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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Deel 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
Product NewsYarooms Launches Yarvis, the AI-Powered Workplace Assistant
Yarooms has introduced Yarvis, an AI-powered workplace assistant designed to enhance team interactions with their workspaces. Yarvis, now in beta on Microsoft Teams, simplifies booking and scheduling tasks, and integrates generative AI to h
Company NewsAlight's $1.2 Billion Sale of Payroll and Professional Services Business to H.I.G. Capital: Introducing Strada
Alight , Inc. (NYSE: ALIT), a leading human capital technology and services provider, has completed the sale of its Professional Services and Payroll & HCM Outsourcing businesses to H.I.G. Capital for up to $1.2 billion. The newly independe
Product NewsClearCompany Unveils Virtual Recruiter, an AI-Powered Chatbot Assistant for HR
ClearCompany has unveiled its latest innovation, the Virtual Recruiter, an AI-powered chatbot designed to enhance candidate engagement and recruitment efficiency. Available 24/7, the Virtual Recruiter assists job seekers with applications,
Venture CapitalHR Path Secures Historic €500 Million to Fuel Global Expansion and HR Innovations
HR Path , a global leader in HR consulting, has secured a record €500 million in financing from Ardian, a top private investment firm. This significant investment, the largest in the company's history, will propel HR Path's international gr
Venture CapitalPhenom 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
Product NewsZappyhire 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
Venture CapitalKarmaCheck 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
Product NewsA.Team Launches "Team Formation AI" to Hire Specialized Tech Talent in Minutes -- Not Months
A.Team has introduced Team Formation AI, a generative AI platform that allows corporate leaders to quickly assemble elite tech teams from a network of over 11,000 vetted product builders. Designed to streamline hiring and supercharge innova
Venture CapitalTechWolf Raises $42.75M to Revolutionize AI-Driven Talent Management
TechWolf , a Belgian AI company, has raised $42.75 million in a Series B funding round led by Felix Capital, with participation from notable investors such as SAP, ServiceNow Ventures, and Workday Ventures. Founded in 2018 by Andreas De Nev
NewsBonusly Launches Performance Enablement Solution to Cultivate High-Performing Organizations
Bonusly has launched Bonusly Achieve, a new performance enablement solution designed to modernize and enhance traditional performance management processes. By integrating peer feedback, collaborative meeting agendas, AI-powered notes, and c
Venture CapitalWilya 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
ColumnWorkday Elects Michael Speiser to Board of Directors
Workday has elected Michael Speiser, a seasoned technology leader and venture capitalist, to its Board of Directors. With over three decades of experience, Speiser is recognized for his contributions to the tech industry, particularly in AI
Venture CapitalRecruitment Smart Wins £2M to Transform Middle East Talent Acquisition with AI
Recruitment Smart , a leader in AI-driven talent acquisition, has secured £2 million in funding to expand its operations in the Middle East and enhance its innovative solutions. The investment, backed by Black Finch Ventures, Aran Ventures,
Product NewsPIXO Unveils Reality Intelligence (RI)™ Offering Designed to Make VR a Winning Reality
PIXO VR has launched Reality Intelligence™ (RI), a new initiative aimed at revolutionizing XR training. Focused on Value Added Resellers, RI offers unmatched flexibility, customization, and management ease for VR training portfolios. As t
Product NewsProsci launches new change management generative AI tool
Prosci , a global leader in change management, has introduced Kaiya, a unique generative AI tool designed for change practitioners and leaders. Kaiya leverages Prosci's extensive intellectual property, including over 25 years of research an
Venture CapitalBullhorn acquires Textkernel to accelerate its AI strategy
Bullhorn , a major player in staffing solutions, has acquired Amsterdam-based Textkernel , a leader in Sourcing AI technologies. This move is pivotal for Bullhorn’s AI strategy, enhancing their offerings with Textkernel's advanced parsing a
Venture CapitalNomad 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
Product NewsBorderless 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,
Company NewsO.C. Tanner Elevates Scott Sperry to CEO and President
O.C. Tanner, a leader in strengthening organizational culture through employee recognition, has announced Scott Sperry as its new CEO and president. Sperry succeeds Dave Petersen, who retires after a notable 41-year tenure. Sperry, ascendin
Venture CapitalJobGet Acquires Wirkn to Expand Retail Footprint
JobGet, a rapidly growing app-first hiring platform, announced its acquisition of Wirkn, a key player in frontline worker recruitment. This acquisition will allow JobGet to enhance its reach in the mall, retail, and restaurant sectors, util
Product NewsCloudPay 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
Product NewsWorkday Announces Built on Workday to Help Partners Build, Manage, and Distribute Finance and HCM Apps to Workday Customers
Workday, Inc. has announced "Built on Workday," a new program designed to enable partners to build, manage, and market apps for the Workday platform. Unveiled at the Workday DevCon 2024, this initiative allows partners to create tailored so
Venture CapitalAmsterdam based Carv raises $10M to offload admin from recruiters and realize recruiter-AI synergy
Carv, a recruitment AI company based in Amsterdam, has secured $10 million in seed funding from investors including Global Founders Capital and prominent angel investors. The funding aims to accelerate Carv's growth and enhance its platform
ColumnBroad 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
Venture CapitalHumanly Acquires Teamable, Introducing an AI-First End-to-End Recruiting Powerhouse
Humanly , a leading AI-powered recruiting solutions provider, has acquired Teamable to solidify its position as a comprehensive end-to-end solution in talent acquisition. This acquisition will allow Humanly to offer an integrated suite of t
Venture CapitalBridgepoint to back LumApps as majority investor for its next stage of growth
LumApps , a French startup known for its "intranet superapp" platform for internal communications and workforce applications, has announced that private equity firm Bridgepoint will acquire a majority stake in a $650 million deal. This tran
Product NewsRightpoint, 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
ColumnWorkday'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
ColumnWorkday 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
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