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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Tokyo'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
Venture CapitalChime Financial's $173 Million Acquisition of Salt Labs: A Step Towards IPO Ambitions
Chime Financial has acquired Salt Labs to enhance financial progress for everyday Americans. Both companies aim to empower employees by leveraging the Chime platform. Jason Lee, CEO of Salt Labs, will lead the new Chime Enterprise unit to d
Company NewsUKG: 27.5 Million Employed Americans Plan to Miss Work to Watch 2024 Summer Olympics
The UKG Workforce Institute survey reveals that the 2024 Summer Olympics could significantly impact workplace productivity in America. Over 27.5 million employed Americans plan to miss work to watch the games, with various forms of absentee
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 CapitalToptal Acquires Growth Collective: A New Era in Freelance Marketing
Toptal , the world's largest fully remote workforce, launched Toptal Marketing at Cannes Lions 2024, expanding its services to include world-class marketing talent. This launch is complemented by Toptal's acquisition of Growth Collective, a
Product NewsLattice Adds Payroll, Powering Strategic Pay Cycles for High-Growth Companies
Lattice, a leading people platform, has announced the launch of Lattice Payroll, an end-to-end payroll solution integrated into its HRIS and Talent Suite. This solution aims to help mid-sized and growing companies streamline payroll process
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 NewsGreenhouse and Pave Launch Offer Insights, Unlock Real-time Talent Data With New Integration
Greenhouse, a leading hiring platform, has partnered with Pave, a top compensation management platform, to introduce Offer Insights. This integration delivers real-time data from over 1 million job offers, enabling talent and compensation l
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
NewsBonusly Launches Performance Enablement Solution to Cultivate High-Performing Organizations
Bonusly has launched Bonusly Achieve, a new performance enablement solution designed to modernize and enhance traditional performance management processes. By integrating peer feedback, collaborative meeting agendas, AI-powered notes, and c
Company NewsWorkday Peakon Employee Voice Named Employee Engagement Solution of the Year by RemoteTech Breakthrough
Workday, Inc. announced that its Workday Peakon Employee Voice has been named the Employee Engagement Solution of the Year by RemoteTech Breakthrough. This recognition highlights the platform's ability to provide real-time, confidential fee
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
Venture CapitalHueman Acquires PrincetonOne: A New Era of Specialized RPO Services
Hueman People Solutions, a leading recruitment process outsourcing (RPO) and talent acquisition firm, has acquired PrincetonOne, a notable RPO provider with expertise in the Pharmaceutical, Biotech, Life Sciences, Manufacturing, and Indus
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
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
Product NewsCeipal Launches Ceipal Copilot To Supercharge Staffing, Recruiting, and Candidate Engagement
Ceipal , a leader in staffing software, has introduced "Ceipal Copilot", an advanced tool integrating AI to enhance recruitment efficiency. Designed for the dynamic demands of modern recruitment, especially with the tech-savvy Generation Z
Product NewsProsci launches new change management generative AI tool
Prosci , a global leader in change management, has introduced Kaiya, a unique generative AI tool designed for change practitioners and leaders. Kaiya leverages Prosci's extensive intellectual property, including over 25 years of research an
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
Product NewsBorderless AI and Cohere Launch Alberni: The First AI Agent Revolutionizing Global HR
Borderless AI , the pioneering AI-powered HR platform, has partnered with Cohere to revolutionize the HR industry with tailored AI agents. The partnership aims to streamline global HR challenges such as onboarding, payroll, and compliance,
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 CapitalAI-Driven Training Platform Learn to Win Raises $30M to Scale Defense and Commercial Operations
Learn to Win , an enterprise SaaS training platform specializing in personalized, predictive, and secure training software, has successfully closed a $30 million Series A funding round led by the Westly Group, with participation from Norwes
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
Product NewsCloudPay Launches In-App Mobile Payslip Functionality to Enhance Employee Pay Experience
CloudPay, a global leader in payroll solutions, announced the introduction of a new digital payslip feature in its employee app, CloudPay NOW. This enhancement allows employees to easily access and manage their payslips and year-end tax doc
Venture CapitalCvent Acquires Reposite to Expand its Global Vendor and Supplier Sourcing Marketplace
Cvent, a leader in meetings, events, and hospitality technology, has acquired Reposite, an AI-driven vendor sourcing platform. Reposite enhances Cvent’s offerings with a robust database of over 35,000 vendors and innovative tools like AI-po
Venture CapitalChronus Acquires Imperative to Help Employers Tackle Missing Driver of Employee Engagement - A Sense of Purpose
Chronus , an employee development platform specializing in mentorship and ERG management, has acquired Imperative, a platform focused on employee engagement through meaningful 1:1 conversations. This acquisition aims to address employee eng
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
Company NewsWorkTango Appoints Monique McDonough as Chief Executive Officer
AUSTIN, Texas, June 03, 2024- WorkTango , an award-winning employee experience platform, today announced the appointment of Monique McDonough as Chief Executive Officer. McDonough, who previously served as Chief Operating Officer at WorkTan
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