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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300ADP Reports First Quarter Fiscal 2026 Results
ADP reported Q1 FY26 revenue of $5.2B (+7%, +6% organic cc) and adjusted EPS of $2.49 (+7%) , with adjusted EBIT up 7% and margin flat at 25.5% . Employer Services grew 7% ; PEO grew 7% with average WSEs up 2% to ~754k . Interest on funds h
Venture CapitalADP Acquires Pequity
ADP has acquired Pequity, a 2019-founded compensation management platform, in a move to enhance its global HR and payroll capabilities. Pequity’s AI-powered tools combine spreadsheet familiarity with enterprise-grade automation, offering bu
Venture CapitalSage Acquires Criterion HCM to Modernize Human Capital Management for Mid-Sized Businesses
Sage has acquired Criterion HCM, marking a strategic expansion of its AI-powered HR and payroll ecosystem to better serve mid-sized businesses. The acquisition brings together Criterion’s unified HCM solution—spanning Core HR, payroll, and
Company NewsHelios Rebrands as Globalli, Launching the World's First-Ever Global People Operating System
Helios has rebranded as Globalli and launched the world’s first-ever Global People Operating System (OS) , designed to unify payroll, compliance, and HR across more than 125 countries. The platform integrates employees and contractors into
Company NewsADP Nominates Karen S. Lynch and Robert H. Swan to Board of Directors
ADP has nominated Karen S. Lynch, former CEO of CVS Health, and Robert H. Swan, former CEO and CFO of Intel, to its Board of Directors ahead of the November 12, 2025, Annual Meeting of Stockholders. With decades of leadership experience acr
Venture CapitalHelios Acquires ConnectaVerse to Strengthen Global Expansion and Compliance Capabilities
Helios Global Payments Solutions has acquired ConnectaVerse, a marketplace technology company specializing in international expansion and compliance services across 60 countries. This acquisition enhances Helios’ AI-powered HCM and payments
Venture CapitalSAP Completes Acquisition of SmartRecruiters
SAP has officially completed its acquisition of SmartRecruiters, a leading enterprise-grade talent acquisition platform. This strategic move integrates SmartRecruiters’ intuitive recruiting workflows and AI-enabled capabilities into the SAP
Company NewsADP Unveils AI Features Built for HR's Biggest Challenges at Innovation Day 2025
At its 2025 Innovation Day, ADP unveiled new AI-powered features across Workforce Now®, ADP Global Payroll®, and ADP Lyric HCM®, designed to solve HR’s biggest pain points. The enhancements, built on ADP Assist, focus on proactive payroll a
Company NewsDonna Morris, Executive Vice President and Chief People Officer at Walmart Inc., Appointed to UKG Board of Directors
UKG has appointed Donna Morris, Executive Vice President and Chief People Officer at Walmart, to its Board of Directors. With her extensive experience leading global HR operations for Walmart’s 2 million associates and her history of drivin
Company NewsChime and Workday Partner to Deliver a Comprehensive Employee Financial Wellness Solution to Millions
Workday has named Chime its Strategic Financial Wellness Partner, making Chime Workplace available to Workday customers via Workday Wellness. Workday serves 11,000+ organizations (including 60% of the Fortune 500), positioning this integrat
Company NewsWorkday Q2 FY26 Revenue Rises 12.6% to $2.35B, Raises Full-Year Guidance
Workday reported strong fiscal 2026 Q2 results with total revenue of $2.35 billion, up 12.6% year-over-year, driven by 14% growth in subscription revenue. Operating income more than doubled, while non-GAAP operating margin reached 29%. Net
Venture CapitalDayforce Enters into US$12.3 Billion Definitive Agreement with Thoma Bravo to Become a Private Company
Dayforce , a global leader in human capital management (HCM) technology, has announced a definitive agreement to be acquired by Thoma Bravo in an all-cash deal valued at US$12.3 billion. Under the agreement, Dayforce shareholders will recei
Company NewsUKG Appoints Jim Joudrey as Chief Technology Officer
UKG , a global leader in AI-first HR, payroll, and workforce management solutions, has appointed Jim Joudrey as Chief Technology Officer. With over two decades of experience at Amazon, Salesforce, and AWS, Joudrey will lead UKG’s 4,000+ eng
Company NewsThoma Bravo in Advanced Talks to Acquire Dayforce in $11B Take-Private Deal
Thoma Bravo is in advanced talks to acquire Dayforce Inc. in a deal valued at more than $11 billion, potentially taking the HR software provider private. Despite strong revenue growth and improving profitability, Dayforce has struggled in p
Company NewsWorkday and DailyPay Partner to Deliver On-Demand Pay Across U.S. and Canada
Workday and DailyPay have announced a strategic partnership to provide on-demand pay solutions for millions of workers across the U.S. and Canada. The integration with Workday HCM and Payroll will allow employees, particularly frontline and
Venture CapitalDarwinbox Secures US$40M from Teachers’ Venture Growth to Fuel North America Expansion and AI-First HCM Innovation
