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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Cornerstone Introduces AI-Powered Virtual Companions
Cornerstone OnDemand Inc. , has introduced Immerse Companion, a generative AI-powered solution designed to enhance personalized learning, coaching, and expert-led skill-building in real-time. Unveiled at UNLEASH World 2024, Immerse Companio
Venture CapitalADP Acquires WorkForce Software
ADP , a leader in human capital management solutions, has announced its acquisition of WorkForce Software, a company specializing in workforce management for large global enterprises. This strategic move enhances ADP's global workforce mana
Venture CapitalGuild Announces Acquisition of Nomadic, a Leading Capability Academy; Introduces Guild Talent Advantage
Guild has announced its acquisition of Nomadic Learning , a capability academy company, to launch Guild Academy, a product that integrates education, skilling, and AI-driven insights into a comprehensive platform. The new Guild Talent Adv
ColumnPaychex, Inc. Reports Solid First Quarter Results
Paychex, Inc. reported solid financial results for the first quarter of fiscal 2025, with a 3% increase in total revenue, reaching $1.3 billion. Adjusted diluted earnings per share rose by 2%, despite challenges such as the expiration of th
Product NewsEightfold AI Launches Talent Design: Transforming HR with Gen AI
Eightfold AI has introduced Eightfold Talent Design , an AI-powered solution aimed at transforming how organizations manage and develop their workforce's skills. With the rapid evolution of job roles and emerging critical skills, traditiona
Company NewsUKG Ready Simplifies Pay, Culture, and People Operations with Enhancements to All-in-One Suite
UKG has expanded its UKG Ready HR Suite with modified versions of three popular applications: UKG Bryte, UKG Great Place To Work Hub, and UKG One View. These tools, previously available only to large enterprises, are now tailored for small
Venture CapitalVahan.ai Secures $10M in Series B Funding to Expand AI-Driven Blue-Collar Recruitment Across India
Vahan.ai, an AI-driven recruitment platform focused on India’s gig workforce, has raised $10 million in a Series B funding round led by Khosla Ventures. Key participants include Y Combinator and Paytm's Vijay Shekhar Sharma. The funding wil
Venture Capital11xAI Raises $24 Million Series A Led by Benchmark to Revolutionize Digital Workforce with AI Agents
11xAI has raised $24 million in Series A funding led by Benchmark to accelerate the development of AI-powered digital workers and expand globally. Addressing the fragmented Go-to-Market (GTM) tools landscape, 11xAI offers AI agents like Ali
Company NewsSurePeople Launches Proprietary, AI-Powered Coaching and Team Collaboration Tools, Names Accomplished HR Tech SaaS Executive as CEO
SurePeople , a leader in people intelligence software, has launched a new AI-powered mobile application featuring SureTools, designed to enhance team collaboration and coaching. The app utilizes Prism®, a psychometric tool measuring 54 trai
Company NewsUKG 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
Venture CapitalRen Systems Secures $3.5M to Revolutionize Deal-Making with AI-Powered Insights
Ren Systems has secured a $3.5 million financing round led by JLL Spark Global Ventures, with participation from Camber Creek, ZoomInfo, and Contour Ventures, to enhance its AI-powered relationship intelligence technology. Ren, designed for
NewsUKG Eases Burden on Small HR Team in Managing Complex Payroll, Compliance, and People Practices
UKG Ready® is transforming workforce management at the Associated Students of California State University, Chico, a student-led auxiliary that operates university services like cafeterias and childcare centers. By leveraging the all-in-one
Venture CapitalL2L Acquires SwipeGuide: The Future of the Connected Workforce Is Here
L2L , a leader in connected workforce solutions, has acquired SwipeGuide, a pioneer in mobile-first training and visual job aids for manufacturing employees. This strategic move integrates SwipeGuide's innovative training solutions into L2L
Company NewsSmall and Mid-sized Businesses Simplify Payroll with UKG Ready
The UKG Ready ® HR Suite has been recognized on the Constellation ShortList™ for SMB HCM Suites, marking it as a top choice for small and mid-sized businesses in North America. The suite offers comprehensive tools for HR, payroll, and ti
Venture CapitalMilan-Based Skillvue Raises $2.8M to Lead Skills-Based Recruitment Revolution
Skillvue , an HR tech startup based in Milan, announced a $2.8 million funding round for its AI platform, which facilitates a skills-based approach in recruitment, talent development, and internal mobility. Founded in 2021 by Nicolò Mazzocc
Company NewsUKG Labs Ecosystem Doubles in Size, Adds Nine New Startups
UKG has announced that its UKG Labs, an in-house global startup ecosystem and virtual laboratory, has expanded to include 20 companies. This program accelerates innovation for the frontline workforce by supporting early-stage companies that
Product NewsThe Josh Bersin Company Launches HR Career Navigator: The World's First AI-Powered Development Coach for HR Professionals
The Josh Bersin Company has launched the HR Career Navigator™, the world’s first AI-powered development coach specifically designed for HR professionals. This platform leverages over 25 years of research combined with Eightfold’s Talent Int
Company NewsUKG Wins Global Payroll Industry’s Top Honor
UKG has been named the 2024 Global Payroll Supplier of the Year by the Global Payroll Association for its innovative UKG One View solution, which simplifies multi-country payroll processes for global organizations. The award highlights UKG'
Company NewsPaycor’s FY 2024 Results: 19% Revenue Surge Driven by HR Tech Innovation
Paycor announced its financial results for the fourth quarter and fiscal year 2024, showing a 19% increase in total annual revenue, reaching $654.9 million. The company introduced a new Compensation Management solution and expanded its API
Company NewsFirst Advantage Posts Solid Q2 2024 Results; Anticipates Sterling Acquisition Closure by Q4
First Advantage Corporation reported second quarter 2024 results, showing revenue of $184.5 million and a net income of $1.9 million, which includes $9.2 million in expenses related to the acquisition of Sterling Check Corp. Adjusted net in
Company NewsUpwork 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
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20
EarningsDayforce 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
Product NewsCangrade Launches Innovative Candidate Matching and Internal Talent Marketplace for Enhanced Recruitment and Employee Engagement
Cangrade has unveiled two groundbreaking products, Candidate Matching and Internal Talent Marketplace, designed to revolutionize recruitment efficiency and employee engagement. These AI-driven tools optimize talent acquisition and interna
Company NewsUKG Names Jennifer Morgan as Chief Executive Officer
UKG, a leading provider of HR, payroll, workforce management, and culture solutions, has appointed Jennifer Morgan as its new CEO. Morgan, a former Co-CEO of SAP and a member of UKG's Board of Directors since 2021, succeeds Chris Todd, who
EarningsRobert Half Reports $68M Net Income in Q2 2024 Amid Macroeconomic Pressures
Robert Half Inc. reported its second-quarter financial results for 2024, revealing a net income of $68 million, or $0.66 per share, on revenues of $1.473 billion. This reflects a decrease from the same period in 2023, which saw a net income
Venture CapitalPassionfruit Closes $9m Series A Funding to Scale its Platform for Independent Work
Passionfruit , a London-based start-up founded in 2022, has secured $9 million in Series-A funding from prominent investors, including Seaya, Firstminute, and Playfair Capital. The platform connects freelance workers with companies such as
Company NewsAlight's $1.2 Billion Sale of Payroll and Professional Services Business to H.I.G. Capital: Introducing Strada
Alight , Inc. (NYSE: ALIT), a leading human capital technology and services provider, has completed the sale of its Professional Services and Payroll & HCM Outsourcing businesses to H.I.G. Capital for up to $1.2 billion. The newly independe
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,"
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