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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Paychex, 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,"
Venture CapitalFreelance.ca Acquires Workhoppers: A Major Leap in the Canadian Freelance Market
Freelance.ca, an emerging leader in the Canadian freelance market, has successfully acquired Workhoppers, a renowned Canadian freelancer platform. This strategic move bolsters freelance.ca's market position, enhancing its service offerings
Venture CapitalToptal Acquires Growth Collective: A New Era in Freelance Marketing
Toptal , the world's largest fully remote workforce, launched Toptal Marketing at Cannes Lions 2024, expanding its services to include world-class marketing talent. This launch is complemented by Toptal's acquisition of Growth Collective, a
Product NewsHireClix Announces Social Media Management Services for Employer Branding
HireClix , a leading recruitment marketing services company, has launched its new Social Media Management Services to enhance employer branding and candidate engagement across digital channels. These services aim to help organizations attra
Product NewsCulture 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
Venture CapitalHueman Acquires PrincetonOne: A New Era of Specialized RPO Services
Hueman People Solutions, a leading recruitment process outsourcing (RPO) and talent acquisition firm, has acquired PrincetonOne, a notable RPO provider with expertise in the Pharmaceutical, Biotech, Life Sciences, Manufacturing, and Indus
Venture CapitalZRG 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
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,
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
EarningsKorn 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
Venture CapitalMercer 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
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
Venture CapitalClearCompany Acquires Brainier Solutions, Inc., an Industry Leader in Customizable Learning Management Solutions
ClearCompany, a leading talent management platform, has announced the acquisition of Brainier Solutions Inc., a pioneer in cloud-based learning management systems. This strategic move underscores ClearCompany’s commitment to integrating lea
Venture CapitalCvent Acquires Reposite to Expand its Global Vendor and Supplier Sourcing Marketplace
Cvent, a leader in meetings, events, and hospitality technology, has acquired Reposite, an AI-driven vendor sourcing platform. Reposite enhances Cvent’s offerings with a robust database of over 35,000 vendors and innovative tools like AI-po
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 CapitalChronus Acquires Imperative to Help Employers Tackle Missing Driver of Employee Engagement - A Sense of Purpose
Chronus , an employee development platform specializing in mentorship and ERG management, has acquired Imperative, a platform focused on employee engagement through meaningful 1:1 conversations. This acquisition aims to address employee eng
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
Company NewsWorkTango 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
Venture CapitalAshby 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
Company NewsPlum Teams Up with hireEZ to Improve Recruiting Outcomes Through Job Matching
Plum and hireEZ have announced a strategic partnership aimed at revolutionizing talent acquisition and management. By combining Plum's psychometric solutions and hireEZ's AI-driven talent acquisition platform, this collaboration provides or
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
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
Venture CapitalCornerstone Accelerates Jobs-to-Skills Transformation with SkyHive Acquisition
Cornerstone OnDemand Inc. announced its acquisition of SkyHive Technologies' workforce skills intelligence capabilities and expert team. This move enhances Cornerstone's skills transformation offerings, integrating SkyHive's AI-powered plat
ColumnhireEZ Partners With Leading Job Boards, Introduces 'Sourcing Hub' Feature
hireEZ has introduced Sourcing Hub, a new platform feature providing direct access to candidate profiles from job boards like Monster, Resume-Library, and CV-Library. This innovation integrates active talent from these job boards with hireE
Venture CapitalPowerToFly 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
Company NewsJosh 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
Product NewsHarri 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
Company NewsRandstad Digital Acquires Torc, the AI-powered Digital Talent Marketplace
Randstad NV, the world's leading talent company, announced the acquisition of Torc, an AI-powered talent marketplace platform. This acquisition aims to strengthen Randstad Digital's capabilities in providing global digital talent, particula
Product NewsEightfold 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
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