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Venture Capital

North Carolina-based CongruityHR acquires JanusHR, a Florida-based PEO

WINSTON-SALEM, N.C. and TAMPA, Fla., April 04, 2023  -- CongruityHR (“Congruity”) , a North Carolina-based, leading outsourced HR solutions provider, announced today its acquisition of JanusHR, a Tampa-based provider of comprehensive, perso

Apr 4, 2023
Company News

TriNet Unveils New Identity that Underscores Position as the Ideal Platform for Small and Medium-Size Businesses

Company Also Announces Launch of  New People Matter Advertising Campaign Featuring Creative Work by  Iconic Photographer Annie Leibovitz, Award-Winning Documentarian Galen Summer, and Distinguished Film and Commercial Director Andrew De Zen

Apr 3, 2023
Company News

Fortune Names UKG One Of America’s Most Innovative Companies

MARCH 30, 2023/--Fortune has named  UKG , a leading provider of HR, payroll, and workforce management solutions for all people, one of America’s Most Innovative Companies. Developed by Fortune and Statista, the inaugural list honors U.S.-ba

Mar 30, 2023
Company News

EY Announces Modernization Of Payroll Employee Care Using ChatGPT In Azure OpenAI

As part of their combined commitment to utilize the most advanced Azure OpenAI technologies in the tax and legal industry, EY announces a deepened strategic collaboration with Microsoft to develop EY Intelligent Payroll Chatbot as part of t

Mar 29, 2023
Company News

Deel and Zapier Partner to Make Global HR Admin Work Easier

MARCH 30, 2023/-- Deel  is a privately-held payroll and compliance provider based in San Francisco, California. The company provides hiring and payments services for companies hiring international employees and contractors. Over the past fe

Mar 29, 2023
Venture Capital

Germany-based zvoove Group Acquires ProSolution to further expand its portfolio by adding horizontal SaaS solutions

zvoove Group expands portfolio and underlines its status as the leading SaaS provider of personnel services software in Europe Lohne/Schaanwald (Liechtenstein), 02 March 2023  - The zvoove Group, the market-leading provider of software for

Mar 23, 2023
Company News

A leader in HR technology PrismHR Raise The Bar At PrismHR LIVE 2023

MARCH 22,2023/ -- PrismHR , the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced details about its annual event, PrismHR LIVE . Being held at the JW Marriott in Austin, Texas,

Mar 22, 2023
Wellbeing

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

ROCHESTER, N.Y. ,  March 22, 2023  -- Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that  Mental Health America

Mar 22, 2023
Product News

Hireology Announces New AI Assistant, Becoming the First ATS to Harness the Power of ChatGPT

CHICAGO, March 21, 2023 --  Hireology , the leading provider of all-in-one hiring and HR software, today announces Beaker, its AI-powered recruiting assistant. The tool can generate high-quality job descriptions in a matter of seconds, empo

Mar 22, 2023
Venture Capital

Rain Instant Pay Closes Historic Funding, $116M Total in Series A

Rain , a provider of financial wellness products that empower and engage employees, announced today that it raised $116 million, encompassing $66 million in equity and $50M in debt. QED Investors and Invus Opportunities led the Series A wit

Mar 21, 2023
Product News

Paylocity Unveils AI Assist™ – Leading the Industry in Integrating Generative AI into HCM Software

Leveraging OpenAI—the developer of ChatGPT—AI Assist Uses Artificial Intelligence to Enable Faster and More Effective Communications Across the Enterprise SCHAUMBURG, Ill., March 21, 2023 -- Paylocity (NASDAQ: PCTY) today announced AI Assis

Mar 21, 2023
Venture Capital

Germany-based Ordio Raises €2.9M in Seed Funding

Ordio , a Cologne, Germany-based startup digitalizing the workforce management and scheduling of companies with shift operations, raised €2.9m in seed funding. Backers included Capnamic & Simon Capital . The seed round was Ordio ’s second f

Mar 20, 2023
HR Technology

Microsoft-Backed HRtech Startup ZingHR Invests In SaaS Startup LokiBots to help enhance its HCM

The investment will help ZingHR leverage its AI-based software bots, conversational AI and document AI to add capabilities and features to its human capital management (HCM) offerings The deal will also enable ZingHR to increase the efficie

Mar 20, 2023
Opinion

Rippling's Swift Crisis Management: A Lesson in Resilience and the Importance of Reliable Partners

In the ever-evolving world of business, a company's ability to adapt and overcome challenges is crucial for long-term success. Recently, Rippling, a workforce management company, found itself in the midst of a financial crisis when Silicon

Mar 18, 2023
Venture Capital

Rippling Attracts $500M Series E Investment from Greenoaks, Upholding $11.25 Billion Valuation Seen in Previous Round

