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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300First Advantage Reports Full Year and Fourth Quarter 2023 Results
First Advantage Corporation reported its financial outcomes for 2023, highlighting a revenue of $763.8 million and a net income of $37.3 million. The adjusted EBITDA was $237.6 million. Despite a revenue decline from the previous year, the
ColumnWorkday Announces Fiscal 2024 Fourth Quarter and Full Year Financial Results
Workday, Inc. announced its fiscal 2024 fourth quarter and full-year results, revealing significant growth. The company reported a 17% year-over-year increase in total revenues for the fourth quarter, reaching $1.9 billion, with subscript
Product NewsJournyx and Greenshades Integrate Products to Provide Complete Time and Attendance for Payroll Solution
Journyx, a leader in enterprise-level project time tracking software, and Greenshades, a premier provider of in-house payroll, HR, and tax solutions, have announced an integration to offer a comprehensive time and attendance solution for pa
EarningsUpwork Reports Fourth Quarter and Full Year 2023 Financial Results
Upwork Inc. reported significant financial achievements for the fourth quarter and full year of 2023, demonstrating robust growth and profitability. The company's fourth-quarter GAAP Net Income reached $17.4 million with an Adjusted EBITDA
Company NewsRecord-Breaking 2023: Paycom Reports Annual Revenues of $1.694 Billion, Up 23%
Paycom Software , Inc. Reports Fourth Quarter and Year-End 2023 Results Full Year Revenues of $1,694 million, up 23% year-over-year Full Year GAAP Net Income of $341 million, representing 20% of total revenues, or $5.88 per diluted share Fu
Company NewsFlexJobs Announces Top 100 Companies to Watch for Remote Jobs in 2024
The FlexJobs 2024 report highlights the top 100 companies leading in remote job opportunities. Emphasizing the continued growth and appeal of telecommuting, this comprehensive list showcases companies across diverse industries. It reflects
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 CapitalIndian SaaS Powerhouse ProHance Gains Major Investment from ChrysCapital
ProHance, a leading workplace analytics and operations management SaaS provider, announced a significant investment from ChrysCapital, a prominent Indian investment firm. This strategic move is set to accelerate ProHance's global expansion,
Venture CapitalEvery.io Emerges with $9.5M Funding: A One-Stop Solution for Startup HR and Finance
Every.io, an innovative all-in-one back office stack for startups, has emerged from stealth with a significant milestone: securing $9.5 million in seed funding. The funding round, led by Base10 Partners, with contributions from Y Combinator
Venture CapitalFrench Startup Indy Clinches $44 Million in Series-C to Streamline Tax and Paperwork for Freelancers
Indy, a leading provider of an all-in-one application for independents, has successfully raised 40 million euros in a Series-C funding round led by BlackFin Capital Partners, La Maison, and iXO. This significant investment will enhance Indy
Company NewsWorkday Unveils New Generative AI Capabilities to Amplify Human Performance at Work
Workday has announced a suite of new generative AI capabilities aimed at amplifying human performance in the workplace. These features, showcased at the annual Workday Rising conference, promise to revolutionize how businesses manage produc
Company NewsTrueBlue Automates Finance and HR with Oracle Fusion Cloud Applications
Oracle CloudWorld, Las Vegas— TrueBlue , a leader in specialized workforce solutions, has achieved a 40 percent return on investment (ROI) since implementing Oracle Fusion Cloud Applications Suite. With Oracle Fusion Cloud Enterprise Resour
Venture CapitalJustworks Announces Merger Agreement to Acquire Via, an International Employment Platform, to Accelerate its Global Solutions for Small Businesses
NEW YORK, – Justworks, Inc. (“ Justworks ”) today announced that it has entered into a definitive merger agreement with Via Global Ventures, Inc. (“ Via ”) under which Justworks will acquire Via, an international employment platform. With
Company NewsPaychex Announces Efrain Rivera Plans to Retire as CFO
ROCHESTER, N.Y.-- Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chi
EarningsBGSF, Inc. Reports Growth in both Pofessional Staffing and Real Estate Divisions in its Second Quarter 2023 Financial Results
Aug 10, 2023 -- BGSF , Inc. (NYSE: BGSF), a growing provider of consulting, managed services and professional workforce solutions, reported financial results for the second quarter ended July 2, 2023. Beth A. Garvey, Chair President and CE
Venture CapitalKuadra Support, a Mexican Nearshore Outsourcing Firm, is Acquired by BeachFleischman For the Majority of its Stock
