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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Papaya Global and HiBob Team Up to Integrate HR and Payroll Management for Multinational Businesses
LONDON and TEL AVIV, Israel -- HiBob , the company behind Bob, the modern HR platform that powers productivity, engagement and retention, and Papaya Global , the only dedicated payroll and payments platform for global workforces, annou
Company NewsSurveySparrow Launches New Employee Success Platform to Transform Workplace
PALO ALTO, Calif., August 31, 2023 - SurveySparrow , the world's first chat survey software, today announced the launch of ThriveSparrow , a product solely dedicated to empowering organizations to improve their employee experience processes
Product NewsCulture Amp Announces Partnership with Pave: Elevating Compensation Management for Businesses Worldwide
MELBOURNE and SAN FRANCISCO and NEW YORK and LONDON -- Culture Amp , the leading employee experience platform, today announces a partnership with Pave , the category-leading compensation management software company. This strategic all
Venture CapitalSan Francisco-based HRTech Firm Confirm Secures $6.2M in Series A to Revolutionize Performance Reviews
In a move that underscores the growing need for data-driven and unbiased performance reviews, Confirm has successfully raised $6.2 million in Series A funding. The round, led by Spero Ventures and featuring participation from SHRMLabs and o
Company NewsEngagedly Launches HR AI Help Desk for HR Policies and Resources Library
LOUIS, Aug. 29, 2023 -- Engagedly , the pioneering provider of AI-powered cloud-based talent management software for Performance, Learning & Development, and Employee Engagement solutions, is thrilled to introduce an innovative enhancement
Company NewsWorkhuman Adds Hundreds of Thousands of Activities, Travel, and Accommodation Options to World Class Store with In-Store Booking Functionality
Framingham, MA and Dublin – August 29, 2023 – Workhuman , the company revolutionizing how employees celebrate, connect with, and appreciate each other in the workplace, has added In-Store Booking functionality to its world class Store. Empl
Venture CapitalTeamSense Secures $4 Million in Funding to Revolutionize Communication for Hourly Manufacturing Workers
TeamSense, a Seattle-based company that has developed an app-free platform for hourly employees in the manufacturing sector. The platform allows these "deskless" workers, who make up 70-80% of the global workforce, to manage attendance, com
Company NewsWorkstream Launches HR Management Platform for the Hourly Workforce to Streamline Back-Office and Team Operations
In a move to revolutionize HR management for the hourly workforce, Workstream has rolled out a comprehensive suite of team management products. Tailored for the quick-service restaurant industry and other sectors reliant on hourly workers,
Venture CapitalGympass Raises $85 Million in Series F Funding at $2.4 Billion Valuation, Strengthens Position as the Leading Global Corporate Wellness Platform
Funding comes in a record year for Gympass, as it nearly doubled its customer base to more than 15,000 and surpassed two million employee subscribers across its network of more than 50,000 partners Gympass delivers the best network of gyms,
Company NewsGrokker Launches Guides, a New Employee Benefit Solution With a Preventative Approach to Mental Health Care
SAN JOSE, Calif., Aug. 17, 2023 -- Corporate wellbeing provider Grokker announced the launch of Grokker Guides – an evidence-based, approachable digital mental health solution for the workplace. Grokker Guides are 30-day cohorts run by
Product News2023 HR Tech Market Map-One Glance at the Global HR Tech Market, Easy with DHRmap ( Newest Release on August 18, 2023)
August 18, 2023, Dallas ,Global innovative HR tech media and platform DHRmap has released its newest version of the DHRmap market map for global HR professionals. Designed to enhance HR efficiency, it enables a quick understanding of the dy
Company NewsMacorva Announces the Launch of Macorva MX, an AI-powered Performance Management Tool
HOUSTON -- Performance management is a critical business function, but it is often time-consuming and tedious for managers. Macorva , a leader in employee and customer experience solutions, is tackling this challenge head-on with the laun
Company NewsSetting the Record Straight: Deel Responds to Inaccurate Claims
Deel , a global HR admin platform, has recently found itself at the center of several inaccurate claims made against the company. In a statement released on their blog, Deel addresses these allegations, aiming to clear up any misunderstandi
Venture CapitalLMS365 Acquires Weekly10 to Expand on Their Learning and Performance Capabilities
