Press Release: TechWolf announces strategic investment from HSBC

[Ghent, Belgium] — [10/12/2024] — TechWolf, the leader in AI-powered skills intelligence, today announced a strategic investment from HSBC, marking a significant milestone in their partnership. By making a direct investment in TechWolf, HSBC is solidifying its role not just as a customer but as a partner in driving the company’s growth and innovation.

Skills as the driver for growth

The collaboration between TechWolf and HSBC underscores the strategic importance of skills in aligning workforce capabilities with organizational objectives.

“Skills-led Workforce Management isn’t a new idea, but it’s only now that AI is providing the opportunity to do it sustainably and at scale. We’re pleased to be working with TechWolf as a pioneer in this space to help us develop the right skills as a global organisation, not only to drive HSBCs competitive advantage but also to provide our employees more agency to build their careers into the future.” said Rob Etheridge, Group Head of Workforce Strategy, HSBC.

Rob Etheridge will join TechWolf’s Board of Directors as an Observer.

“We’re incredibly excited to expand our relationship with HSBC. Having Rob at the board table next to Diane Gherson, former CHRO at IBM, is of unmeasurable value to the organisation and will help amplify the voice of the customer,” said Andreas De Neve, CEO of TechWolf. “HSBC’s partnership also accelerates our shared mission to transform workforce management and demonstrates the pivotal role that data-driven insights play in shaping the future of work..”

A strategic investment in the future of work

This partnership reflects the bank’s strong belief in TechWolf’s work, taking an engaged role in the company’s growth and direction. The investment highlights HSBC's commitment to harnessing advanced skills intelligence to keep its workforce at the core of its long-term strategy, while solidifying TechWolf's position as a leader in skills transformation.

"We are thrilled to partner with TechWolf as it leads the charge in enabling transformation to skills-based organisations. As the industry increasingly prioritises skills as the foundation for workforce strategy, TechWolf’s innovative approach to harnessing skills data empowers organisations to thrive in a rapidly evolving landscape. We are excited to support TechWolf’s journey in shaping this critical shift." said Moran Levinovitz, Head of HSBC Ventures

Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of TechWolf and the markets in which it is active. Such forward-looking statements are based on management's current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, TechWolf does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.