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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Workday Q2 FY26 Revenue Rises 12.6% to $2.35B, Raises Full-Year Guidance
Workday reported strong fiscal 2026 Q2 results with total revenue of $2.35 billion, up 12.6% year-over-year, driven by 14% growth in subscription revenue. Operating income more than doubled, while non-GAAP operating margin reached 29%. Net
Product NewsZipRecruiter Brings Breakroom to U.S., Delivering 1M+ Real Workplace Ratings for Frontline Jobs
ZipRecruiter has launched Breakroom in the U.S., a workplace rating platform designed for frontline industries such as retail, hospitality, and logistics. With over one million employee ratings, Breakroom offers role- and location-specific
Venture CapitalLockton Announces Acquisition of Employee Experience Company
Lockton, the world's largest privately held insurance brokerage, has announced the full acquisition of Benefits Communication Insourcing (BCI), a move that underscores its commitment to enhancing employee experience and benefits strategy so
Venture CapitalEmployee Navigator Raises $100M to Fuel AI-Powered HR and Benefits Platform Expansion
Employee Navigator , a leading U.S.-based benefits administration and HR software provider, has completed a $100 million funding round from its existing investors, JMI Equity and Spectrum Equity. This minority investment facilitated a $120
Venture CapitalSan Francisco’s Sparrow Secures $35M Series B to Tackle Global Leave Compliance with AI
Sparrow , the first end-to-end leave management platform designed for modern, global companies, has raised $35 million in Series B funding led by SLW, bringing its total funding to $64 million. The company leverages AI and compliance expert
Venture CapitalWingspan Raises $24M Series B in New York to Scale Embedded Contractor Payroll Platform for the $1.4T Flexible Workforce Market
Wingspan , a modern contractor payroll platform, has raised $24 million in Series B funding led by Touring Capital, bringing its total funding to $54 million. The funding will support the rollout of Wingspan Embed—an API-first contractor ma
EarningsTriNet Announces Second Quarter 2025 Results & Reaffirms Full Year 2025 Guidance
TriNet reported its Q2 2025 earnings, maintaining total revenue at $1.238 billion, essentially flat year-over-year. Despite a 4% decline in average WSEs and an 8% drop in professional services revenue, the company reaffirmed its full-year g
Venture CapitalBetterComp Secures $33M Series A to Expand into New Markets & Advance AI in Compensation Practices
BetterComp , a compensation management software provider based in Walnut Creek, California, has secured $33 million in Series A funding led by Ten Coves Capital. This marks the company’s first institutional funding after years of bootstrapp
NewsCoAdvantage and PrimePay Merge to Create a Comprehensive HCM Powerhouse
CoAdvantage, a leading Professional Employer Organization (PEO), has successfully merged with PrimePay, a well-established payroll and HR software provider. Backed by private equity firm Aquiline, the combined entity aims to offer a more co
Venture CapitalNew York-Based Warp Raises $18M Series A to Build AI-Driven Payroll and Compliance Platform for Startups
Warp , a New York-based HR and payroll automation startup, announced it has raised $18 million in Series A funding , bringing its total funding to $24 million . The round was led by Sound Ventures , with participation from Y Combinator , HO
Venture CapitalZorro Secures $20 Million in Series A to Transform the Healthcare Benefits Industry for Brokers, Employers and Employees
Zorro, an AI-powered insurtech platform, has raised $20 million in a Series A round led by Entrée Capital. The company leverages Individual Coverage Health Reimbursement Arrangements (ICHRA) to provide employers and employees with personali
ColumnWorkday Announces Fiscal 2026 First Quarter Financial Results
Workday reported strong Q1 FY26 earnings with total revenue reaching $2.24 billion, a 12.6% increase year-over-year. Subscription revenue grew by 13.4%, driven by demand for its AI-powered platform. Despite a GAAP operating income dip due t
Venture CapitalItalian-based Skillvue raises $6.3M to transform how companies discover and develop hidden talent
HR tech platform evolves from recruitment tool to comprehensive skills partner as organizations struggle to identify capabilities in both candidates and employees. Milan, May 05, 2025 -- While 70% of HR professionals desperately search for
EarningsTriNet Announces First Quarter 2025 Results
TriNet Group, a leading HR solutions provider for SMBs, reported its Q1 2025 results with $1.3 billion in total revenue, up 1% year-over-year. Despite macroeconomic challenges, the company delivered solid performance aligned with full-year
Venture CapitalPaychex Completes Acquisition of Paycor
Paychex has officially acquired Paycor in an all-cash transaction valued at approximately $4.1 billion. This strategic deal merges two HCM powerhouses and aims to create the industry's most comprehensive and flexible AI-driven HR and payrol
Venture CapitalThatch Secures $40M Series B to Redefine Health Benefits from San Francisco
Thatch has secured a $40M Series B funding round led by Index Ventures, with participation from Andreessen Horowitz, General Catalyst, and ADP Ventures. The company aims to revolutionize employee healthcare by replacing outdated employer-co
Company NewsPaychex Reports Q3 FY2025 Revenue of $1.51B and Adjusted EPS of $1.49, Announces Paycor Acquisition to Close in April
Paychex , Inc. reported a solid third quarter for fiscal 2025, achieving 5% year-over-year revenue growth and 6% growth in operating income. The company recorded $1.49 in adjusted diluted EPS, up 8% from the prior year. Notably, Paychex ent
Company NewsHudson Global Reports 2024 Financial Results: $140.1M Revenue (-13.2%), $4.8M Net Loss, $17.7M Cash Reserves, and $0.9M Adjusted EBITDA
Hudson Global, a leading global talent solutions provider, reported its Q4 2024 and full-year financial results. The company faced a 13.2% decline in annual revenue, reflecting a challenging hiring environment worldwide. Despite a net loss
Venture CapitalCoAdvantage & PrimePay Merge to Elevate HR Tech for SMBs
Aquiline Capital Partners has announced the merger of its portfolio companies, CoAdvantage and PrimePay , to enhance human capital management (HCM) services for small- and mid-sized businesses. This strategic combination aims to offer a mor
Venture CapitalIndia’s HR SaaS Star Darwinbox Raises $140M to Expand HR Tech Disruption into the U.S.
