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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Eightfold 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
Venture CapitalWorky 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
Product NewsSense Announces Conversational Voice AI for Recruiting
Sense has unveiled its latest innovation, Sense Conversational Voice AI, which integrates with the company's existing Recruiting Automation, Chatbot, and Messaging products. This new technology automates candidate outreach, screening, and s
Product NewsServiceNow unveils new AI-powered capabilities to help improve employee experiences, supercharge talent development, and optimize in-person work
ServiceNow announced new AI-powered enhancements at Knowledge 2024, aimed at improving talent development and optimizing workplace collaboration. These include integrating AI into learning experiences to better understand skills and suppo
EarningsFirst Advantage Reports First Quarter 2024 Results
First Advantage Corporation reported its Q1 2024 financial results, showing revenues of $169.4 million and a net loss of $2.9 million due to acquisition-related costs. The company announced an adjusted net income of $24.8 million and adjust
EarningsDocebo Reports First Quarter 2024 Results
Docebo Inc., a leading AI-based learning platform provider, reported strong financial performance for Q1 2024. The company highlighted significant growth in subscription revenue and profitability, with total revenue reaching $51.4 million,
Product NewsSense AI Products Pass Bias Audit Conducted by Holistic AI
Sense , a leader in AI-driven talent engagement, has announced that its AI Chatbot and Candidate Matching products passed a bias audit by Holistic AI. This audit ensures compliance with New York City's Local Law 144, which mandates bias aud
Venture CapitalIn-House Health Raises $4 Million Seed Round, Unveils AI-Powered Scheduling Platform to Combat Nurse Shortage Crisis
In-House Health , co-founded by Ari Brenner, Sergey Vasilenko, and Shachar Har Zvi, has launched an AI-driven scheduling and management platform designed to revolutionize nursing team operations. The platform, which aims to improve the nurs
Product NewsTalroo Releases AutoPilot for Talent Acquisition Teams and Recruiters That Uses Real-Time Data to Find Qualified Talent Audiences
Talroo has introduced AutoPilot Smart Bidding, a groundbreaking recruitment technology enhancing job visibility and reducing hiring costs. Leveraging an AI-driven engine, it offers real-time data analysis to optimize job placements and attr
Venture CapitalServiceNow acquires Advance Solutions IP to enhance talent acquisition experience
ServiceNow has acquired Intella, an end-to-end talent acquisition solution from Advance Solutions Corp., to enhance its Now Platform. This acquisition streamlines the recruitment, hiring, and onboarding processes, integrating these function
EarningsPaycor Announces Third Quarter Fiscal Year 2024 Financial Results
Paycor HCM , Inc., a leader in human capital management software, reported significant growth in its Q3 fiscal year 2024 results. Total revenues reached $187.0 million, a 16% increase year-over-year, with recurring revenue growing to $172.0
Product NewsCornerstone Redefines Learning and Talent Management with Launch of AI-Powered Workforce Agility Platform, Cornerstone Galaxy
Cornerstone OnDemand announced the launch of Cornerstone Galaxy, a comprehensive AI-powered platform designed to bridge the growing workforce readiness gap. This platform facilitates organizational transformation by identifying skill shorta
EarningsHireRight Reports First Quarter 2024 Results
HireRight Holdings Corporation reported its Q1 2024 financial results, revealing a slight decrease in revenue to $173.2 million from $175.4 million the previous year, and a net loss of $3.3 million, an improvement over last year's $7.9 mill
Company NewsNew Generation of AI Platforms Set to Revolutionize the $200 Billion HR Technology Market, Says Josh Bersin Company
The Josh Bersin Company has unveiled a significant shift in HR technology with the rise of Enterprise Talent Intelligence systems. These AI-driven platforms, moving beyond mere talent acquisition, now encompass career development, leadershi
EarningsHeidrick & Struggles Reports Strong Q1 2024 Earnings, with Strategic Acquisitions Boosting Growth
Heidrick & Struggles International, Inc. reported an 11% year-over-year increase in quarterly revenue, totaling $265.2 million for Q1 2024. The company also declared a quarterly cash dividend of $0.15 per share. Despite the acquisitions of
Venture CapitalDocusign Accelerates Intelligent Agreement Management with Lexion Acquisition