Darwinbox , a fast-growing AI-powered human capital management (HCM) platform, has secured US$40 million from Teachers’ Venture Growth (TVG), part of the Ontario Teachers’ Pension Plan. The funding will accelerate the company’s North Americ
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2025 Financial Results
Q4 2025 Recurring & Other Revenue of $369.9 million, up 14% year-over-year Q4 2025 Total Revenue of $400.7 million, up 12% year-over-year FY 2025 Recurring & Other Revenue of $1,471.8 million, up 15% year-over-year FY 2025 Total Revenue of
Venture CapitalSAP to Acquire SmartRecruiters: Integrating Innovative Talent Acquisition Portfolio Will Help Companies Attract and Retain Top Talent
SAP has announced its agreement to acquire SmartRecruiters , a leading provider of AI-powered talent acquisition solutions. This strategic move aims to enhance SAP’s SuccessFactors HCM suite by integrating SmartRecruiters’ strengths in re
Venture CapitalSan Francisco’s Sparrow Secures $35M Series B to Tackle Global Leave Compliance with AI
Sparrow , the first end-to-end leave management platform designed for modern, global companies, has raised $35 million in Series B funding led by SLW, bringing its total funding to $64 million. The company leverages AI and compliance expert
Venture CapitalWingspan Raises $24M Series B in New York to Scale Embedded Contractor Payroll Platform for the $1.4T Flexible Workforce Market
Wingspan , a modern contractor payroll platform, has raised $24 million in Series B funding led by Touring Capital, bringing its total funding to $54 million. The funding will support the rollout of Wingspan Embed—an API-first contractor ma
EarningsTriNet Announces Second Quarter 2025 Results & Reaffirms Full Year 2025 Guidance
TriNet reported its Q2 2025 earnings, maintaining total revenue at $1.238 billion, essentially flat year-over-year. Despite a 4% decline in average WSEs and an 8% drop in professional services revenue, the company reaffirmed its full-year g
Product NewsPaylocity Advances One Unified HCM and Finance Platform with Launch of Integrated Spend Management Solution
Paylocity has launched “Paylocity for Finance,” expanding its modern HCM platform into the Office of the CFO by integrating Airbase’s award-winning spend management technology. This unified solution enables organizations to manage payroll a
NewsCoAdvantage and PrimePay Merge to Create a Comprehensive HCM Powerhouse
CoAdvantage, a leading Professional Employer Organization (PEO), has successfully merged with PrimePay, a well-established payroll and HR software provider. Backed by private equity firm Aquiline, the combined entity aims to offer a more co
Venture CapitalWorkerbee Secures Founder-Led Investment to Accelerate Trusted Agentic AI Hiring Infrastructure
Workerbee , an agent-powered hiring platform, announced a strategic investment from its founding team to scale its AI infrastructure and accelerate growth. With Heiko Roth stepping in as CEO, the company aims to disrupt traditional hiring p
Venture CapitalUKG Acquires Shiftboard, a Leading Energy and Manufacturing Employee Scheduling Solutions Provider
UKG has acquired Shiftboard, a top scheduling software provider serving mission-critical sectors like oil and gas, energy, and manufacturing. Shiftboard’s platform optimizes union compliance, fatigue management, and 24/7 operations through
Product NewsDarwinbox Becomes First HCM Platform Globally to Launch Its Own Model Context Protocol (MCP) Server
Darwinbox has become the first global Human Capital Management (HCM) platform to launch its own Model Context Protocol (MCP) Server, marking a major leap toward enabling secure, intelligent collaboration between AI agents and enterprise sys
ColumnServiceNow and UKG collaborate to supercharge employee productivity and efficiency with agentic AI
At Knowledge 2025, ServiceNow and UKG unveiled a groundbreaking partnership to integrate their AI platforms—ServiceNow's newly launched AI Agent Fabric and UKG's People Fabric—to transform HR, payroll, and workforce management. This strateg
Company NewsADP Q3 FY25 Revenue Hits $5.6B with 6% Growth, EPS Climbs to $3.06
In Q3 of fiscal 2025, ADP reported robust financial performance with a 6% year-over-year revenue increase, reaching $5.6 billion, driven by solid results across both Employer Services and PEO segments. Adjusted EBIT rose 6% to $1.6 billion
ColumnGlobal Trade Policy Changes Leave U.S. Frontline Workers Nervous, Angry, and Stressed Out
A recent UKG survey of over 5,000 U.S. frontline workers reveals significant anxiety and behavioral changes due to evolving trade policies and tariff uncertainties. Over half fear job layoffs, with nearly three-quarters concerned about futu
EarningsTriNet Announces First Quarter 2025 Results
TriNet Group, a leading HR solutions provider for SMBs, reported its Q1 2025 results with $1.3 billion in total revenue, up 1% year-over-year. Despite macroeconomic challenges, the company delivered solid performance aligned with full-year
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