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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Sprockets Expands Workforce Solutions with HourWork Acquisition: A New Era for Hourly Worker
Sprockets , an AI-powered hiring solution, has acquired HourWork , a leading platform specializing in post-hire engagement and retention. This acquisition aims to enhance Sprockets' product offerings, covering every stage of the employment
Product NewsPaychex Announces Employee Engagement Solution
Paychex, Inc. , has launched Paychex Flex® Engage, a comprehensive employee engagement platform designed to enhance collaboration and performance management across diverse workforces. This solution integrates features such as employee engag
Venture CapitalCuraLinc Healthcare Secures Strategic Investment to Expand Mental Health Services
CuraLinc Healthcare, a leading provider of workforce mental health and employee assistance programs (EAP), has secured a strategic investment from Lightyear Capital, a New York-based private equity firm. This partnership aims to fuel CuraLi
Venture CapitalPayoneer Expands Global Footprint with Strategic Acquisition of Skuad for $61 Million
Payoneer, a global leader in cross-border payment solutions, has announced its acquisition of Singapore-based HR and payroll startup Skuad for $61 million. This strategic move is aimed at strengthening Payoneer's position in the global fint
Venture CapitalUK's CloudPay Secures $120M to Revolutionize Global Payroll with AI and Automation
CloudPay , a leading global payroll and payment solutions provider, has secured $120 million in funding led by Blue Owl Capital, with participation from existing investors Rho Capital Partners, The Olayan Group, and Hollyport Capital. This
Venture CapitalZipRecruiter Acquires People-Powered Job Comparison Site Breakroom
ZipRecruiter has acquired Breakroom, a UK-based employer review platform focused on frontline industries. ZipRecruiter plans to launch Breakroom in the U.S., providing job seekers with transparent insights on pay, work conditions, and cultu
Company NewsmeQuilibrium Revolutionizes Employee Mental Well-Being and Productivity with Gen AI
meQuilibrium ( meQ ) has introduced a new AI-powered dashboard designed to support employee performance, engagement, and well-being by providing immediate, personalized interventions. Leveraging billions of unique cognitive and behavioral d
Product NewsRevelio Labs launches COSMOS, the most comprehensive job postings dataset available
Revelio Labs has unveiled COSMOS, the most extensive job postings dataset globally, encompassing over 2 billion postings from 5.25 million companies in more than 100 languages. Sourced from employer websites, job boards, and staffing firms
Company NewsAdecco Group Reports Resilient Q2 2024 Performance Amid Market Challenges
The Adecco Group reported a Q2 2024 revenue of €5.84 billion , down 2% on an organic and trading days adjusted basis, reflecting market challenges. Despite a 5% drop in gross profit, cost savings measures helped maintain a stable EBITA marg
Company NewsNetchex Launches Community: An Employee Recognition & Engagement Platform to Build Team Cohesion
Netchex has launched Community, an innovative employee recognition and engagement platform aimed at boosting morale and fostering connections within organizations. Integrated into the Netchex application, Community offers features like pers
Product NewsNFP Launches Totalis Benefits - Life, Absence and Disability Expertise for Employers - and Welcomes Nate Schoedel to Lead It
NFP , an Aon company and a prominent broker and consultant in the insurance and benefits sector, has introduced Totalis Benefits, a new national employee benefits practice. Totalis Benefits will provide specialized expertise in life, absenc
Company NewsTrueBlue Reports Second Quarter 2024 Results
TrueBlue reported its second quarter 2024 results, highlighting a challenging market environment marked by economic uncertainty and client caution. Revenue for the quarter was $396 million, down 17% from the previous year. The company incur
Venture CapitalSkillfully Secures $2.5 Million in Seed Funding to Revolutionize Recruitment
Skillfully , a pioneer in simulation-driven hiring solutions, has secured $2.5 million in seed funding led by Better Ventures. This funding will enhance Skillfully's platform, which uses advanced AI tools and a modern skill taxonomy to revo
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20
Company NewsWorkday Transforms How Companies Hire and Manage Talent with New AI-Powered HR Solutions
Workday has announced the integration of HiredScore AI for Recruiting and Talent Mobility into its platform, aiming to boost recruiter productivity and streamline talent management. These AI enhancements will assist organizations in acceler
EarningsFiverr Announces Second Quarter 2024 Results
