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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Paylocity Surges with $326.4M Revenue in Q2 FY2024: A Glimpse into Cloud HCM's Expanding Market Dominance
Q 2 2024 Recurring & Other Revenue of $298.4 million , up 16% year-over-year Q 2 2024 Total Revenue of $326.4 million , up 20% year-over-year SCHAUMBURG, Ill, Feb. 08, 2024 Paylocity Holding Corporation (Nasdaq: PCTY), a le
Company NewsFrontline Workers Have Greater Mental Health Needs, Yet Are Less Likely to Seek Help, Study Finds
The meQuilibrium study highlights a significant mental health crisis among frontline workers, revealing they face higher rates of anxiety, depression, and stress compared to their non-frontline counterparts. Despite the greater need for sup
ColumnMcLaren Racing Expands Partnership with Workday for the 2024 Formula 1 Season
McLaren Racing has announced the expansion of its partnership with Workday, a leader in enterprise cloud applications for finance and HR, into the 2024 Formula 1 season. Workday, continuing as an Official Partner, will feature its logo on t
Venture CapitalColossyan's Strategic Leap: Pioneering the Future of AI-Driven Corporate Learning with $22M Series A Funding
Colossyan , a Hungarian-founded, UK-based startup, has successfully raised $22 million in Series A funding, led by European VC firm Lakestar, to advance its AI-driven video production platform. This technology, designed to transform digital
Company NewsWorkday Appoints Chikara Furuichi as the New President of Japan
Workday, Inc. announces the strategic appointment of Chikara Furuichi as the new President of Japan, underscoring its dedication to expansion within the Japanese market. With over 25 years of experience in IT, SaaS security, and cloud servi
Company NewsPerceptyx Releases New AI-Powered Insights to Transform the Employee Experience
Perceptyx has unveiled a revolutionary upgrade to its People Insights Platform, integrating advanced AI and analytics to elevate the employee experience (EX). This update introduces an AI Insights Engine, leveraging machine learning to prov
FundingModern Benefits Leader, Benepass, Secures $20M in Funding
Benepass , a leader in modern benefits, announced a $20M funding round to expand its platform and accelerate product development. With over 100,000 employees from top companies using its services, the investment, led by Portage and Clocktow
Venture CapitalFora Launches Visionary Executive Relationship Management (ERM) Platform With $3.8 Million in Pre-Seed Funding
Fora has launched an Executive Relationship Management (ERM) platform, revolutionizing C-suite decision-making with advanced AI technology. Funded by $3.8 million in pre-seed investment, Fora offers a unique solution to the challenges faced
Company NewsCarl Eschenbach Takes the Helm as Workday CEO
Official Appointment Follows a Year of Strong Business Momentum, International Expansion, and Leadership Team Growth PLEASANTON, Calif. , Jan. 31, 2024 Workday (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and
EarningsRobert Half Reports Fourth-Quarter Financials: $1.473 Billion in Revenue
Robert Half Inc. reported its fourth-quarter financial results, highlighting significant outcomes and future prospects. The report shows a net income of $87 million, or $0.83 per share, on revenues of $1.473 billion for the quarter ending D
Venture CapitalCompa's $10M Series A Funding Led by Storm Ventures: Pioneering the Future of Real-Time Compensation Data
Compa, a leading provider of real-time compensation market data, recently secured $10 million in Series A funding, led by Storm Ventures. This investment is a testament to Compa's innovative approach to compensation intelligence, which devi
Venture CapitalQuantum5 Acquires Trivie to Grow Automotive Retail Learning Opportunities
Quantum5 , an automotive division of Ander, announced the acquisition of Trivie, a workforce engagement platform employing AI to enhance learning experiences. This move strengthens Quantum5's mission to revolutionize learning in the automot
EarningsServiceNow Reports Fourth Quarter and Full-Year 2023 Financial Results
ServiceNow , a leader in digital workflow solutions, has exceeded its guidance in all top-line growth and profitability metrics for Q4 2023. The company reported a remarkable 27% year-over-year growth in subscription revenues, reaching $2,3
Venture CapitalZvoove acquires Planbition, the leading SaaS workforce management and planning platform for the temporary staffing industry
Zvoove , a prominent European software provider for temporary staffing and cleaning sectors, has acquired Planbition, a leading Dutch cloud-based workforce management solution. Planbition, known for its flexibility, serves top clients world
Company NewsiMocha introduces an advanced AI-Skills Match Engine to simplify Talent Acquisition