AARHUS, Denmark - LMS365 , the leading AI-powered learning platform integrated with Microsoft 365, announces its acquisition of Weekly10 , a dynamic performance and engagement management company based in Wrexham, UK. This strategic move mar
Product NewsKohlberg & Company, LLC announced a strategic partnership with Engage PEO: Acquire a Majority Stake
MOUNT KISCO, N.Y. & NEW YORK– Kohlberg & Company, LLC (“Kohlberg”) today announced a strategic partnership with Engage PEO (“Engage” or “the Company”), a leading professional employer organization (“PEO”) providing HR outsourcing solutions
EarningsPaylocity Announces Fourth Quarter and Full Fiscal Year 2023 Financial Results
SCHAUMBURG, Ill., Aug. 03, 2023 -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, announced financial results for the fourth quarter and full fiscal year 2023, which ended
Venture CapitalADP Acquires Sora: A Game-Changer in HR Workflow Automation
Advanced data integration and unified workflow experience simplifies complex HR processes for companies of all sizes ROSELAND, N.J. , Aug. 3, 2023 ADP ® , a global technology company providing human capital management (HCM) solutions, tod
Venture CapitalAxuall Raises Series B-1 from Frist Cressey Ventures Which Backs Its Rapid Expansion
CLEVELAND, August 2, 2023 -- Axuall has announced the addition of First Cressey Ventures to its investor family with a Series B-1 investment following the company’s Series B funding in May 2023. Axuall has raised over $41 million from a com
Product NewsPerceptyx Acquires Behavioral Science Pioneer Humu to Close the Gap Between Employee Insights and Action
The acquisition of Humu by Perceptyx is a significant milestone in the HR Tech industry. This move combines the strengths of two innovative companies, creating a powerful synergy that promises to revolutionize the way organizations understa
Product NewsTriNet Group, Inc. Announces Plans to Launch a $1 Billion Fixed Price Tender Offer and Repurchase From Atairos, Each at A Cost of $107 Per Share of Common Stock
Dublin, CA — July 31, 2023 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive and flexible human capital management (HCM) solutions for small and medium-size businesses (SMBs), announced its plan to launch a fixed price
Company NewsIMocha Launches AI-Powered Skills Intelligence Cloud to Enable Enterprises to Transition to Skills-First Talent Management
ASHBURN, Va. and PUNE, India , July 26, 2023 -- iMocha , a leading SkillsTech platform today launched its Skills Intelligence Cloud, an AI-powered platform to revolutionize enterprise hiring, talent management, internal mobility, and wo
Company NewsIgniteTech Debuts CoPilot, a GenAI Assistant for an Employee Experience Platform Jive
CoPilot, IgniteTech's innovative new feature for Jive, is a GenAI-powered assistant for mining content AUSTIN, Texas , July 26, 2023 -- IgniteTech™, the company "Where Software Goes to Thrive™", announces the launch of Jive CoPilot™, a b
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.
Company NewsA Compensation and Performance Management Platform beqom Launches AI-Based Pay Prediction Solution to Aid Compensation Decision-Making
NYON, SWITZERLAND— beqom , a provider of compensation and continuous performance management cloud solutions, has released a Pay Prediction solution that uses advanced Machine Learning (ML) capabilities to help HR and managers make data-driv
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
Company NewsA Human Transformation Company BetterUp Partners with the Employee Experience Platform Microsoft Viva to Drive Peak Performance and Well-Being for Millions in the Workplace
BetterUp unlocks human transformation to supercharge workplace performance, purpose, and productivity through new integration with Microsoft Viva San Francisco, CA – July 18, 2023 – BetterUp® , the human transformation company, today ann
ColumnHow an Increasingly Competitive Job Market Is Impacting the Employee Experience in 2023
We're in a different labor market, with fewer job requisitions and increased competition among job seekers. Read on to learn how to attract top talent and cultivate higher levels of employee resilience in this new environment. Organizations
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
Product NewsGoHappy, the Fast-Growing Frontline Employee Engagement Platform, Expands Operations to Canada
RICHMOND, Va. goHappy , America’s leading provider of frontline employee engagement solutions, is excited to announce its expansion into Canada. With its unique platform and commitment to fostering more engaged and connected frontline wor
Company NewsNelsonHall Names Paylocity a Leader in its 2023 Next-Generation HCM Technology NEAT Report
SCHAUMBURG, Ill., July 13, 2023-- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, has achieved a Leader ranking in NelsonHall's 2023 Next-Generation HCM Technology NEAT report for both the Smal
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