Fiverr International Ltd. reported solid Q2 2024 financial results, showcasing resilience amid macroeconomic volatility. Key achievements include revenue exceeding guidance midpoints, strong Adjusted EBITDA, and robust free cash flow. Fiver
Venture CapitalWorkJam Announces $20 Million Investment from Export Development Canada to Expand International Operations
WorkJam , a global leader in digital frontline workplace solutions, has secured a $20 million investment from Export Development Canada to accelerate its growth in the EMEA region. This funding will support WorkJam's efforts to equip hourly
EarningsDayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase
Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil
Venture CapitalLightBay Capital Makes Strategic Investment in Questco, a National Leader in Outsourced HR Services
LightBay Capital has made a strategic investment in Questco, a leading professional employer organization (PEO) specializing in outsourced HR services. This partnership aims to support Questco’s growth through direct sales efforts, acquisit
Venture CapitalFiverr Deepens eCommerce Solutions with Acquisition of Leading Dropshipping Automation Tool AutoDS
Fiverr has announced its acquisition of AutoDS, a subscription-based platform providing comprehensive solutions for dropshippers, including product research, inventory management, and automated fulfillment. AutoDS serves tens of thousands o
Product NewsCangrade Launches Innovative Candidate Matching and Internal Talent Marketplace for Enhanced Recruitment and Employee Engagement
Cangrade has unveiled two groundbreaking products, Candidate Matching and Internal Talent Marketplace, designed to revolutionize recruitment efficiency and employee engagement. These AI-driven tools optimize talent acquisition and interna
Company NewsUKG Names Jennifer Morgan as Chief Executive Officer
UKG, a leading provider of HR, payroll, workforce management, and culture solutions, has appointed Jennifer Morgan as its new CEO. Morgan, a former Co-CEO of SAP and a member of UKG's Board of Directors since 2021, succeeds Chris Todd, who
Product NewsNetchex Unveils 'Insights' -- Transforming HCM Data Effortlessly into Actionable Stories for HR & Finance Teams
Netchex has launched 'Insights,' a data platform designed to simplify data analysis for HR and Finance professionals. This tool enables users to transform raw data into actionable insights without requiring technical expertise. 'Insights' f
Product NewsAya Healthcare Introduces LotusOne, a Complete Technology Platform to Manage External Labor and Optimize Employed Talent
Aya Healthcare , the largest healthcare talent software and staffing company in the U.S., has launched LotusOne, a comprehensive workforce optimization platform designed to enhance the management of external labor and the planning, sourcing
Company NewsSalesforce and Workday Form Strategic Partnership, Unveil New AI Employee Service Agent
Salesforce and Workday have announced a strategic partnership to develop an AI-powered employee service agent that enhances productivity, lowers costs, and improves employee experiences. By integrating Salesforce's CRM data with Workday's H
Venture CapitalPassionfruit Closes $9m Series A Funding to Scale its Platform for Independent Work
Passionfruit , a London-based start-up founded in 2022, has secured $9 million in Series-A funding from prominent investors, including Seaya, Firstminute, and Playfair Capital. The platform connects freelance workers with companies such as
Venture CapitalWorkstaff closes $1.6M CAD in seed funding for the next phase of its workforce management software
Workstaff , a Montreal-based provider of workforce management tools, has secured $1.6M CAD in seed financing from Impulsion PME and Anges Québec. This investment will facilitate Workstaff’s global expansion and enhance its platform, which a
Product NewsOracle Helps HR Teams Boost Employee Productivity and Drive Success
Oracle has introduced new user experience capabilities within Oracle Fusion Cloud Human Capital Management (HCM) , known as Oracle Activity Centers . These centers, designed with Oracle's Redwood user experience, are tailored for employees,
Product NewsFiverr Shows Its Transformation From a Services Marketplace to a Hiring Platform With Its 2024 Summer Product Release
Fiverr is expanding its platform from a services marketplace to a comprehensive hiring solution with its new summer product release. This includes deeper AI integration with Fiverr Neo, a new professions catalog, hourly rate options, and sa
Venture CapitalCultureAI Secures $10M to Transform Human Risk Management in Cybersecurity
CultureAI, a leading Human Risk Management Platform, secured $10 million in Series A funding led by Mercia Ventures and Smedvig Ventures, with continued support from Passion Capital and Senovo. Despite extensive investments in security trai
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