Announcing Pearson's Acquisition of Faethm
A partnership that will create the world’s first truly end-to-end Future of Work company
We’re delighted to announce that we have been acquired by Pearson, the world’s leading learning company. With Faethm's AIs and products that show governments and enterprise their future workforce needs and Pearson’s learning products that help workers develop their skills, our partnership will accelerate our mission to prepare every worker, everywhere, for the future of work.
We launched less than four years ago and in that time, have assisted clients in over 21 industries and 26 countries to make data-driven decisions on preparing their workforces for the future. We’re proud to have worked with clients and partners that include Boston Consulting Group, BT, HSBC, NatWest, Nestlé Purina, Microsoft and Rio Tinto, as well as government bodies across the Asia Pacific, Europe, North America and the Middle East. As one of Australia’s highest profile tech companies, we've received recognition and awards from the World Economic Forum, UK Government, MIT and global media along the way.
Describing the benefits we’ve delivered to UK bank NatWest, Elaine Vaile, Group Head of Leadership, Talent, and Future of Work, says, “Faethm allows us to analyse our existing workforce and identify how certain data-oriented roles we have today will be impacted by augmenting and automating technologies. Giving us direct insights into which capabilities and skills will be instrumental for our future growth, and where we have skills gaps that need addressing. What makes it so exciting is that it is fundamentally changing how we view skills and jobs as a business.”
Our market-leading data, insights and AI capabilities will power the next generation of Pearson’s lifelong learning products, which are focused on meeting the rapidly changing needs of today’s workforce and bridging the global skills gap. We’ll contribute enormous value to Pearson’s new Workforce Skills division, with co-founders Michael Priddis and Greg Miller to join the leadership team and play a key role in the division’s growth and mission. Priddis is a former Partner at BCG and Asia Managing Director BCG Digital Ventures and Miller has held Asia-Pacific executive leadership roles at SAP, PeopleSoft and Unisys.
“We are delighted to be accelerating our mission and impact with Pearson,” says Michael Priddis, Faethm Chief Executive Officer. “Integrating AI-driven insights from the world’s most sophisticated future of work platform with the world’s learning company will propel the pace of upskilling and reskilling for any organisation, enabling their employees to benefit from the opportunities that tomorrow brings.”
“Faethm has helped many organisations understand what the future of work looks like,” adds Greg Miller, Faethm Executive Director. “The next question we’re often asked is: now that we know our workforce needs, how do we help our people upskill and adapt to the changing world? With Pearson, we can identify where the world's future workforce needs to be and help it get there.”