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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300LinkedIn's Revenue Surpasses $15B for the First Time: Microsoft's Q4 FY23 Earnings
Microsoft announced its Q4 FY23 earnings, which included several highlights for LinkedIn. In Q4, LinkedIn's revenue increased by 5% year-over-year (7% in constant currency), surpassing $15 billion for the first time this fiscal year. Member
Company NewsTriNet Reports Strong Q2 2023 Results with 15% YoY Increase in Net Service Revenue
TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), announced its second quarter 2023 results. The company reported a net service revenue of $250 million, up 15% year over year.
Venture CapitalSkillit Secures $8.5M in Additional Funding to Solve Today's Skilled Labor Shortage for Leading Contractor Firms
NEW YORK—- Skillit , the data-driven recruiting platform for skilled, full-time construction labor, announced $8.5M in additional funding co-led by MetaProp and Bow Capital with participation from existing investor Building Ventures. Since
Venture CapitalGushwork.ai Secures $2.1M in Pre-Seed Funding to Reinvent Business Process Outsourcing
Gushwork.ai, an AI-powered platform designed to help enterprises outsource complex operational workflows, has secured $2.1M in pre-seed funding. The round was led by Lightspeed and saw participation from B Capital, Sparrow Capital, Seaborne
Venture CapitalThe World’s Largest Talent Company Randstad Has Reached an Agreement to Acquire Grupo CTC in Spain From Portobello Capital
Randstad NV , the world’s largest talent company announces that it has signed an agreement to acquire Grupo CTC in Spain. Grupo CTC provides outsourced industrial, logistics, and sales & marketing services to customers in its home market of
Product NewsOffsite Raises $3 Million To Reconnect Remote and Hybrid Companies Through In-Person Experiences
NEW YORK , July 18, 2023 -- Offsite , the marketplace and tech-enabled services provider saving time, money, and stress for remote and hybrid companies planning team retreats, today announced it has raised $3 million to help create more c
Company NewsHR SaaS Provider Vantage Circle Opens Americas HQ In Calgary To Expand Its Market
Vantage Circle selected Calgary as headquarters for company’s Americas and international growth operations Special guests at the official opening included the CEO of Calgary Economic Development Brad Parry and the Mayor of Calgary Jyoti Gon
NewsEmpowering HR with AI: GoCo Announces Breakthrough Capabilities for HRIS Platform
HOUSTON-- GoCo.io , the leading provider of flexible software solutions for HR, benefits, and payroll, today announced the integration of advanced artificial intelligence (AI) capabilities into the platform. With this groundbreaking develop
Company NewsAxonify Evolves Artificial Intelligence Capabilities, Launching New Generative AI Tool
Enabling clients with AI-powered technology for over a decade, Axonify’s new generative AI tool provides frontline workers with instant information to maximize performance, productivity. WATERLOO, ONTARIO – June 28, 2023 – Axonify , a lead
Venture CapitalZenarate, an AI-powered Agent Coaching Platform, Raises $15M
PALO ALTO, Calif. and DENVER -- Zenarate , the leading natural language AI Simulation Training solution for customer and prospect-facing agents, today announced it closed a $15M funding round led by Boston -based growth equity firm, Vol
Venture CapitalOdoo S.A. Announces €150m Investment from General Atlantic to Support Continued Global Growth
Brussels, Belgium and New York, NY – June 26, 2023 – Odoo S.A., a leading provider of open-source integrated business software applications for small and medium-sized enterprises (SMEs), today announced it has received a strategic investme
Venture CapitalUKG Transforms Multi-country Payroll with Agreement to Acquire Immedis from CluneTech
Acquisition propels UKG into a global HCM leadership position, with creation of the industry’s most adaptable, intelligent “schedule to fund in one” experience for multinational businesses LOWELL, Mass., and WESTON, Fla., June 6, 2023 — To
Venture CapitalPLOT Raises $2Million To Help Coordinate Jobsites
WICHITA, Kan. , June 5, 2023 -- Less than a year after its product hit the market, PLOT Communications, Inc. , a SaaS management platform for construction jobsites, has announced just over $2M in fresh funding to continue its mission to
Venture CapitalAxuall Secures $20M Series B Capital Raise after Accelerated Market Growth & Enterprise Adoption
Noro-Moseley Partners, along with a syndicate of leading healthcare organizations, invest in optimizing the clinician workforce via Axuall’s Data Network CLEVELAND, May 31, 2023 -- Axuall , the industry leader in clinical workforce intellig
Venture CapitalVeritone To Acquire Broadbean, Signifying Deeper, Global Commitment For Veritone’s AI-Powered Human Resources Solutions
Acquisition expected to be immediately accretive, generating annualized SaaS revenues of over $35 million, of which over $30 million is subscription-based with attractive margins Acquisition of Broadbean will advance current human resource
