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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Payfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Inc., a global leader in Earned Wage Access (EWA) and digital banking for workforces, has entered into a definitive agreement to be acquired by Fiserv, Inc., a leading financial services technology provider. The all-cash deal values
ColumnADP National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay was Up 4.8%
The November ADP National Employment Report reveals a 146,000-job increase in the private sector, with annual pay up by 4.8% year-over-year. This independent report, derived from anonymized payroll data from over 25 million employees, offer
Product NewsStrivr Announces Industry's First XR Training Bundle for Retail Banking
Strivr announced the release of the industry's first off-the-shelf XR training bundle tailored for retail banking and financial services designed to accelerate training and improve employee performance through immersive, AI-powered modules.
EarningsHireQuest Reports Q3 Growth: Franchise Royalties Increase to $9M, Adjusted Net Income Rises 29%
HireQuest , Inc., a national franchisor of staffing services, reported its Q3 2024 financials, showing slight growth in key revenue streams despite market challenges. Franchise royalties grew by 0.9% to $9.0 million from $8.9 million in the
EarningsEmpower Reports Record Q3 Earnings: $264 Million After-Tax Base Earnings, $1.8 Trillion AUA, and 46% Net Asset Growth in Personal Wealth
Empower posted record third-quarter earnings driven by strong market returns, business growth, and increased sales. Year-over-year base earnings surged by 35%, reaching $264 million, while assets under administration rose to $1.8 trillion,
Venture CapitalFirst Advantage Completes Acquisition of Sterling Check for $2.2 Billion
First Advantage Corporation (NASDAQ: FA) has successfully completed its acquisition of Sterling Check Corp. for $2.2 billion, including assumed debt. This strategic move enhances First Advantage's global presence and product offerings in ba
Company NewsDayforce Reports Impressive Q3 2024 Results: $440 Million in Total Revenue, 19% Growth in Recurring Revenue
Dayforce, a global leader in human capital management technology, reported strong financial performance for Q3 2024, with a notable increase in total revenue to $440.0 million, up 17% year-over-year. Recurring revenue from the Dayforce plat
EarningsServiceNow Reports Q3 2024 Financial Results: 23% Subscription Revenue Growth, Total Revenue Reaches $2.797 Billion
ServiceNow exceeds guidance across all Q3 2024 topline growth and profitability metrics; raises 2024 subscription revenues guidance Subscription revenues of $2,715 million in Q3 2024, representing 23% year‑over‑year growth, 22.5% in constan
Venture CapitalZeal Raises $15M to Revolutionize Payroll for the Gig and Modern Workforce
Zeal , a leading payroll platform for modern workforces, has secured $15 million in a Series B funding round led by Portage, with contributions from Spark Capital and Commerce Ventures. This funding will drive innovations in payroll automat
Product NewsServiceNow Releases New HR Innovations, Empowering Leaders to Fuel Employee and Business Growth
ServiceNow announced its latest HR innovations at the HR Technology Conference, aimed at enhancing employee communications and engagement. The new capabilities include improvements in Talent Development and Employee Journey Management, givi
Venture CapitalEmpower Acquires OptionTrax to Deliver Integrated Equity Compensation Solutions
Empower , a leading retirement and wealth management provider, has acquired Plan Management Corporation (PMC), the company behind OptionTrax ® , a comprehensive digital equity compensation platform. This acquisition will enhance Empower’s s
Product NewsCentrical Launches Team Performance Central & AI Assistant, Saving Team Leaders More Than 4 Hours Per Week While Elevating Frontline Performance
Solution provides a unified view of team performance, and a breakthrough AI-powered manager assist tool Summary: Centrical Launches New Team Performance Central and AI Assistant : Introducing a groundbreaking solution to provide frontline t
Product NewsAon Advances Data and Analytics Capabilities for Human Capital Clients with Launch of Integrated Radford McLagan Compensation Database
Aon plc has unveiled its Radford McLagan Compensation Database, a comprehensive platform that integrates the company's extensive compensation and talent insights across various sectors including financial services, life sciences, and t
Venture CapitalCapitalize Secures $19M to Revolutionize 401(k) Rollovers with Digital Innovation
Capitalize , a platform that facilitates the digital transfer and management of retirement assets, announced the closure of a $19 million Series B funding round led by RRE Ventures. This investment will accelerate the adoption of their tech
