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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
Company News

UKG: 27.5 Million Employed Americans Plan to Miss Work to Watch 2024 Summer Olympics

The UKG Workforce Institute survey reveals that the 2024 Summer Olympics could significantly impact workplace productivity in America. Over 27.5 million employed Americans plan to miss work to watch the games, with various forms of absentee

Jun 26, 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
Product News

Lattice Adds Payroll, Powering Strategic Pay Cycles for High-Growth Companies

Lattice, a leading people platform, has announced the launch of Lattice Payroll, an end-to-end payroll solution integrated into its HRIS and Talent Suite. This solution aims to help mid-sized and growing companies streamline payroll process

Jun 25, 2024
Product News

Culture Amp Introduces People Analytics

Culture Amp , a leader in employee experience platforms, announces the launch of its new People Analytics product, available from June 30, 2024. This innovative solution, following the acquisition of Orgnostic, integrates with Culture Amp's

Jun 25, 2024
Venture Capital

Wilya Secures $4 Million in Seed Funding Led by Ironspring Ventures to Bring Flexibility to the Manufacturing and Supply Chain Workforce

Wilya , previously known as Gig and Take, has secured $4 million in seed funding led by Ironspring Ventures. This funding will support Wilya's mission to transform HR practices in the manufacturing and supply chain sectors through its innov

Jun 24, 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
Venture Capital

ZRG Secures $120 Million in Debt Financing from Main Street Capital

ZRG , a global talent advisory firm, has secured $120 million in debt financing from Main Street Capital Corporation. This funding, along with a recent equity raise from RFE Investment Partners, will accelerate ZRG's growth strategy, includ

Jun 19, 2024
Product News

Ceipal Launches Ceipal Copilot To Supercharge Staffing, Recruiting, and Candidate Engagement

Ceipal , a leader in staffing software, has introduced "Ceipal Copilot", an advanced tool integrating AI to enhance recruitment efficiency. Designed for the dynamic demands of modern recruitment, especially with the tech-savvy Generation Z

Jun 18, 2024
Venture Capital

Nomad Health Lands $22 Million Investment: A New Era Under CEO Justin Lambert

Nomad Health , a leading digital marketplace for healthcare jobs, has successfully raised $22 million in a funding round led by HealthQuest Capital with participation from several notable firms. With this investment, Nomad Health has also a

Jun 17, 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
Earnings

Korn Ferry Announces Fourth Quarter and Full Year FY'24 Results of Operations

Korn Ferry reported its Q4 FY'24 fee revenue at $690.8 million, a 5% decrease from the previous year, and full-year revenue of $2.76 billion, down 3%. Despite the revenue decline, the company saw improved profitability with Q4 net income of

Jun 13, 2024
Venture Capital

AI-Driven Training Platform Learn to Win Raises $30M to Scale Defense and Commercial Operations

Learn to Win , an enterprise SaaS training platform specializing in personalized, predictive, and secure training software, has successfully closed a $30 million Series A funding round led by the Westly Group, with participation from Norwes

Jun 13, 2024
Venture Capital

Mercer to Acquire Cardano

Mercer, a Marsh McLennan business, announced its agreement to acquire Cardano, a UK and Netherlands-based long-term savings specialist with approximately $66 billion in managed assets. This strategic acquisition aims to enhance Mercer's cap

Jun 11, 2024
Product News

CloudPay Launches In-App Mobile Payslip Functionality to Enhance Employee Pay Experience

CloudPay, a global leader in payroll solutions, announced the introduction of a new digital payslip feature in its employee app, CloudPay NOW. This enhancement allows employees to easily access and manage their payslips and year-end tax doc

Jun 10, 2024
Company News

WorkTango Appoints Monique McDonough as Chief Executive Officer

AUSTIN, Texas, June 03, 2024- WorkTango , an award-winning employee experience platform, today announced the appointment of Monique McDonough as Chief Executive Officer. McDonough, who previously served as Chief Operating Officer at WorkTan

Jun 3, 2024
Venture Capital

Ashby Announces $30M Series C

Ashby , a rapidly growing recruiting platform, has secured an additional $30 million in equity financing, bringing their total raised to approximately $70 million. The Series C round, led by Lachy Groom with contributions from Elad Gil, F-P

Jun 3, 2024
Column

Broad Market Reach, Customers Expanding UKG Investments Fuel Second-Quarter Fiscal 2024 Momentum

UKG , a leading provider of HR, payroll, workforce management, and culture solutions for all people, today provided a business update for the second quarter of fiscal 2024, ending March 31, 2024. “We continue to see strong demand for UKG so

Jun 3, 2024
Product News

Kumanu Launches AI Coach to Elevate Whole Person Wellbeing

Kumanu has launched the latest version of its platform, Purposeful, featuring AI Coach, which uses evidence-based principles to enhance digital health coaching. AI Coach aims to boost intrinsic motivation and sustained behavior change while

May 30, 2024
Product News

Wizehire Launches New Candidate Texting to Streamline Recruiting Communication

Wizehire , a prominent hiring solution provider, has unveiled its new Candidate Texting feature, aimed at reducing interview no-shows by up to 71% and increasing interview rates by 26%. Recognizing that 90% of job candidates use cell phones

May 30, 2024
Product News

Rightpoint, a Genpact Company, Launches Knowledge AI and Search Function to Drive Productivity Across Enterprises

Rightpoint , a global experience leader and a Genpact company, has launched its Knowledge AI and Search solution. This solution integrates Microsoft Azure AI, Azure OpenAI Service, Azure AI Search, Copilot for Microsoft 365, and Microsoft V

May 28, 2024
Column

Workday's Q1 FY2025: A Surge in Revenues and AI-Driven Growth

Workday, Inc. reported impressive fiscal 2025 first-quarter results, showcasing strong revenue growth and significant improvements in profitability. Total revenues reached $1.990 billion, an 18.1% year-over-year increase, while subscription

May 23, 2024
Company News

Defense Intelligence Agency (DIA) Selects Workday to Accelerate its Human Resources Modernization Efforts

Workday has announced that the Defense Intelligence Agency (DIA) has selected Workday Government Cloud to modernize its human resources processes, marking Workday's entry into the U.S. Intelligence Community. This partnership, supported by

May 23, 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
Venture Capital

PowerToFly Acquires Upskilling Platform Skillcrush

PowerToFly, a leader in talent management for diverse professionals, has acquired Skillcrush, an education platform focused on technical upskilling for underrepresented groups. This strategic move enhances PowerToFly's offerings, which incl

May 21, 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
Earnings

Recruit Holdings Reports FY2023 Earnings with ¥3,416.4 Billion Revenue and Significant Profit Growth

Recruit Holdings Co., Ltd. announced its financial results for FY2023, showing a slight revenue decrease but significant profitability improvements. Revenue was ¥3,416.4 billion, down 0.4%, while adjusted EBITDA rose 9.8% to ¥598.3 billion.

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
Company News

Visier's First Quarter of 2024 Marks Unprecedented Scale in Generative AI Production Use and Transformational Investment in Analytic Platform Capabilities

Visier , a leader in people analytics, announced key achievements for Q1 2024. Highlights include the launch of "Vee," a generative AI assistant, and the "Open for Builders" initiative. Visier's AI technology now serves 2.1 million Paycor e

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
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