Indian HR tech startup Darwinbox has raised $140 million in a funding round co-led by KKR and Partners Group, positioning itself to compete with Deel and Rippling. The company, which provides an all-in-one SaaS platform for hiring, onboardi
Venture CapitalPaychex’s Acquisition of Paycor Advances as HSR Waiting Period Ends
Paychex has announced the expiration of the Hart-Scott-Rodino (HSR) antitrust waiting period, marking a key milestone in its planned acquisition of Paycor HCM. This development clears a major regulatory hurdle, bringing the deal closer to c
Venture CapitalKKR Acquires Stake in HRM Platform Employment Hero from SEEK Investments
KKR, a leading global investment firm, has acquired a stake in Employment Hero, a prominent HR management platform, from SEEK Investments. Despite this transaction, the SEEK Growth Fund will continue as a material investor in the company. E
Company NewsTriNet Reports $5.1 Billion FY 2024 Revenue with Strategic Growth Outlook
TriNet (NYSE: TNET), a leading provider of human capital management (HCM) solutions for SMBs, reported its Q4 2024 and full-year financial results. Revenue grew by 1% YoY to $1.3 billion for Q4 and $5.1 billion for FY 2024. Despite record w
Company NewsInsperity Announces Fourth Quarter and Full Year 2024 Results
Insperity (NYSE: NSP), a leading HR solutions provider, reported its Q4 2024 and full-year 2024 financial results, with revenues reaching $6.6 billion for the year, a 1% increase year-over-year. Net income stood at $91 million , while adjus
Company NewsDHI Group Reports 2024 Fourth Quarter and Full Year Financial Results
DHI Group, Inc. (NYSE: DHX) reported a 7% decline in total revenue for both Q4 2024 and full-year 2024. ClearanceJobs revenue grew by 7% in Q4 and 8% for the full year , while Dice revenue fell by 14% for both periods. Net income for Q4 202
Company NewsCoursera Reports Fourth Quarter and Full Year 2024 Financial Results
Coursera (NYSE: COUR) announced its Q4 and full-year 2024 financial results, reporting $694.7 million in revenue for the year, a 9% increase from 2023. The company achieved positive Adjusted EBITDA of $41.5 million , marking a financial tur
Venture CapitalPaychex Acquires Paycor HCM for $4.1 Billion: A Game-Changer in HR Technology
Paychex, Inc. has agreed to acquire Paycor HCM, Inc. in a $4.1 billion all-cash transaction, marking a significant milestone in the HCM software industry. Apax Partners, Paycor's majority stakeholder since 2018, has been instrumental in dri
Company NewsPaychex Q2 FY2025: Revenue Reaches $1.32 Billion, 5% Growth Driven by HR and PEO Solutions
Paychex , Inc. reported a robust second quarter for fiscal 2025, showcasing a 5% year-over-year revenue growth, amounting to $1.32 billion, and a 6% increase in diluted earnings per share to $1.14. Excluding the Employee Retention Tax Credi
Venture CapitalAlliant Insurance Services Acquires Union First, Expanding Its Benefits Solutions for Public Safety Associations
Alliant Insurance Services has acquired Union First , a firm specializing in benefits consulting and administration for public safety professionals. Joining Alliant’s Employee Benefits Group in the West Region, Union First brings expertis
Venture CapitalStretchDollar Secures $6M to Redefine Health Benefits for SMBs with ICHRA Innovation
StretchDollar , a startup revolutionizing small business health benefits, has secured $6M in seed funding led by Fika Ventures and Oscar Health. The platform simplifies complex healthcare management through an innovative Individual Coverage
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