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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Alight's $1.2 Billion Sale of Payroll and Professional Services Business to H.I.G. Capital: Introducing Strada
Alight , Inc. (NYSE: ALIT), a leading human capital technology and services provider, has completed the sale of its Professional Services and Payroll & HCM Outsourcing businesses to H.I.G. Capital for up to $1.2 billion. The newly independe
Venture CapitalBenchmark Analytics® Announces Strategic Growth Investment from PSG Equity
Benchmark Analytics , a leading SaaS-based analytics platform focused on improving law enforcement personnel management and officer wellness, has received a strategic growth investment from PSG Equity. This partnership aims to enhance and e
Venture CapitalHR Path Secures Historic €500 Million to Fuel Global Expansion and HR Innovations
HR Path , a global leader in HR consulting, has secured a record €500 million in financing from Ardian, a top private investment firm. This significant investment, the largest in the company's history, will propel HR Path's international gr
Venture CapitalMonster and CareerBuilder's Strategic Merger: Shaping the Future of Recruitment
Randstad, the world’s largest staffing firm, announced a merger between its Monster job board and CareerBuilder, a company owned by Apollo Funds. This union aims to enhance services for job seekers and employers by combining two well-known
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
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 CapitalKarmaCheck Secures $45M Series B to Revolutionize Background Checks with AI Technology
KarmaCheck , a leader in technology-based background checks and credentialing, announced a $45 million Series B funding round led by Parameter Ventures. Founded by LinkedIn co-founder Eric Ly, KarmaCheck leverages advanced technology and AI
Product NewsA.Team Launches "Team Formation AI" to Hire Specialized Tech Talent in Minutes -- Not Months
A.Team has introduced Team Formation AI, a generative AI platform that allows corporate leaders to quickly assemble elite tech teams from a network of over 11,000 vetted product builders. Designed to streamline hiring and supercharge innova
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 CapitalTechWolf Raises $42.75M to Revolutionize AI-Driven Talent Management
TechWolf , a Belgian AI company, has raised $42.75 million in a Series B funding round led by Felix Capital, with participation from notable investors such as SAP, ServiceNow Ventures, and Workday Ventures. Founded in 2018 by Andreas De Nev
Product NewsCulture Amp Introduces People Analytics
Culture Amp , a leader in employee experience platforms, announces the launch of its new People Analytics product, available from June 30, 2024. This innovative solution, following the acquisition of Orgnostic, integrates with Culture Amp's
Venture CapitalWilya Secures $4 Million in Seed Funding Led by Ironspring Ventures to Bring Flexibility to the Manufacturing and Supply Chain Workforce
Wilya , previously known as Gig and Take, has secured $4 million in seed funding led by Ironspring Ventures. This funding will support Wilya's mission to transform HR practices in the manufacturing and supply chain sectors through its innov
Product NewsHubStar Launches H2O, a Revolutionary New Approach to Optimizing Occupancy in the Hybrid Workplace
HubStar has launched H2O, the first hybrid occupancy platform designed to enhance in-person connections, collaboration, and employee experiences while minimizing costs and carbon emissions. H2O integrates workplace experience, intelligence,
Venture CapitalCadana Secures $7.4 Million to Enable Seamless, Compliant Payroll Services in Emerging Markets for Global Hiring Platforms
Cadana , a pioneering global payroll technology company, has secured $7.4 million in funding to enhance its services in emerging markets. Specializing in seamless and compliant payroll solutions, Cadana's APIs and white-label products are d
ColumnWorkday Elects Michael Speiser to Board of Directors
Workday has elected Michael Speiser, a seasoned technology leader and venture capitalist, to its Board of Directors. With over three decades of experience, Speiser is recognized for his contributions to the tech industry, particularly in AI
Product NewsPrimePay has unveiled HCM Essentials, an all-in-one HCM platform designed specifically for small businesses
PrimePay has unveiled HCM Essentials, an all-in-one human capital management (HCM) platform designed specifically for small businesses. Combining design, function, and affordability, this platform aims to streamline payroll, time, and HR co
Venture CapitalZRG Secures $120 Million in Debt Financing from Main Street Capital
ZRG , a global talent advisory firm, has secured $120 million in debt financing from Main Street Capital Corporation. This funding, along with a recent equity raise from RFE Investment Partners, will accelerate ZRG's growth strategy, includ
Venture CapitalNomad Health Lands $22 Million Investment: A New Era Under CEO Justin Lambert
Nomad Health , a leading digital marketplace for healthcare jobs, has successfully raised $22 million in a funding round led by HealthQuest Capital with participation from several notable firms. With this investment, Nomad Health has also a
EarningsKorn Ferry Announces Fourth Quarter and Full Year FY'24 Results of Operations
Korn Ferry reported its Q4 FY'24 fee revenue at $690.8 million, a 5% decrease from the previous year, and full-year revenue of $2.76 billion, down 3%. Despite the revenue decline, the company saw improved profitability with Q4 net income of
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
Venture CapitalJobGet Acquires Wirkn to Expand Retail Footprint
JobGet, a rapidly growing app-first hiring platform, announced its acquisition of Wirkn, a key player in frontline worker recruitment. This acquisition will allow JobGet to enhance its reach in the mall, retail, and restaurant sectors, util
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
Product News15Five Unveils Latest Platform Evolution, Giving HR Leaders a Strategic Command Center for Performance Management
15Five has unveiled a major evolution of its performance management platform, designed to enhance HR teams' ability to analyze and act on employee performance, engagement, and retention data. The new features include advanced demographic an
Venture CapitalAmsterdam based Carv raises $10M to offload admin from recruiters and realize recruiter-AI synergy
Carv, a recruitment AI company based in Amsterdam, has secured $10 million in seed funding from investors including Global Founders Capital and prominent angel investors. The funding aims to accelerate Carv's growth and enhance its platform
Venture CapitalAshby Announces $30M Series C
Ashby , a rapidly growing recruiting platform, has secured an additional $30 million in equity financing, bringing their total raised to approximately $70 million. The Series C round, led by Lachy Groom with contributions from Elad Gil, F-P
Company NewsPaycom Announces Promotions of Randy Peck to COO, Jennifer Kraszewski to CHRO and Matt Paque to CLO
Paycom Software, Inc. has announced major leadership promotions, positioning Randy Peck as Chief Operating Officer, Jennifer Kraszewski as Chief Human Resources Officer, and Matt Paque as Chief Legal Officer. These appointments reflect the
Venture CapitalHumanly Acquires Teamable, Introducing an AI-First End-to-End Recruiting Powerhouse
Humanly , a leading AI-powered recruiting solutions provider, has acquired Teamable to solidify its position as a comprehensive end-to-end solution in talent acquisition. This acquisition will allow Humanly to offer an integrated suite of t
Venture CapitalBridgepoint to back LumApps as majority investor for its next stage of growth
LumApps , a French startup known for its "intranet superapp" platform for internal communications and workforce applications, has announced that private equity firm Bridgepoint will acquire a majority stake in a $650 million deal. This tran
ColumnWorkday's Q1 FY2025: A Surge in Revenues and AI-Driven Growth
Workday, Inc. reported impressive fiscal 2025 first-quarter results, showcasing strong revenue growth and significant improvements in profitability. Total revenues reached $1.990 billion, an 18.1% year-over-year increase, while subscription
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