March 05, 2021
Acqui-hiring is acquiring a company for the talent pool; it entails no company acquisition cost, only hiring of people; higher online orders in food, grocery, furniture, pharmacy segments due to Covid-19 give boost to FarEye’s operations
FarEye, a logistics company in the software-as-a-service (SaaS) space, announced that it has acqui-hired logistics technology start-up PY Technology in a bid to scale customer implementations as well as incubate new ideas, stated a company release.
Acqui-hiring is the process of acquiring a company primarily for the talent. In this acquisition, there was no company acquisition cost, only hiring of people.
FarEye is in the business of using technology to help food, grocery, furniture, and pharmacy deliver faster with lower costs.
Logistics management startup FarEye on Friday said that it has acqui-hired logistics technology startup PY Technology in a bid to scale customer implementation as well as incubate new ideas.The financial transaction details were not .
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