Docusign has announced the acquisition of Lexion, a leader in AI-powered agreement management software, for $165 million in cash. Lexion's technology enhances the contract process by enabling faster drafting, negotiation, and review, and in
Product NewsNexxt.com Unveils Cutting-Edge Candidate Search and Recruitment Automation Solutions
Nexxt.com , a pioneer in HR technology, has launched the Nexxt Talent Sourcing Platform, aiming to revolutionize talent acquisition with advanced automation. This innovative solution addresses the dissatisfaction of 75% of companies with cu
Venture CapitalKelly enters agreement to acquire specialty talent solutions company, Motion Recruitment Partners, LLC
Kelly , a leading global talent solutions provider, has announced a significant agreement to acquire Motion Recruitment Partners, LLC (MRP), a specialty talent solutions company. This transformative acquisition aims to bolster Kelly's scale
Venture CapitalMedRisk Agrees to Purchase Casualty Claims Solutions Business from Conduent
MedRisk, a leader in managed physical rehabilitation for workers' compensation, has agreed to acquire the Casualty Claims Solutions business from Conduent, including Strataware products. This acquisition encompasses services like workers' c
EarningsPaylocity Announces Third Quarter Fiscal Year 2024 Financial Results
Paylocity Holding Corporation reported strong financial results for Q3 of fiscal year 2024, with a significant 18% increase in total revenue, reaching $401.3 million. Recurring and other revenues also rose by 17%, totaling $366.8 million. A
EarningsUpwork Reports First Quarter 2024 Financial Results
Upwork Inc. reported a robust Q1 2024 with a significant increase in net income to $18.4 million and Adjusted EBITDA to $33.3 million, marking substantial improvements from the previous year. The company announced a 19% year-over-year reven
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
Product NewsPhenom Releases Massive Wave of HR Tech Innovation: Talent Experience Engine, Next-GenAI Agents, New Platform Experiences, and Updates for Talent Acquisition and Talent Management
Phenom has unveiled a significant update to its HR tech offerings during the IAMPHENOM 2024 Product Innovation Keynote in Philadelphia. The update introduces several new features aimed at enhancing talent acquisition and management. These i
EarningsTriNet Announces First Quarter 2024 Results
TriNet Group, Inc. reported its Q1 2024 financial results, highlighting a modest revenue increase to $1.3 billion and a 4% growth in professional service revenues. Despite challenging economic conditions, the company achieved a net income o
Venture CapitalDaxtra Acquires Leading Talent Acquisition Communications Hub PivotCX
Daxtra , a leader in AI-powered recruitment solutions, has acquired Indianapolis-based PivotCX, known for its talent acquisition and HR communications hub. The merger integrates PivotCX’s communication tools into Daxtra’s suite, enhancing t
Product NewsCrosschq Launches Insights, First-of-its-Kind Recruiting Analytics and Quality of Hire Engine
Crosschq, the pioneer in Hiring Intelligence, has launched "Crosschq Insights," a revolutionary recruiting analytics platform designed to enhance the Quality of Hire. This new tool integrates data from various sources, including ATS, HRIS,
Venture CapitalShiftMed Acquires CareerStaff Unlimited MSP to Expand Leading Digital On-Demand Nursing Platform
ShiftMed, a leader in on-demand workforce technology, announced the acquisition of CareerStaff Unlimited from Genesis HealthCare. This move expands ShiftMed's digital healthcare staffing capabilities and includes a seven-year exclusive agre
Venture CapitalHR Path Acquires GroupeX, leading HCM provider in North America
HR Path Group announced its acquisition of Toronto-based GroupeX Solutions, a key move to strengthen its presence in North America and enhance its HRIS consulting capabilities. GroupeX, known for its partnerships with major software vendors
Company NewshireEZ and IQTalent Partner to Include On-Demand Recruiting Staff With Sourcing and CRM Platform
hireEZ, a CRM platform tailored for recruiters, has formed a strategic partnership with IQTalent, a leader in full-cycle talent acquisition. This collaboration brings together hireEZ's technological solutions and IQTalent's recruitment expe
Product NewsHiBob Introduces an Integrated Applicant Tracking System for Strategic Hiring
HiBob introduces "Bob Hiring," a sophisticated Applicant Tracking System integrated into the wider HR platform, Bob. This new system, launched in New York and London, combines candidate, employee, and business data to facilitate informed d
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