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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300End of an Era: Meta to Shut Down Workplace by 2026
Meta, formerly known as Facebook, is closing down its enterprise communications platform, Workplace . The service will be available until September 2025, then read-only until May 2026, after which it will be fully decommissioned. Meta recom
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
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
EarningsTriNet Announces First Quarter 2024 Results
TriNet Group, Inc. reported its Q1 2024 financial results, highlighting a modest revenue increase to $1.3 billion and a 4% growth in professional service revenues. Despite challenging economic conditions, the company achieved a net income o
Venture CapitalHome From College Lands $5.4M in Seed Round to Empower Gen Z with Career Matching Platform
Home From College, a career platform targeting Gen Z for flexible job opportunities, announced a $5.4 million seed round led by GV. Founded by Julia Haber and Kaj Zandvliet in 2021, the platform caters to students and young professionals se
Venture CapitalVivup and Perkbox to Combine, Creating a World-Class, All-in-One Employee Wellbeing, Benefits and Engagement Platform
Vivup and Perkbox, leaders in employee wellbeing and benefits, have announced a merger with strategic investment from Great Hill Partners. This collaboration aims to create a top-tier platform for employee benefits and engagement, enhancing
Product NewsVerve Motion Unveils Integrated Software and Data Analytics Platform to Elevate Industrial Worker Safety and Operations with its Wearable Robotics Exosuit
Verve Motion has launched a revolutionary software and data analytics platform, Verve Logic, which integrates with their SafeLift exosuit to improve industrial worker safety and operational efficiency. The platform analyzes data from sensor
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 CapitalY Combinator Alum Axle Health Raises $4.2M to Scale Its Home Health Care Software Platform
Axle Health , a Y Combinator alum, has successfully raised $4.2M in seed funding to expand its innovative home health care software platform, bringing its total funding to $4.4M. The investment, led by Pear VC and followed by TRAC VC, will
Venture CapitalAtlas: The Argentine Startup Revolutionizing Global Contractor Benefits with $2.75 Million in Seed Extension Funding
Karen Serfaty, Gianina Rossi, and Josefina Van Thienen, engineers from Argentina, identified a common issue for contractors working for U.S.-based companies—managing taxes and receiving payments in non-local currency. To address these chall
Company NewsTriNet Triumphs in Fiscal 2023: Hits $4.9 Billion Revenue and Launches Quarterly Dividend
TriNet Group, Inc., a leading provider of comprehensive human capital management solutions for SMBs, reported a 2% increase in total revenues to $1.2 billion for Q4 2023 and a 1% rise to $4.9 billion for the fiscal year. Earnings per share
Company NewsInsperity Announces Fourth Quarter and Full Year 2023 Results
Breaking New Grounds: Insperity's Revenue Hits $6.5 Billion, Fueled by Expansion and Workday Collaboration In their latest financial report, Insperity showcased impressive growth with a 2023 revenue of $6.5 billion, up 9% year-over-year, an
Product NewsDiscover 2024's Latest: DHRmap's January Market Map Unveiled
HR professionals often feel overwhelmed by the plethora of products at numerous HR tech expositions, many with overlapping functions or similar concepts. Observing the global HRTech market , it's clear that mergers and acquisitions are ongo
Company News"Workplacely" Launches to Revolutionize HR with AI-driven Insights, Transforming Workplaces into 'Most Loved Workplaces®'
Workplacely , a groundbreaking HR SaaS tool, launches to transform workplace culture by focusing on employee love and engagement. It's an innovative solution for measuring and enhancing employees' emotional connection to their work and comp
Venture CapitalEmpowering the Workforce: weavix Raises $23.6M in Series B for AI-Enhanced Worker Connectivity
weavix , a Wichita-based technology firm, has announced a significant milestone in its growth journey by securing $23.6 million in Series B funding. This investment round, led by global software investor Insight Partners, with contributions
Venture CapitalLisbon's Paynest Secures €2M for Pioneering Employee Financial Solutions
Paynest , a Lisbon-based financial wellbeing platform for employees, has recently secured a €2 million seed investment to fuel its European expansion. Led by Lince Capital, with contributions from BlueCrow Capital and others, this investmen
Company NewsLattice Announces Sarah Franklin as New CEO: A Step Towards Enhanced Employee Engagement
Lattice , a prominent company in performance management and employee engagement, announces a significant leadership transition. Effective January 2, 2024, Sarah Franklin will take the helm as CEO, bringing her vast experience from Salesforc
Product NewsWorkleap acquires US-based Pingboard, an employee experience SaaS company recognized for its industry-leading org chart and employee directory capabilities
After receiving a $125M CAD investment from CDPQ, Workleap made an acquisition to accelerate its growth strategy, increase market share and broaden product offerings. MONTREAL , Dec. 6, 2023 Workleap , a leading software company behind p
Venture CapitalInclusively's Game-Changing $13M Series A Funding for Workplace Revolution
In a groundbreaking move, Inclusively has raised $13 million in Series A funding to enhance its revolutionary workplace personalization tool, Retain. Designed to address the diverse and evolving needs of modern employees, Retain integrates
Venture CapitalOfficeRnD Secures Investment from Blue Star Innovation Partners: What's Next for Flexible Workspaces?