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 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
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 CapitalGQR Acquires Uniti Med, Enhancing Workforce Solutions and Expanding Market Reach
GQR , a global workforce solutions firm, has acquired Uniti Med, a healthcare staffing company. This acquisition enhances GQR's market position, placing it among the Top 100 Staffing Firms, Top 50 Healthcare firms, and Top 25 Travel Nursing
Venture CapitalHireRight Acquired for $1.7 Billion by General Atlantic and Stone Point Capital
HireRight Holdings Corporation has finalized its acquisition by General Atlantic and Stone Point Capital in an all-cash transaction valued at $1.7 billion. The merger, approved by HireRight stockholders on June 21, 2024, converts all outsta
Venture CapitalRising Team Raises $8 Million Series A and Introduces Personalized AI Leadership Coach for Building High-Performing Teams
Rising Team, based in Menlo Park, California, has successfully secured $8 million in Series A funding led by Zeal Capital Partners. This investment will support the expansion of its team performance platform, focusing on AI enhancements, hi
Product NewsWorkday Announces Built on Workday to Help Partners Build, Manage, and Distribute Finance and HCM Apps to Workday Customers
Workday, Inc. has announced "Built on Workday," a new program designed to enable partners to build, manage, and market apps for the Workday platform. Unveiled at the Workday DevCon 2024, this initiative allows partners to create tailored so
Company NewsVisier's First Quarter of 2024 Marks Unprecedented Scale in Generative AI Production Use and Transformational Investment in Analytic Platform Capabilities
Visier , a leader in people analytics, announced key achievements for Q1 2024. Highlights include the launch of "Vee," a generative AI assistant, and the "Open for Builders" initiative. Visier's AI technology now serves 2.1 million Paycor e
Company NewsAnnouncing Our 2024 Workday Partner Innovation Award Winners
These awards honor select services and software partners for their commitment to our customers’ success, demonstrated by their innovative extensions of Workday solutions. Read on to learn this year’s winners. In this article we discuss: Wor
Venture CapitalEntrust Completes Acquisition of Onfido, Creating a New Era of Identity-Centric Security
Entrust , a global leader in payments, identities, and data security, has finalized the acquisition of Onfido , a premier identity verification provider. This strategic move fortifies Entrust's portfolio with the most advanced AI-powered, i
ColumnADP National Employment Report: Private Sector Employment Increased by 184,000 Jobs in March; Annual Pay was Up 5.1%
ROSELAND, N.J. , April 3, 2024 -- Private sector employment increased by 184,000 jobs in March and annual pay was up 5.1 percent year-over-year, according to the March ADP ® National Employment Report™ produced by the ADP Research Inst
Venture CapitalZayZoon Raises $15M in Series B Extension from Viola Fintech and Intuit Ventures
ZayZoon , a leader in Earned Wage Access (EWA) for SMBs, announced a $15 million raise in its Series B extension, reaching a total of $49.5 million, led by Viola Fintech and Intuit Ventures, alongside Framework Venture Partners and EDC. Thi
Product NewsOntop's New Employee Cost Calculator Empowers Global Companies to Save Big on Hiring Expenses
Ontop, a YCombinator-backed startup established in 2020, offers innovative Employee of Record (EOR) services designed to help global companies reduce hiring expenses significantly. With its latest tool, the employee cost calculator updated
Venture CapitalRemotePass Transforms the Future of Work: Secures $5.5M to Expand Global HR Solutions
RemotePass , an HR and fintech startup, has raised $5.5 million in Series A funding, surpassing a total of $10 million in capital. This investment will further develop its platform, which assists companies in onboarding, managing, paying, a
Venture CapitalFirst Advantage to Acquire Background Check Company Sterling for $2.2 Billion in Cash and Stock
First Advantage Corporation has announced a definitive agreement to acquire Sterling Check Corp. for approximately $2.2 billion, inclusive of debt. The merger unites complementary technology and services in employment background screening a
Venture CapitalHireRight Embarks on a New Chapter: $1.65 Billion Acquisition by Leading Investment Giants
HireRight Holdings Corporation, a leader in global background screening services and workforce solutions, has announced its acquisition by investment funds affiliated with General Atlantic and Stone Point Capital. This strategic move, value
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