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Venture Capital

Canada-Based HiringBranch Raises CAD 5M Series A to Disrupt Recruitment with Soft Skills AI

HiringBranch , an AI-driven platform specializing in soft skills assessment, has raised CAD 5 million in Series A funding led by Crédit Mutuel Equity, with contributions from Export Development Canada and Anges Québec. The funding will supp

Dec 10, 2024
Company News

Workday Names Rob Enslin President, Chief Commercial Officer

Workday has appointed Rob Enslin as President and Chief Commercial Officer (CCO) to lead its global commercial strategy, marking a significant step in its growth journey. Enslin, with over 30 years of experience in leading technology organi

Nov 26, 2024
Venture Capital

Craftt Closed $2M Seed to Offer Universal Benefits with Future of Work Decentralized Platform

Craftt, a decentralized platform targeting the modern workforce, has raised $2 million in seed funding led by Superscrypt with participation from DCG and prominent angel investors. Built for independent workers, Craftt aims to provide unive

Nov 7, 2024
Earnings

Upwork’s Q3 2024 Financial Results: $193.8M Revenue, Record Net Income of $27.8M, and 22% Adjusted EBITDA Margin

Upwork reported strong financial performance in Q3 2024, achieving a 10% year-over-year revenue increase, with GAAP net income reaching a record $27.8 million and adjusted EBITDA at $43.2 million. The company raised its full-year guidance a

Nov 7, 2024
Product News

empinfo's Verification-as-a-Service (VaaS) Platform for Verifying Employment and Income is Now Available Online

EmpInfo has launched its Verifications-as-a-Service (VaaS) platform online, enabling credentialed verifiers to access nationwide employment and income records seamlessly. With its combination of "Instant" and "On-Demand Verifications," the

Nov 1, 2024
Earnings

Insperity Announces Third Quarter Results

Insperity, Inc. reported its third-quarter 2024 results, showcasing a slight decrease in worksite employees (WSEEs) by 2% year-over-year, with a total of 309,088 WSEEs. Despite this, Q3 net income stood at $3 million with a diluted EPS of $

Oct 31, 2024
Company News

Workday Named a Leader in 2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Ninth Consecutive Year

Workday has been recognized as a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for the ninth consecutive year, noted for its ability to execute and innovate. Workday’s AI-powered Illuminate platform enhances workforce management

Oct 28, 2024
Venture Capital

OLOID Gains Momentum with $6M Series A1 Funding and Completes Workday Certified Integration, Driving Expansion in Workplace Identity Solutions

OLOID, a pioneer in workplace identity management, has raised $6 million in a Series A1 funding round, led by Yaletown Partners and other strategic investors. This funding will further OLOID’s growth in providing passwordless access and ide

Oct 24, 2024
Earnings

ServiceNow Reports Q3 2024 Financial Results: 23% Subscription Revenue Growth, Total Revenue Reaches $2.797 Billion

ServiceNow exceeds guidance across all Q3 2024 topline growth and profitability metrics; raises 2024 subscription revenues guidance Subscription revenues of $2,715 million in Q3 2024, representing 23% year‑over‑year growth, 22.5% in constan

Oct 23, 2024
Venture Capital

HR Path Acquires IN-RGY, Expanding Global Reach and Strengthening Canadian Market Presence

HR Path, a global HR consulting leader, has acquired IN-RGY, a Canadian HR digital transformation firm. This acquisition strengthens HR Path's presence in the Canadian market and aligns with their global expansion strategy, supported by a r

Oct 9, 2024
Venture Capital

Stride Funding, Now Clasp, Closes More Than $10 Million Oversubscribed Venture Round Led by Crosslink Capital

Clasp, formerly known as Stride Funding, has closed an oversubscribed venture round of over $10 million led by Crosslink Capital, bringing its total funding to more than $30 million. Focused on reducing student debt and improving talent ret

Sep 17, 2024
Venture Capital

Every Secures $22.5 Million Series A to Redefine HR Tech for Early-Stage Startups

Every.io has raised $22.5M in a Series A round led by Redpoint Ventures, with participation from Y Combinator, Okta Ventures, and Base10 Partners. The company's mission is to help tech founders focus on growth by simplifying and automating

Sep 13, 2024
Company News

UKG Launches Global Operations Hub in Ireland

UKG , a leader in HR, payroll, and workforce management solutions, is set to more than double its workforce in Ireland by establishing a new Global Operations Hub in Kilkenny. Partnering with the Irish government through IDA Ireland, UKG pl

