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Venture Capital

ZipRecruiter Acquires People-Powered Job Comparison Site Breakroom

ZipRecruiter has acquired Breakroom, a UK-based employer review platform focused on frontline industries. ZipRecruiter plans to launch Breakroom in the U.S., providing job seekers with transparent insights on pay, work conditions, and cultu

Aug 7, 2024
Company News

ZipRecruiter Achieves Strong Q2 2024 Results with $123.7M Revenue and Continued Innovation

ZipRecruiter announced its financial results for the quarter ending June 30, 2024, reporting a quarterly revenue of $123.7 million and a net income of $7.0 million, which represents a 6% net income margin. The company also achieved an Adjus

Aug 7, 2024
Product News

Awardco Launches External Recognition, An Employee Rewards and Recognition Innovation Built for Customer-Facing Teams

Awardco  , a leader in employee recognition and rewards, has launched a new feature called External Recognition. This innovation allows customers, vendors, partners, or any third-party to recognize employee efforts in real-time, enhancing a

Aug 6, 2024
Venture Capital

Ema Secures $50M in Series A Funding to Revolutionize Workplace Efficiency with AI

Ema , a leading generative AI company, announced the increase of its Series A funding to $50M, bringing its total raised to $61M. The latest $36M addition was led by Accel and Section 32, with participation from several notable investors. E

Aug 1, 2024
Venture Capital

WorkJam Announces $20 Million Investment from Export Development Canada to Expand International Operations

WorkJam , a global leader in digital frontline workplace solutions, has secured a $20 million investment from Export Development Canada to accelerate its growth in the EMEA region. This funding will support WorkJam's efforts to equip hourly

Jul 31, 2024
Earnings

Dayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase

Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil

Jul 31, 2024
Earnings

TriNet's Q2 2024 Highlights: Revenue Growth, Strong Sales, and Positive Customer Retention

TriNet Group, Inc. reported its financial results for the second quarter of 2024, highlighting a 1% growth in total revenues to $1.2 billion and a 5% increase in professional service revenues to $186 million. The net income per diluted shar

Jul 26, 2024
Earnings

Robert Half Reports $68M Net Income in Q2 2024 Amid Macroeconomic Pressures

Robert Half Inc. reported its second-quarter financial results for 2024, revealing a net income of $68 million, or $0.66 per share, on revenues of $1.473 billion. This reflects a decrease from the same period in 2023, which saw a net income

Jul 24, 2024
News

Deel is acquiring Hofy

Fast-growing payroll provider Deel has acquired Hofy , a London-based company specializing in managing office equipment for remote hires. The acquisition, valued at over $100 million, marks Deel's third significant acquisition this year. Th

Jul 18, 2024
Venture Capital

Phenom Acquires Tydy, Expanding Platform to Seamlessly Onboard Employees

Phenom has acquired Tydy, enhancing its Intelligent Talent Experience platform by incorporating Tydy's advanced preboarding and onboarding capabilities. This integration aims to create a seamless, efficient transition from hire to productiv

Jul 2, 2024
Product News

Zappyhire Launches ZappyVue: Revolutionizing US Talent Acquisition with Automated Video Interviewing

Zappyhire , a leading provider of AI-powered recruitment automation software, has launched ZappyVue in the US. This innovative automated video interviewing platform aims to revolutionize talent acquisition by enhancing the efficiency of scr

Jul 2, 2024
Venture Capital

HireRight Acquired for $1.7 Billion by General Atlantic and Stone Point Capital

HireRight Holdings Corporation has finalized its acquisition by General Atlantic and Stone Point Capital in an all-cash transaction valued at $1.7 billion. The merger, approved by HireRight stockholders on June 21, 2024, converts all outsta

Jun 28, 2024
Venture Capital

KarmaCheck Secures $45M Series B to Revolutionize Background Checks with AI Technology

KarmaCheck , a leader in technology-based background checks and credentialing, announced a $45 million Series B funding round led by Parameter Ventures. Founded by LinkedIn co-founder Eric Ly, KarmaCheck leverages advanced technology and AI

Jun 27, 2024
Earnings

Paychex, Inc. Reports Fourth Quarter and Full Year 2024 Results

Solid Total Revenue Growth and Operating Margin Expansion Full Year 2024 Diluted EPS Growth of 9%; Adjusted Diluted EPS (1)  Growth of 11% Issues Fiscal 2025 Business Outlook ROCHESTER, N.Y.--( BUSINESS WIRE )--Paychex, Inc. (the "Company,"

Jun 26, 2024
Venture Capital

Cadana Secures $7.4 Million to Enable Seamless, Compliant Payroll Services in Emerging Markets for Global Hiring Platforms

Cadana , a pioneering global payroll technology company, has secured $7.4 million in funding to enhance its services in emerging markets. Specializing in seamless and compliant payroll solutions, Cadana's APIs and white-label products are d

