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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Josh Bersin: ServiceNow Acquires Hitch: Entering The Skills And HCM Market
Today was some big news. ServiceNow, the leader in enterprise workflow and employee experience platforms, announced the acquisition of Hitch , a small player in the massive market for skills technology and talent marketplace solutions. Thi
Venture CapitalServiceNow to Acquire Hitch Works to Help Customers Address Talent Gaps
SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW) today announced it has signed an agreement to acquire Hitch Works, a skills mapping and intelligence company. Hitch will add a new layer of AI-powered skills insights to the indus
Product NewsADP National Employment Report: Private Sector Employment Increased by 128,000 Jobs in May
ROSELAND, N.J. , June 2, 2022 /PRNewswire/ -- Private sector employment increased by 128,000 jobs from April to May according to the May ADP ® National Employment Report ™ . Broadly distributed to the public each month, free of charge,
Venture CapitalRealWear Raises $23.5M to Turn Successful Industrial Wearable into High Growth Assisted Intelligence Platform Business
New funding will allow RealWear to build a fully integrated software, hardware and cloud subscription platform to further empower frontline workers Santa Clara, CA – June 1, 2022 – At Augmented World Expo (AWE), RealWear, the world’s leadin
Company NewsUKG Names Chris Todd as Chief Executive Officer
Aron Ain transitions to UKG Executive Chair UKG , a leading provider of HR, payroll, and workforce management solutions for all people, today announced that Chris Todd, president of UKG, has been appointed chief executive officer (CEO), eff
Venture CapitalSkillPointe Secures $2.25 Million in Series B Funding
ATLANTA— SkillPointe, LLC, a three-sided marketplace helping to solve the country’s prevalent skilled worker shortage, today announced the closing of a $2.25 million Series B-3 financing round. The Presidio Group LLC (“Presidio”), the leadi
EarningsHIRE Technologies Reports $9.1 Million in Revenue, Its Sixth Consecutive Quarter of Revenue Growth
Revenue of $9.1 million for the quarter ended March 31, 2022, up 66% from Q1-2021. Gross margin of $4.5 million was almost double the $2.3 million reported for the first quarter of 2021. Adjusted EBITDA 1 was $1.0 million ($0.1 million - M
OpinionWhat Will The Future of HR Look Like in 2030?
If the turn of 2020 didn’t teach business and HR professionals anything but one thing, it is that the world of work is vastly changing. The good news is that as reported by Sage, 72% of HR say they now have more influence in human capital m
Product NewsHuman Capital Management (HCM) Solutions Market to observe USD 12.16 Bn growth | 34% growth to originate from North America
NEW YORK , May 25, 2022 /PRNewswire/ -- The global human capital management solutions market size is expected to increase by USD 12.16 billion between 2020 and 2025. The market observed a YOY growth of 9.52% in 2021 and the growth mom
Workday Announces Fiscal 2023 First Quarter Financial Results
Fiscal First Quarter Total Revenues of $1.43 Billion , Up 22.1% Year Over Year Subscription Revenues of $1.27 Billion , Up 23.2% Year Over Year 24-Month Subscription Revenue Backlog of $7.97 Billion , Up 20.9% Year Over Year Total Subscr
Assembled Raises $51 Million in Series B Funding to Accelerate Workforce Management Platform
Funding will bolster company's ability to assist leading companies across industries craft efficient, world-class customer experiences SAN FRANCISCO , May 26, 2022 /PRNewswire/ -- Assembled, the leader in workforce management for modern s
Company NewsVisier Announces Strategic Alliance with Deloitte to Help Companies Improve People Decisions and Deliver Transformational Business Outcomes
Visier Announces Strategic Alliance with Deloitte to Help Companies Improve People Decisions and Deliver Transformational Business Outcomes Strategic relationship brings together the power of Deloitte's Human Capital Analytics & Insights So
Upflex Announces $30M Series A From Top Strategic & Venture Funds
NEW YORK--( BUSINESS WIRE )-- Upflex —the premier global provider of hybrid workspace solutions—announced the closing of its $30 million Series A round. The raise was led by WeWork with participation from notable strategic investors Newm
RepVue closes $5 million in new funding to transform how sales professionals make career decisions
With so much of their income tied to performance, sales professionals across all industries want to make fully-informed career decisions. Likewise, in today's war for talent, employers need better data to help them target the right candida
Product NewsU.S. Independent Professionals Earned an Estimated $247 Billion in 2021 and Have Never Been More Satisfied with Their Work, According to Fiverr’s Fifth Annual Freelance Economic Impact Report
Nearly 70% of freelancers have realized it is more important to be fulfilled in their work than just hold a job Fiverr International Ltd. (NYSE: FVRR), the company that is revolutionizing how the world works together, today released its fif
Venture CapitalVelocity Global Raises $400M in Series B Round
Eldridge and Norwest Venture Partners lead funding round Achieves multi-billion dollar valuation, a 7x increase in one year Investment boosts the company’s Global Work Platform™ that enables businesses and talent to work with anyone, anywhe
EarningsFiverr Announces First Quarter 2022 Results
Fiverr Announces First Quarter 2022 Results ● Strong Q1’22 execution: We posted solid Q1 results amid a shifting macro environment. Q1 revenue was $86.7 million, a record for us. It was also the first time in any Q1 that we achieved Adjust
NewsFiverr Announces First Quarter 2022 Results
Fiverr Announces First Quarter 2022 Results ● Strong Q1’22 execution: We posted solid Q1 results amid a shifting macro environment. Q1 revenue was $86.7 million, a record for us. It was also the first time in any Q1 that we achieved Adjust
Venture CapitalBCG:The $12 Billion Opportunity in HR Technology
A flood of new solutions is vying to help companies manage their workforce. In this crowded market, players can pursue three strategies to win share. Talent management is a large and growing challenge at many organizations, and talent manag
EarningsKELLY REPORTS FIRST-QUARTER 2022 EARNINGS
Q1 revenue up 7.5%; 9.0% in constant currency Q1 operating earnings of $23.4 million ; up 121% from a year ago Q1 loss per share of $1.23 down from a year ago on a non-cash loss on Persol Holdings investment Adjusted EPS of $0.46 in Q1
Venture CapitalCompt Raises $13 Million Series A Financing Led by Battery Ventures
BOSTON-- Compt , an employee perk stipend software company optimized for today’s more-flexible workplace, today announced a $13 million Series A investment led by Battery Ventures. The funding comes after a year of rapid growth, nearly 500%
Venture CapitalRelative Insight Raises £5m in Funding Led by YFM Equity Partners
Relative Insight , as the industry leader in text analytics, are delighted to announce the completion of a £5m funding round with YFM Equity Partners (YFM) through its managed British Small Companies VCTs. This growth capital investment fro
Upwork Announces the Suspension of Business in Russia and Belarus and Withdraws First Quarter and Full-Year 2022 Guidance due to Uncertainties Related to Russian Invasion of Ukraine
SAN FRANCISCO – March 7, 2022 – Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced the suspension of all busines
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