Aluminum, Inc. acquires skill assessment platform TrueAbility, Inc.

In a strategic move to bolster its portfolio, Aluminum, Inc., a private equity firm with a focus on B2B software-as-a-service (SAAS) companies, has announced the acquisition of TrueAbility, Inc. TrueAbility is a trailblazer in performance-based skill assessment, providing innovative solutions that enable organizations to measure and evaluate technical skills across various sectors.

Founded in 2012, TrueAbility’s advanced technology and comprehensive assessment tools have earned the trust of leading financial, data, and software customers for their certification programs. The company’s automated assessments have also become a favored choice for organizations looking to reliably assess digital skills in talent acquisition, skills development, and career progression.

Frederick Mendler, Co-founder and CEO of TrueAbility, views the acquisition as an opportunity to capitalize on the trend towards skills-based hiring. He said, “Joining Aluminum’s portfolio is a tremendous opportunity for TrueAbility. As the world continues to embrace skills-based hiring, the company will benefit greatly from Aluminum’s expertise to maximize the trend.”

Marcus Robertson, Co-founder and CTO of TrueAbility, sees this acquisition as a means to extend the reach of their platform to a wider audience. He added, “Now the company can accelerate the mission and extend the reach of the platform to a wider audience, ensuring the ubiquity of performance-based assessment.”

Recognizing the potential of TrueAbility, Aluminum, Inc. intends to integrate TrueAbility’s cutting-edge assessment platform with its existing suite of SAAS companies. Aluminum’s CEO, John Cross, expressed excitement about the acquisition, stating, “We are thrilled to welcome TrueAbility into the Aluminum family. TrueAbility’s exceptional performance-based skill assessment platform aligns perfectly with our vision of empowering organizations with transformative technology solutions. This strategic acquisition not only strengthens our position in the SAAS industry but also opens up new avenues for growth and innovation.”

The acquisition exemplifies Aluminum, Inc.’s commitment to investing in high-potential SAAS companies and leveraging their capabilities to create industry-leading solutions.