Jun 21, 2024
Product News

PrimePay has unveiled HCM Essentials, an all-in-one HCM platform designed specifically for small businesses

PrimePay has unveiled HCM Essentials, an all-in-one human capital management (HCM) platform designed specifically for small businesses. Combining design, function, and affordability, this platform aims to streamline payroll, time, and HR co

Jun 20, 2024
Product News

Borderless AI and Cohere Launch Alberni: The First AI Agent Revolutionizing Global HR

Borderless AI , the pioneering AI-powered HR platform, has partnered with Cohere to revolutionize the HR industry with tailored AI agents. The partnership aims to streamline global HR challenges such as onboarding, payroll, and compliance,

Jun 14, 2024
Company News

Paycom Announces Promotions of Randy Peck to COO, Jennifer Kraszewski to CHRO and Matt Paque to CLO

Paycom Software, Inc. has announced major leadership promotions, positioning Randy Peck as Chief Operating Officer, Jennifer Kraszewski as Chief Human Resources Officer, and Matt Paque as Chief Legal Officer. These appointments reflect the

May 31, 2024
Product News

Sage Intacct unveils new updates to advance productivity and control for SMBs

New features streamline operations, from AI-powered timesheets to advanced financial controls, ensuring smoother workflows and compliance TORONTO, May 29, 2024- Sage , the leader in accounting, financial, HR, and payroll technology for smal

May 29, 2024
Venture Capital

Deel Extends Strategic Investment in Alviere to Enhance U.S. Worker Payments

Alviere , an embedded finance platform provider, has announced that Deel, a global HR and payroll company, has extended its strategic investment with Alviere to enhance U.S. payments. This partnership aims to provide international contracto

May 28, 2024
Company News

Leadership, benefits, and technology risks top of mind for risk and HR professionals surveyed by Mercer and Marsh

The US People Risk 2024 Report by Mercer and Marsh, businesses of Marsh McLennan, highlights the top people risks identified by over 1,000 risk and HR professionals nationwide. The report reveals that ineffective leadership, improper reward

May 23, 2024
Column

Workday VNDLY Named a Leader in Everest Group's Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024

Workday, Inc. announced that Workday VNDLY has been recognized as a Leader and Star Performer in Everest Group's Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024. This marks the fourth consecutive year Workday VNDLY has been nam

May 22, 2024
Column

Fast-Growing 250-Employee Business Decreases Payroll Processes up to 75% with UKG Ready

UKG, a leader in HR and payroll solutions, has enabled Purple Wave Auction to streamline operations and enhance employee experience using the UKG Ready suite. The rapidly growing online equipment auction marketplace, with 250 employees, has

May 21, 2024
Company News

Josh Bersin Company Launches AI Assistant Galileo™ to Transform HR Management

At Irresistible 2024, The Josh Bersin Company announced the general availability of Galileo™, an AI assistant designed to support HR professionals. Galileo is already in use by over 10,000 HR professionals across more than 60 Global 2000 or

May 20, 2024
Company News

PEO Industry to Gather in Washington to Celebrate National PEO Week May 19-25

ALEXANDRIA, Va. ,  May 17, 2024   -- Hundreds of owners, executives and employees of professional employer organizations (PEOs) around the country will be gathering in Washington, DC  next week to celebrate National PEO Week, which recogniz

May 17, 2024
Product News

Harri Announces Product Innovation Designed to Propel the Frontline Employee Experience and Restaurant Profitability

Harri , a leading Frontline Employee Experience platform, has announced its latest product release, featuring 70 new features and updates designed to enhance the efficiency and engagement of hospitality organizations. The Summer 2024 Releas

May 16, 2024
Product News

Eightfold AI Talent Tracking Brings an AI-native ATS to Every Organization

Eightfold AI  has launched Eightfold Talent Tracking, an AI-native, end-to-end talent acquisition system, replacing traditional applicant tracking systems. This innovative solution integrates seamlessly with Eightfold's Talent Intelligence

May 15, 2024
Venture Capital

Worky Raises $6 Million to Drive Growth and Accelerate Adoption of Cloud-Based HR and Payroll Solution in Mexico

Worky , an all-in-one HR and payroll software designed for Mexican companies, recently secured $6 million in Series A funding led by Atlántico and ADP Ventures. Founded in 2018, Worky aims to modernize employee recruitment, management, and

May 14, 2024
Earnings

ZipRecruiter Announces First Quarter 2024 Results

ZipRecruiter reported a revenue of $122.2 million in the first quarter of 2024, with a net loss of $6.5 million, reflecting a net loss margin of 5%. Adjusted EBITDA for the quarter was $20.8 million, marking a 17% margin. Despite the challe

May 10, 2024
Earnings

Docebo Reports First Quarter 2024 Results

Docebo Inc., a leading AI-based learning platform provider, reported strong financial performance for Q1 2024. The company highlighted significant growth in subscription revenue and profitability, with total revenue reaching $51.4 million,

May 9, 2024
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