OfficeRnD Announces Strategic Partnership with Blue Star Innovation Partners, Aiming to Transform the Coworking and Hybrid Work Industries Today marks a significant milestone for OfficeRnD, a leading provider of workspace management solutio
Venture CapitalMerging for Mastery: How Spark Hire's Acquisition of Chally is Redefining Talent Assessment Solutions
In a groundbreaking move that promises to redefine the landscape of talent assessment, Spark Hire, a global leader in video interviewing, has announced its strategic acquisition of Chally, a pioneer in predictive talent analytics. This acqu
Venture CapitalZRG, the Seventh-largest Retained Search Firm in the US, Acquired The Registry
NEW YORK, NY, and BOSTON, MA, — ZRG , one of the world’s rapidly growing global talent advisory firms, announced its acquisition of The Registry , an Interim Executive Solutions firm specializing in higher education. Since 1992, The Registr
Company NewsHumanforce and Datacom Have Announced a Partership, Enabling Clients Wishing to Combine WFM & payroll in a Single, integrated User Experience Greater Options and Flexibility
Sydney, 25th July 2023: Humanforce , a Sydney-based, global provider of human capital management (HCM) solutions, announced a partnership agreement with Datacom , Australasia’s largest homegrown technology solutions provider, to provide an
NewsHRSoft Expands Leadership Position in the Compensation Management Market With CompTrak Acquisition
DENVER, CO – June 20th, 2023 – HRSoft , the global leader for cloud-based Compensation Lifecycle Management software, announced that it has acquired CompTrak , a compensation management solution provider based in Toronto, Canada. By adding
Venture CapitalHRSoft Expands Leadership Position in the Compensation Management Market with CompTrak Acquisition
Combined Entity Will Further Enable Global Compliance and Complex Compensation Planning and Execution with Scalable Enterprise-Grade SaaS Solutions DENVER, CO (June 20th, 2023) — HRSoft , the global leader for cloud-based Compensation Lif
Company NewsDHRmap Participates in the 76th SHRM Exhibition, Welcomed by Over 23,000 HR Professionals Worldwide!
[June 18, 2023, Las Vegas] - The world's leading innovative digital HR media service company, DHRmap, has successfully debuted at the 76th SHRM Annual Conference. This is the world's largest HR conference, and DHRmap exhibited alongside lea
Venture CapitalLondon-based Career Mentoring Platform CareerPaths Secures €232k Pre-seed Funding from QVentures and Various Angels
London-based career mentoring platform founded in 2021, CareerPaths , has secured €232,000 in pre-seed funding from QVentures, a prominent venture capital firm, and a group of angel investors. This investment will fuel CareerPaths’ expansi
Venture CapitalAn Automated Employee Incentive Platform SocialCrowd Raises $550K in Pre-Seed Funding
SocialCrowd , a Southern California-based automated employee incentive platform, closed a $550k pre-seed funding round. The round was led by VC 414 with participation from Anand Gala of Gala Capital Partners and various strategic angel inve
Venture CapitalSan Francisco-based Upduo Secures $4 Million in Seed to Help Teams Leverage Peer-to-peer Learning
SAN FRANCISCO-- Upduo , the peer-to-peer learning platform for data-driven teams, today announces that it has raised $4 million in seed capital. The funding round was led by Impact Venture Capital with participation from Sky9 Capital and an
Venture CapitalMentorcliQ receives $80M investment to enhance enterprise mentorship and inclusive culture.
COLUMBUS, Ohio– MentorcliQ , a leader in employee mentoring software, today announced a strategic growth investment of over $80 million from PSG, a leading growth equity firm partnering with software and technology-enabled services companie
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