Rippling raises $500M in Series E financing Rippling has raised $500M in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022. This was an unusual round, raised i

Mar 17, 2023
Venture Capital

Wingspan Secures $14 Million in Series A Funding to Boost Payroll and Benefits Platform for Flexible Workforce

NEW YORK, March 16, 2023-- Wingspan , a leading payroll and benefits platform specifically designed for flexible workforces, announced today that it has secured $14 million in Series A funding. This latest round, led by Andreessen Horowitz,

Mar 17, 2023
Company News

HireQuest Reports Financial Results for Fourth Quarter 2022

Q4 2022 Royalty Revenue Grows 26.4% YoY to $7.7 million Q4 2022 Net Income from Continuing Operations Increases 21.0% YoY to $2.6 million GOOSE CREEK, SC / ACCESSWIRE / March 16, 2023 /  HireQuest, Inc. (Nasdaq:HQI), a national franchisor o

Mar 16, 2023
Company News

Updates on the Impact of Silicon Valley Bank's Bankruptcy on Payroll Service Providers

Update: The Fed just approved full protection of all depositors! Everyone will have full access to all of their money starting tomorrow, March 13th. The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companie

Mar 12, 2023
Company News

Rippling calls on FDIC to release payments due to hundreds of thousands of everyday Americans

Background: The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situati

Mar 11, 2023
Company News

Gusto Payroll Processing is Not Impacted by the Silicon Valley Bank Situation

Background: The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situati

Mar 11, 2023
Company News

Wrapbook Update: Our Response to Collapse of Silicon Valley Bank

Background:  The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situat

Mar 11, 2023
Company News

ADP National Employment Report: Private Sector Employment Increased by 242,000 Jobs in February; Annual Pay was Up 7.2%

Private sector employment increased by 242,000 jobs in February and annual pay was up 7.2 percent year-over-year, according to the February  ADP ®  National Employment Report TM  produced by the ADP Research Institute ®  in collaboration wi

Mar 8, 2023
Company News

Paychex Wins 2023 Stevie Award for ERTC Service

Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has won a bronze Stevie ®  Awardfor the company’s Employee Retention Tax Credit (ER

Mar 6, 2023
Company News

Papaya Global Named to Fast Company's Annual List of the World's Most Innovative Companies for 2023

TEL AVIV, Israel ,  March 2, 2023 --  Papaya Global , the SaaS fintech company providing global payroll and payments technology, has been named to Fast Company's prestigious annual list of the  World's Most Innovative Companies  for 2023. T

Mar 3, 2023
Venture Capital

Finch Closes $40M Series B Funding to Connect Disparate HR Systems with a Single API

Finch , a San Francisco, CA-based provider of an API for payroll, HRIS and benefits, today announced that it raised $40M in Series B round led by General Catalyst and Menlo Ventures , with participation from QED Investors, Altman Capital, a

Feb 22, 2023
Earnings

AMN Healthcare Announces Fourth Quarter and Full Year 2022 Results, Revenue Falls 17% in Q4 with Decline in ‘Nurse and Allied Solutions,’ Revenue up in Other Segments

Quarterly revenue of  $1.13 billion , 4% above high end of guidance; GAAP EPS of  $1.88  and adjusted EPS of  $2.48 DALLAS, Feb. 16, 2023 -- AMN Healthcare Services , Inc. (NYSE: AMN), the leader and innovator in total talent solutions for

Feb 16, 2023
Company News

US-based Talent Platform Upwork Expands to Support Full-Time Hiring, Further Unlocking the World’s Work Marketplace for All

New end-to-end hiring solution enables businesses to find, vet, hire and pay global talent for full-time work, with tools to address complexity and risk SAN FRANCISCO, Calif. – February 13, 2023 –  Upwork  (NASDAQ: UPWK), the world’s work m

Feb 13, 2023
Venture Capital

Workday Commits Additional $250 Million Investment Capital to Workday Ventures to Power Technology Innovation

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 t

Feb 7, 2023
Earnings

Paylocity Announces Second Quarter Fiscal Year 2023 Financial Results, Total Revenue up 39% Year-over-year to  $273.0 million

Q 2   2023  Recurring & Other Revenue of  $256.4  million,  up   31%  year-over-year Q 2   2023  Total Revenue of  $273.0  million,  up   39%  year-over-year SCHAUMBURG, Ill., Feb. 02, 2023 -- Paylocity Holding Corporation (Nasdaq: PCTY), a

Feb 2, 2023
Venture Capital

CAVU HCM Acquires Two Payroll Service Companies Continuing its Accelerated Growth

PEORIA, Ill. ,  Feb. 2, 2023  -- Today, CAVU Human Capital Management   (HCM), an emerging provider of technology, payroll, human resources, and workforce management solutions, announced it has acquired ABCS Payroll located in  DuBois, Penn

Feb 2, 2023
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