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Venture Capital

Sprockets 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

Aug 13, 2024
Product News

Paychex 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

Aug 13, 2024
Venture Capital

CuraLinc 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

Aug 12, 2024
Venture Capital

Payoneer 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

Aug 9, 2024
Venture Capital

UK'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

Aug 8, 2024
Venture Capital

ZipRecruiter 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

Aug 7, 2024
Company News

meQuilibrium 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

Aug 7, 2024
Product News

Revelio 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

Aug 7, 2024
Company News

Adecco 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

Aug 6, 2024
Company News

Netchex 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

Aug 6, 2024
Product News

NFP 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

Aug 6, 2024
Company News

TrueBlue 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

Aug 5, 2024
Venture Capital

Skillfully 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

Aug 5, 2024
Company News

Paylocity 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

Aug 1, 2024
Company News

Workday 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

Aug 1, 2024
Earnings

Fiverr 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

Jul 31, 2024
Venture Capital

WorkJam 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

Jul 31, 2024
Earnings

Dayforce 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

Jul 31, 2024
Venture Capital

LightBay 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

Jul 31, 2024
Venture Capital

Fiverr 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

Jul 31, 2024
Product News

Cangrade 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

Jul 30, 2024
Company News

UKG 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

Jul 29, 2024
Product News

Netchex 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

Jul 29, 2024
Product News

Aya 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

Jul 25, 2024
Company News

Salesforce 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

Jul 24, 2024
Venture Capital

Passionfruit 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

Jul 24, 2024
Venture Capital

Workstaff 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

Jul 24, 2024
Product News

Oracle 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,

Jul 23, 2024
Product News

Fiverr 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

Jul 23, 2024
Venture Capital

CultureAI 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

Jul 19, 2024
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