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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Invst Acquires NS Capital, Revolutionizing Retirement Solutions for Businesses
Invst , a leading investment advisory firm, has acquired NS Capital to establish the Invst Unity Pooled Employer Plan (PEP). This strategic move revolutionizes retirement solutions for businesses, addressing challenges like fiduciary liabil
Venture CapitalPayfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Inc., a global leader in Earned Wage Access (EWA) and digital banking for workforces, has entered into a definitive agreement to be acquired by Fiserv, Inc., a leading financial services technology provider. The all-cash deal values
Venture CapitalTenor Announces $5.4M Seed Funding to Scale AI for Leadership Development
Tenor , a new player in the HR technology landscape, has emerged from stealth mode with $5.4 million in seed funding led by Base10 Partners. Focused on revolutionizing leadership development, Tenor leverages AI-driven simulations to enhance
Venture CapitalDeel Acquires Assemble: A New Era in Global Compensation Management
Deel’s acquisition of Assemble marks a significant advancement in global workforce management. By integrating Assemble’s robust compensation management tools into Deel’s platform, businesses can now access a seamless, data-driven solution f
Product NewsSense Releases Conversational Voice AI to Transform Candidate Engagement with Automated Phone Calls
Sense has unveiled its groundbreaking Conversational Voice AI , revolutionizing talent engagement by automating phone conversations for sourcing, screening, and scheduling. Integrated with Sense's powerful Recruiting Automation and Messagin
Venture CapitalTwill Raises $1.4M to Redefine Tech Hiring Through Expert-Driven Recommendations
Twill , a next-generation talent platform, has secured $1.4M in pre-seed funding led by Bloomberg Beta to revolutionize technical hiring. By utilizing peer recommendations and a community of vetted tech professionals, Twill ensures companie
Venture CapitalAI-Powered Recruitment Platform Pin Launches Out of Stealth With $3 Million to Cut Hiring Time by 70%
Pin , an innovative AI-powered recruitment platform, emerges from stealth mode with a $3 million seed funding led by Expa Ventures. By automating the most time-consuming hiring tasks, Pin reduces time-to-hire by 70%, offering businesses a f
Product NewsWorkday Unveils New Illuminate Capabilities for Peakon Employee Voice to Unlock Deeper and Faster Employee Insights with AI
Workday has introduced groundbreaking AI-driven enhancements to its Peakon Employee Voice platform, enabling managers to better understand and support employees through real-time insights and actionable recommendations. These innovations, s
Product NewsReejig Releases Workforce Reinvention Blueprint, Proprietary Data Guiding Leaders to Bold and Responsible AI Implementation
Reejig , a global leader in workforce intelligence, has unveiled its Workforce Reinvention Blueprint , a first-of-its-kind analysis providing actionable insights into how AI can reshape industries. Drawing on over 130 million job records an
Venture CapitalCanada-Based HiringBranch Raises CAD 5M Series A to Disrupt Recruitment with Soft Skills AI
HiringBranch , an AI-driven platform specializing in soft skills assessment, has raised CAD 5 million in Series A funding led by Crédit Mutuel Equity, with contributions from Export Development Canada and Anges Québec. The funding will supp
Product NewsTalroo Launches Apply Intelligence™: Redefining AI-Powered Recruitment
Talroo has unveiled Apply Intelligence™, a groundbreaking suite of free AI-based features aimed at transforming the hiring process for employers and enhancing the job search journey for candidates. Leveraging advanced AI tools like SmartMat
Product NewsRemote Unveils AI-Powered Recruit AI to Tackle Global Hiring Challenges
Remote has unveiled Recruit AI , a groundbreaking AI-driven hiring solution designed to tackle the complexities of global recruitment. With "Matches," an intelligent candidate matching tool, the platform identifies top talent worldwide by a
Venture CapitalAlliant Insurance Services Acquires Union First, Expanding Its Benefits Solutions for Public Safety Associations
Alliant Insurance Services has acquired Union First , a firm specializing in benefits consulting and administration for public safety professionals. Joining Alliant’s Employee Benefits Group in the West Region, Union First brings expertis
ColumnADP National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay was Up 4.8%
The November ADP National Employment Report reveals a 146,000-job increase in the private sector, with annual pay up by 4.8% year-over-year. This independent report, derived from anonymized payroll data from over 25 million employees, offer
Venture CapitalAya Healthcare to Acquire Cross Country Healthcare for Approximately $615 Million in Cash
Aya Healthcare is set to acquire Cross Country Healthcare in a $615 million all-cash transaction, offering a 67% premium per share. This strategic move will integrate Cross Country’s 40-year expertise with Aya’s market-leading technology an