Sep 12, 2024
Venture Capital

Bullhorn Acquires KonaSearch to Revolutionize Talent Sourcing for Executive Search on Salesforce

Bullhorn , a leader in software for staffing and recruitment, has acquired Massachusetts-based KonaSearch to enhance its sourcing capabilities on the Salesforce platform. KonaSearch provides an advanced search solution tailored for staffing

Sep 6, 2024
Company News

Blink Announces Strategic Partnership with LineZero to Facilitate Meta Workplace Transition

Blink, a leading employee super-app, announced a strategic partnership with LineZero, a top provider of workplace community solutions and Meta Workplace's largest global partner. This collaboration aims to assist Meta Workplace customers in

Aug 28, 2024
Venture Capital

Tilt Raises 15M in Series B to Revolutionize Leave Management Technology

Tilt , a leader in leave management solutions, has successfully raised $15 million in Series B funding led by Bramalea Partners, with contributions from HearstLab, Firework Ventures, Origin Ventures, and Techstars. The funding will enable T

Aug 27, 2024
Company News

Alight Names Dave Guilmette as Chief Executive Officer

Alight , Inc. has announced the appointment of Dave Guilmette as Chief Executive Officer, effective immediately. Guilmette, who will retain his position as Vice Chair of the Board of Directors, succeeds Stephan Scholl. Scholl will transitio

Aug 26, 2024
Company News

Workday Announces Fiscal 2025 Second Quarter Financial Results

Workday, Inc. reported strong fiscal 2025 second quarter results, with total revenues reaching $2.085 billion, up 16.7% year-over-year, and subscription revenues at $1.903 billion, up 17.2%. The company’s non-GAAP operating income increased

Aug 22, 2024
Company News

Paychex Launches Digital Employee Benefits Marketplace

Paychex has launched Paychex Flex® Perks, a digital marketplace offering a range of employee benefits tailored to today's diverse workforce. This integrated e-commerce platform allows employees to self-select benefits like early access to e

Aug 19, 2024
Product News

Paychex Announces Employee Engagement Solution

Paychex, Inc. , has launched Paychex Flex® Engage, a comprehensive employee engagement platform designed to enhance collaboration and performance management across diverse workforces. This solution integrates features such as employee engag

Aug 13, 2024
Company News

Upwork Shatters Financial Records with $22.2M Net Income in Q2 2024

Upwork Inc.  (Nasdaq: UPWK), reported its financial results for Q2 2024, showcasing a robust performance with a record GAAP net income of $22.2 million and a 15% year-over-year revenue growth to $193.1 million. The company achieved a dilute

Aug 7, 2024
Product News

NFP 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

Aug 6, 2024
Company News

Insperity Achieves 16% Gross Profit Growth in Q2 2024 Amid Economic Challenges

Insperity , Inc. reported strong financial results for Q2 2024, despite a slight decrease in the average number of worksite employees (WSEEs). Gross profit increased by 16% to $260 million due to strong pricing and lower benefits costs. Net

Aug 1, 2024
Venture Capital

When Announces $4.6 Million in Seed Funding to Transform the Employee Offboarding Experience

When, an AI-powered offboarding solution, has raised $4.6 million in a Seed funding round led by B Capital, bringing its total funding to $7 million. The funding will be used to expand When's AI-powered health insurance marketplace and grow

Aug 1, 2024
Earnings

Dayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase

Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil

Jul 31, 2024
Venture Capital

Benchmark 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

Jul 10, 2024
Venture Capital

Bullhorn acquires Textkernel to accelerate its AI strategy

Bullhorn , a major player in staffing solutions, has acquired Amsterdam-based Textkernel , a leader in Sourcing AI technologies. This move is pivotal for Bullhorn’s AI strategy, enhancing their offerings with Textkernel's advanced parsing a

Jun 18, 2024
Company News

O.C. Tanner Elevates Scott Sperry to CEO and President

O.C. Tanner, a leader in strengthening organizational culture through employee recognition, has announced Scott Sperry as its new CEO and president. Sperry succeeds Dave Petersen, who retires after a notable 41-year tenure. Sperry, ascendin

Jun 12, 2024
Product News

CloudPay 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

Jun 10, 2024
Column

Broad Market Reach, Customers Expanding UKG Investments Fuel Second-Quarter Fiscal 2024 Momentum

UKG , a leading provider of HR, payroll, workforce management, and culture solutions for all people, today provided a business update for the second quarter of fiscal 2024, ending March 31, 2024. “We continue to see strong demand for UKG so

Jun 3, 2024
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