EarningsWorkday Announces Fiscal 2024 First Quarter Financial Results
Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over Year Subscription Revenues of $1.53 Billion, Up 20.1% Year Over Year 24-Month Subscription Revenue Backlog of $9.79 Billion, Up 22.9% Year Over Year Total Subscripti
Venture CapitalA Trainning Platform Opus Raises $6.8M in Series A Funding to Expand Operations and Its Development Efforts
Opus , a New York-based training platform for businesses with a deskless workforce, raised $6.8M in Series A funding. The round was led by Stage 2 Capital. Other investors included Gutter Capital, NextView Ventures, and Bling Capital. In co
Venture CapitalAn Oracle NetSuite Partner Infinet Cloud Acquired by Zone & Co
Infinet Cloud is delighted to announce that it has been acquired by Zone & Co , a leading provider of cloud-native software solutions built on the Oracle NetSuite platform. Since launching in 2009, Infinet Cloud has grown consistently and
Venture CapitalAn Automated Employee Incentive Platform SocialCrowd Raises $550K in Pre-Seed Funding
SocialCrowd , a Southern California-based automated employee incentive platform, closed a $550k pre-seed funding round. The round was led by VC 414 with participation from Anand Gala of Gala Capital Partners and various strategic angel inve
Company NewsXoxoday Partners with Workato to Transform Rewards and Recognition
May 9, 2023/-- Xoxoday , a leading rewards and incentives platform, announced a new strategic partnership with Workato , the leading enterprise automation and integration platform. This partnership will enable Xoxoday to create hyper-person
Venture CapitalInstruqt, a Provider of a Product Growth Platform, Raises €15M in Series A Funding
Instruqt , a Hilversum, Netherlands-based provider of a product growth platform, raised €15M in Series A funding. The round was led by Blossom Capital. The company intends to use the funds to expand operations and its business reach. Led by
Venture CapitalAirspeed Raises $7.5M in Funding to Expand Operations and its Business Reach
Airspeed , a San Francisco, CA-based platform focused on connecting and celebrating employees, raised $7.5m in funding. The funding included: $5M Series Seed round of funding led by Greylock Partners and Venrock, with participation from Sal
Venture CapitalGigs Secures $2.7 Million in Pre-Seed Funding to Connect Companies to Job Seekers Looking for Hourly Roles in Their Neighborhood.
LOS ANGELES – May 1, 2023 – Gigs , the job platform that connects companies to job seekers looking for hourly jobs in their neighborhood, announced today the company’s official launch of its employer portal to help retailers, food and bev
Venture CapitalAI-powered Simpplr Secures $70M in New Funding to Deliver Personalized Employee Experiences that Generate Real Business Impact
Redwood City, CA – May 2, 2023: Simpplr , the leading AI-powered employee experience platform, today announced it has secured $70M Series D funding. The investment was led by Sapphire Ventures with participation from existing investor Norw
Product NewsTriNet Announces First Quarter 2023 Results, 2% Growth in Total Revenues to $1.2 Billion
6% Growth in Professional Service Revenues to $205 million 2% Growth in Total Revenues to $1.2 billion Net Income per Diluted Share of $2.17 and Adjusted Net Income per Diluted Share of $2.49 TriNet Group, Inc. (NYSE: TNET), a leading pro
Product NewsManpowerGroup Reports 1st Quarter 2023 Result
Revenues of $4.8 billion (-8% as reported, -2% constant currency (CC)) Gross profit margin of 18.2%, up 80 basis points year over year reflecting continued strong pricing discipline and increased outplacement activity in Right Management Ma
Venture CapitalHubSpot Invests in Switchboard to Support More Connected Collaboration for Hybrid Teams
While some companies are pushing a return to the office for employees, remote and hybrid work is here to stay. According to Zippia’s research on the U.S. workforce, over 36 million Americans will work remotely by 2025. In Buffer’s global
Venture CapitalAn AI-powered Recruitment Software Startup Engin Sciences Raises $2.5M in Seed Funding
Innovative recruitment software startup targets America's fastest-growing industry: cannabis NEW YORK, April 06, 2023 -- Engin Sciences Inc. ("engin"), an AI-powered recruitment software startup, today announced a $2.5 million seed funding
Venture CapitalNorth Carolina-based CongruityHR acquires JanusHR, a Florida-based PEO
WINSTON-SALEM, N.C. and TAMPA, Fla., April 04, 2023 -- CongruityHR (“Congruity”) , a North Carolina-based, leading outsourced HR solutions provider, announced today its acquisition of JanusHR, a Tampa-based provider of comprehensive, perso
Venture CapitalToronto-based Power Staffing Solutions Acquires Hourglass HR
TORONTO , March 30, 2023 - POWER STAFFING SOLUTIONS , industry-leading staffing partner, is excited to announce it has acquired Hourglass HR , an Ottawa -based firm offering Permanent Placement, Temporary Employment and Recruitment Proces
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