BeachFleischman PLLC , Arizona’s largest locally-owned public accounting firm, acquires the majority ownership stake in the nearshore outsourcing firm, Kuadra Support , located in Hermosillo, Sonora, Mexico. Kuadra serves the talent needs o
Venture CapitalZRG, the Seventh-largest Retained Search Firm in the US, Acquired The Registry
NEW YORK, NY, and BOSTON, MA, — ZRG , one of the world’s rapidly growing global talent advisory firms, announced its acquisition of The Registry , an Interim Executive Solutions firm specializing in higher education. Since 1992, The Registr
EarningsUpwork Reports Second Quarter 2023 Financial Results with 7% YoY Increase in Revenue
SAN FRANCISCO, Aug. 02, 2023 -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, announced its financial results for the second quarter of 2023. Q2’23 F
Venture CapitalHirewell Acquires The collective Search to Expand West Coast Presence
CHICAGO , Aug. 8, 2023 -- Hirewell is pleased to announce its acquisition of The Collective Search , a San Francisco -based recruiting firm with a focus on helping VC and PE backed companies scale their go-to-market teams. Hirewell's acqu
EarningsSTEM-focused Staffing Business SThree Announces a Resilient Performance in H1 FY23
London, UK, July 25, 2023 – SThree plc , the global staffing business focused on roles in science, technology, engineering and mathematics (STEM), has issued its financial results for the half year ending 31 May 2023. The Group reported a
Venture CapitalBlockchain-Based Employment Platform Opolis Raises $6.6M in Bridge Fundraising Round
Opolis, a blockchain-based platform for independent workers, has secured a bridge fundraising round of $6.6M. The round was led by Berlin-based crypto investment firm Greenfield, with additional investment from the NEAR Foundation, Draper A
Company NewsWorkday Introduces the Next-Generation Elastic Hypercube Technology for Workday Adaptive Planning
PLEASANTON, Calif. , July 11, 2023 -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today introduced the next generation of its patented Elastic Hypercube Technology (EHT), the
HR TechnologyCandorIQ: The YC-Backed Startup Making Waves in the HR Tech and FinTech Sectors
In the bustling world of startups, one name has recently caught our attention: CandorIQ. This innovative company, a proud member of Y Combinator's Summer 2023 batch, is on a mission to streamline headcount and compensation planning, promisi
NewsSafeguard Global announces ChatSG, the first generative AI for the employer of record market
ChatSG delivers instant access to global HR and payroll insights and expertise AUSTIN, Texas— Safeguard Global , the leading provider of workforce enablement solutions, announced the launch of ChatSG, the world’s first generative AI technol
Venture CapitalOdoo S.A. Announces €150m Investment from General Atlantic to Support Continued Global Growth
Brussels, Belgium and New York, NY – June 26, 2023 – Odoo S.A., a leading provider of open-source integrated business software applications for small and medium-sized enterprises (SMEs), today announced it has received a strategic investme
Venture CapitalTandym Group Acquires AETEA Information Technology
NEW YORK , June 21, 2023 -- Tandym Group ("Tandym"), a national consulting, recruitment, and workforce solutions company, announced today that it has acquired AETEA Information Technology ("AETEA"), a technology staffing company. Terms of
Venture CapitalDeltek Reaches Agreement to Acquire Replicon, A Global Provider of Knowledge Workforce Management Solutions for Project and Service-Centric Organizations
Deltek, a leading provider of software for project-based businesses, has announced its intention to acquire Replicon, a unified time tracking solutions provider. Replicon's software, which integrates project delivery, finance, and HR on a s
EarningsWorkday Announces Fiscal 2024 First Quarter Financial Results
Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over Year Subscription Revenues of $1.53 Billion, Up 20.1% Year Over Year 24-Month Subscription Revenue Backlog of $9.79 Billion, Up 22.9% Year Over Year Total Subscripti
Venture CapitalTech startup Qualifi Raises $4.5M with a mission to transform High-Volume Hiring
May 17, 2023 Qualifi , the enterprise solution for high-volume hiring, today announced it has received $4.5M in funding to accelerate the company into a new growth phase of development. The financing round was co-led by m]x[v Capital and
Product NewsLinkedIn Adjusts China Strategy: Cuts Jobs and Phases Out InCareer App Amid Competition
LinkedIn, the Microsoft-owned professional networking platform, has announced that it will be cutting 716 jobs and phasing out its local jobs app, InCareer, in China. The decision comes in the wake of "fierce competition and a challenging m
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