI capabilities and proven platforms give us the freedom and responsibility to innovate, disrupt and solve problems for more organizations.”

Hanna will join Workforce Logiq as its chief strategy officer and as managing director of Engage Talent.

Engage Talent was a portfolio company of Charleston Angel Partners, an angel group of serial entrepreneurs, technology executives, health care professionals and management consultants that invests in early stage businesses. The group was founded in 2001 and has made over $9 million in investments in more than 20 companies.

“We are incredibly grateful for our partnership with Charleston Angel Partners.” Hanna said. “Their investment, support and guidance helped fuel our growth and enabled us to achieve our strategic goals.”

Charleston Angel Partners initially invested in Engage Talent in 2016.

"Charleston Angel Partners is proud to have been a very early investor in Engage Talent, and I’m thrilled for Joe, his team, our members who invested and the entire Charleston startup scene who can all celebrate this acquisition as a win for our community.” John Osborne, executive administrator of Charleston Angel Partners, said in a news release.

Reach Patrick Hoff at 843-849-3144.

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