Venture CapitalCoachHub Secures €40M in Growth Financing from HSBC Innovation Banking UK to Fuel AI Innovation and Product Expansion
CoachHub , a global leader in digital coaching, has secured €40 million in growth financing from HSBC Innovation Banking UK. This funding will drive advancements in artificial intelligence (AI) and product expansion, enabling CoachHub to en
Product NewsWEX Launches Two AI Pilots for Benefits Administration
WEX has introduced two AI-powered solutions, Benefit Assistant and BeneFITwise Premier, within its benefits administration platform, My Benefit Express . These pilots aim to streamline benefits decision-making for employees while reducing H
Venture CapitalGermany’s zvoove Acquires Netherlands-Based Online Results, Driving Global Innovation in Recruitment Marketing
Germany-based zvoove has acquired Netherlands-based recruitment marketing firm Online Results , integrating their innovative Falcon SaaS platform into zvoove's ecosystem. This move strengthens zvoove's end-to-end solutions for temporary sta
Venture CapitalProProfs Acquires HR & Performance Goals Management Software PeopleGoal
ProProfs has acquired PeopleGoal , a performance management platform known for enhancing employee engagement and productivity. This strategic acquisition broadens ProProfs’ HR solutions suite, integrating tools for goal setting, performan
Product NewsPaychex Introduces HR Analytics Premium Plus Solution with Built-in GenAI Capabilities
Paychex has launched HR Analytics Premium Plus, an advanced solution integrating generative AI insights to empower SMBs with enterprise-level workforce analytics. This enhanced offering within the Paychex Flex platform combines benchmarking
Company NewsRandstad Digital launches Salesforce Novelty Hub
Randstad Digital , in collaboration with Salesforce, has launched the Salesforce Novelty Hub, an innovative solution designed to address the challenges faced by Global Capability Centers (GCCs). This initiative provides a roadmap for establ
Venture CapitalCiphr Acquires Avantus to Revolutionize UK Employee Benefits and Enhance HR Solutions
Ciphr Group, a leading HR software provider in the UK, has acquired Avantus , an established employee benefits platform serving over 400 businesses globally. The acquisition enhances Ciphr’s offering by integrating Avantus' customizable pla
Company NewsPeople Analytics Teams Still Struggle to Deliver Business Impact, Warns The Josh Bersin Company
A new study by The Josh Bersin Company highlights the challenges facing People Analytics teams worldwide. Despite increasing investments, only 10% of teams deliver high-level business impact. To avoid marginalization, experts urge a shift t
Venture CapitalUK-Based Adzuna Acquires Seiza to Dominate Social Media Recruitment in Europe and North America
Adzuna , the global job search engine, has acquired Seiza , a leading platform in social media recruitment advertising. This strategic move enables Adzuna to revolutionize recruitment by combining Seiza’s expertise in engaging over four bil
Venture CapitalRecruiter.com Acquires bountyJobs to expand total talent solutions
Recruiter.com has acquired BountyJobs , a recruitment marketplace known for connecting employers with third-party recruiters, to strengthen its position as a comprehensive total talent solutions provider. This strategic acquisition enhances
Venture CapitalJobGet Acquires Snagajob, Creating the Largest Hourly Workforce Job Platform in the U.S.
JobGet has acquired Snagajob , creating the largest hourly workforce job platform in the U.S., connecting over 100 million workers with millions of job opportunities in industries like food service, retail, and healthcare. The acquisition e
Company NewsUKG Unveils Bryte AI Agents and Capabilities to Transform Employee Experiences for the UKG Pro HCM suite
UKG has introduced UKG Bryte™ AI Agents within its Pro HCM suite, leveraging advanced AI like Large Action Models to automate complex processes and enhance workplace experiences. These agents, focusing initially on compliance and talent man
Product NewsUKG Launches AI-powered Talent Marketplace Solution to Optimize Skills Development and Close Critical Labor Gaps
UKG has launched the UKG Pro Talent Marketplace, an AI-driven solution to help companies manage internal talent and tap into external gig resources. Designed for both frontline and knowledge workers, the platform empowers employees with too
Venture CapitalOyster’s Specialized Global Employment Platform Attracts New Funding From ServiceNow Ventures
Oyster, a leading global employment platform, recently secured new funding from ServiceNow Ventures, enhancing its ability to support cross-border hiring and simplify complex global employment needs. This latest investment, part of Oyster’s
EarningsUpwork’s Q3 2024 Financial Results: $193.8M Revenue, Record Net Income of $27.8M, and 22% Adjusted EBITDA Margin
Upwork reported strong financial performance in Q3 2024, achieving a 10% year-over-year revenue increase, with GAAP net income reaching a record $27.8 million and adjusted EBITDA at $43.2 million. The company raised its full-year guidance a
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