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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Invst Acquires NS Capital, Revolutionizing Retirement Solutions for Businesses
Invst , a leading investment advisory firm, has acquired NS Capital to establish the Invst Unity Pooled Employer Plan (PEP). This strategic move revolutionizes retirement solutions for businesses, addressing challenges like fiduciary liabil
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
Product NewsZoho Launches Zoho Payroll, a Comprehensive Solution That Simplifies Payroll Processing and Compliance for Businesses in the United States
Zoho Corporation has launched the US edition of Zoho Payroll, providing an all-in-one solution for simplifying payroll management, automating tax compliance, and connecting HR and financial operations. This release enhances Zoho's robust fi
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 CapitalMercer Completes Acquisition of Cardano
Mercer , part of Marsh McLennan, has completed its acquisition of Cardano, significantly expanding its footprint in pension and investment solutions in the UK and Netherlands. This move positions Mercer to address savings gaps and enhance D
Venture CapitalMPAY Expands with Web Payroll Acquisition: A Game-Changer for Texas Businesses
MPAY, a leader in payroll and human capital management solutions, completed its acquisition of Web Payroll & Tax Solutions. This move is part of MPAY’s ongoing strategic expansion, following two earlier acquisitions in 2024. Web Payroll, kn
ColumnPaychex, Inc. Reports Solid First Quarter Results
Paychex, Inc. reported solid financial results for the first quarter of fiscal 2025, with a 3% increase in total revenue, reaching $1.3 billion. Adjusted diluted earnings per share rose by 2%, despite challenges such as the expiration of th
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 NewsWorkday Announces Workday Wellness, A New AI-Powered Solution to Help Companies Deliver More Personalized Health Benefits
Workday has launched Workday Wellness, an AI-powered solution designed to help companies deliver personalized health benefits based on employee preferences. Through a real-time data exchange with wellness partners, companies can easily acce
Company NewsWorkday Appoints Rhonda J. Morris, Vice President and Chief Human Resources Officer of Chevron Corporation, to its Board of Directors
PLEASANTON, Calif. , Sept. 10, 2024 - Workday, Inc. (NASDAQ:WDAY), a leading provider of solutions to help organizations manage their people and money , today announced the election of Rhonda J. Morris , vice president and chief hum
Company NewsMployer Launches Insights+ The Industry's First Employee Benefits Rating
Mployer, a leading provider of employee benefits ratings and analytics, has launched Insights+, an innovative tool that allows employers, employees, and brokers to rate their benefit plans against similar companies. This free solution offer
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
Company NewsFirst Advantage Posts Solid Q2 2024 Results; Anticipates Sterling Acquisition Closure by Q4
First Advantage Corporation reported second quarter 2024 results, showing revenue of $184.5 million and a net income of $1.9 million, which includes $9.2 million in expenses related to the acquisition of Sterling Check Corp. Adjusted net in
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 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
Venture CapitalGigpro Secures $16M Series A Financing Round to Transform Hospitality Labor Market
Gigpro , a prominent on-demand labor marketplace for the hospitality industry, secured $16 million in Series A funding led by Foundry, with contributions from Stage 1 Ventures, Stage 2 Capital, and Detroit Venture Partners. This funding wil
Venture CapitalTokyo's HR Tech Leader SmartHR Secures $140 Million Series E Funding
KKR and Teachers' Venture Growth (TVG) have announced a $140 million Series E investment in SmartHR , a leading cloud-native human resources management platform in Japan. This funding will drive SmartHR's growth, including new solution deve
EarningsPaychex, Inc. Reports Fourth Quarter and Full Year 2024 Results
Solid Total Revenue Growth and Operating Margin Expansion Full Year 2024 Diluted EPS Growth of 9%; Adjusted Diluted EPS (1) Growth of 11% Issues Fiscal 2025 Business Outlook ROCHESTER, N.Y.--( BUSINESS WIRE )--Paychex, Inc. (the "Company,"
Venture CapitalMercer to Acquire Cardano
Mercer, a Marsh McLennan business, announced its agreement to acquire Cardano, a UK and Netherlands-based long-term savings specialist with approximately $66 billion in managed assets. This strategic acquisition aims to enhance Mercer's cap
Company NewsDefense Intelligence Agency (DIA) Selects Workday to Accelerate its Human Resources Modernization Efforts
Workday has announced that the Defense Intelligence Agency (DIA) has selected Workday Government Cloud to modernize its human resources processes, marking Workday's entry into the U.S. Intelligence Community. This partnership, supported by
Company NewsLeadership, benefits, and technology risks top of mind for risk and HR professionals surveyed by Mercer and Marsh
The US People Risk 2024 Report by Mercer and Marsh, businesses of Marsh McLennan, highlights the top people risks identified by over 1,000 risk and HR professionals nationwide. The report reveals that ineffective leadership, improper reward
EarningsHeidrick & Struggles Reports Strong Q1 2024 Earnings, with Strategic Acquisitions Boosting Growth
Heidrick & Struggles International, Inc. reported an 11% year-over-year increase in quarterly revenue, totaling $265.2 million for Q1 2024. The company also declared a quarterly cash dividend of $0.15 per share. Despite the acquisitions of
Venture Capital401GO Raises $12M Series A to Fuel Next Phase of Growth
401GO , a fintech company specializing in modern retirement solutions, has successfully secured $12 million in Series A funding led by Next Frontier Capital, with participation from Rally Ventures, Impression Ventures, and Stout Street Capi
Venture CapitalRemote Acquires Easop to Help Companies Grant and Manage Equity for Global Talent
Remote, a leader in managing globally distributed workforces, has acquired Easop, a company specializing in compliance solutions for equity management across international borders. This strategic move enhances Remote's capabilities, allowin
Venture CapitalLettuce Financial Launches Solution to Democratize Accounting and Tax Services for Solopreneurs; Announces $6 Million in Seed Funding
Lettuce has launched a comprehensive solution targeting solopreneurs, offering accounting and tax services aimed at democratizing financial management in this sector. They have raised $6 million in seed funding led by Zeev Ventures to sup
Company NewsDocebo Reports Fourth Quarter and Fiscal Year 2023 Results
Docebo Inc., a leader in AI-driven learning platforms, announced its Q4 and fiscal year 2023 financial results, showcasing significant growth. With a 28% increase in subscription revenue to $46.5 million and a total revenue rise of 27% to $
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 NewsTriNet Announces Retirement of Burton M. Goldfield and Appoints Mike Simonds President and CEO
TriNet, a leading HR solutions provider for SMBs, announces the retirement of CEO Burton M. Goldfield and the appointment of Mike Simonds as the new President and CEO. Goldfield led TriNet through significant growth, including a successful
Venture CapitalVestwell's Series D Success: Paving the Future of Fintech with $125 Million
Vestwell, a trailblazer in the savings platform sector, has successfully raised $125 million in its Series D funding round. This significant investment, led by Lightspeed Venture Partners and supported by other key investors, marks a major
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