iMocha has unveiled an innovative AI Skills Match Engine, revolutionizing the talent acquisition process. This advanced tool leverages artificial intelligence to streamline recruitment, offering a more efficient and accurate approach to eva
Product NewsCeridian to Acquire eloomi, a Market-Leading Learning and Development Platform
Ceridian, a renowned human capital management tech company, is set to acquire eloomi, a leader in learning experience platform software. This strategic move, expected to finalize in Q1 2024, aims to bolster Ceridian's Dayforce platform. It
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
Company NewsWorkday Announces Continued Retail Industry Momentum Driven By Accelerated Demand for AI Solutions that Help Fuel Organizational Agility and Growth
More Than 55% of the NRF Top 100 Retailers Are Using Workday to Elevate the Frontline Worker Experience, Increase Productivity, and Manage Operational Costs PLEASANTON, Calif. , Jan. 11, 2024 - Workday, Inc. (NASDAQ: WDAY), a leader in e
Company NewsADP appoints Thomas J. Lynch as the new Independent Board Chair
Carlos Rodriguez to continue as member of ADP Board of Directors ROSELAND, N.J. , Jan. 10, 2024 ADP , a leading global technology company providing human capital management (HCM) solutions, announced today that its board of directors ap
Company NewsGlobal Compliance Technology Leader, Mitratech, Elevates Market Position with Dual Acquisitions of Syntrio and Mineral
Mitratech, a leader in global compliance technology, has expanded its suite by acquiring Syntrio and Mineral, enhancing its offerings with ethics hotlines, predictive HR services, and over 1,000 eLearning courses. This move creates a compre
Product NewsBullhorn Acquires Mployee to Help Recruitment Agencies Accelerate Their Digital Transformation Journey
Bullhorn , a global leader in software for the staffing and recruitment industry, has acquired Mployee, a Netherlands-based company specializing in Salesforce-based solutions for recruitment agencies. This strategic move aims to accelerate
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
Venture CapitalSalt Labs Raises Additional $8M to Bring Loyalty Earned Assets to the Workforce
Third Prime invests $8 million in Salt Labs, bringing the total amount raised by the company to $18 million in less than a year NEW YORK , Dec. 19, 2023 Salt Labs , a loyalty and financial technology company that bridges the gap be
Company NewsJim McCoy Takes the Reins at Atlas HXM to Bolster Global Business Alliances
Atlas Appoints Jim McCoy as New Chief Executive Officer to Enhance Global Enterprise Partnerships. Atlas HXM has appointed Jim McCoy, a seasoned leader from ManpowerGroup, as their new CEO. McCoy is recognized for his expertise in global wo
Company NewsMajority of Hourly Workers Unconcerned About AI Replacing Their Jobs
The 5th Annual Branch Report reveals insights into the perspectives of hourly workers regarding AI's impact on job security. Contrary to popular belief, a significant number of these workers are not worried about AI replacing their jobs. Th
Product NewsUpwork Study Finds 64 Million Americans Freelanced in 2023, Adding $1.27 Trillion to U.S. Economy
The "Freelance Forward: 2023" report by Upwork reveals a significant shift in the U.S. labor market towards freelancing. With 64 million Americans, or 38% of the workforce, now freelancing, the sector contributes $1.27 trillion annually to
Venture CapitalBeqom Acquires PayAnalytics: Pioneering the Future of Pay Equity and Total Compensation
Beqom, a leader in compensation and performance management, acquires PayAnalytics, a pioneer in pay and workplace equity software. This strategic move responds to the increasing demand for pay equity and transparency, combining advanced pay
Product NewsYellow.ai Announces Listing of its Generative AI-powered Voicebots and Chatbots on Zendesk Marketplace
The listing will enable enterprises to deliver human-like experiences through Yellow.ai's Dynamic Automation Platform (DAP), leading to 60 percent reduction in operational costs. SAN MATEO, Calif. , Dec. 12, 2023 Yellow.ai , a global lea
Venture CapitalMedefy Health Clinches $10M Series A to Revolutionize Healthcare Navigation
Medefy Health , a trailblazer in mobile-first healthcare benefits navigation, has secured a significant $10 million in Series A funding. This investment, spearheaded by Mercury Fund and Advantage Capital, is set to bolster Medefy's AI and t
Venture CapitalContactMonkey secures $55M in Series A funding, led by Updata Partners
ContactMonkey, an innovative internal email communications platform, has recently secured a significant $55 million in Series A funding from Updata Partners. This investment comes at a crucial time when employee engagement is increasingly v
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