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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300ITA Group acquires Cooleaf to form industry-leading employee engagement solution
ITA Group, a leader in employee engagement solutions based in West Des Moines, Iowa, has announced the acquisition of Cooleaf, an innovative recognition and rewards SaaS platform, on April 2, 2024. This strategic move enhances ITA Group's o
Venture CapitalBorderless AI Launches from Stealth with $27M Investment to Bring World's First AI Agent to HR Space
Borderless AI, an AI-powered startup, has emerged from stealth with a $27 million seed investment aimed at revolutionizing the HR industry. The company specializes in developing AI agents designed to automate and streamline the process of o
Company NewsAlight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Alight , Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move
HR TechnologyBirth of the First AI Engineer: How Devin is Redefining the Software Industry
In the cutting-edge realm of artificial intelligence and software development, a revolutionary milestone has been reached with the introduction of Devin, the world's first fully autonomous AI software engineer. Created by the innovative min
Venture CapitalHR Solution Remofirst Raises $25 Million Series A Funding to Make it Affordable and Easy to Employ Global Remote Teams
Remofirst , a leading HR tech platform specializing in global employment and compliance solutions, has successfully raised $25 million in a Series A funding round. The funding was led by Octopus Ventures, with contributions from existing in
Product NewsVerve Motion Unveils Integrated Software and Data Analytics Platform to Elevate Industrial Worker Safety and Operations with its Wearable Robotics Exosuit
Verve Motion has launched a revolutionary software and data analytics platform, Verve Logic, which integrates with their SafeLift exosuit to improve industrial worker safety and operational efficiency. The platform analyzes data from sensor
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
EarningsServiceNow Reports Fourth Quarter and Full-Year 2023 Financial Results
ServiceNow , a leader in digital workflow solutions, has exceeded its guidance in all top-line growth and profitability metrics for Q4 2023. The company reported a remarkable 27% year-over-year growth in subscription revenues, reaching $2,3
Product NewsYellow.ai Announces Listing of its Generative AI-powered Voicebots and Chatbots on Zendesk Marketplace
The listing will enable enterprises to deliver human-like experiences through Yellow.ai's Dynamic Automation Platform (DAP), leading to 60 percent reduction in operational costs. SAN MATEO, Calif. , Dec. 12, 2023 Yellow.ai , a global lea
Venture CapitalKahuna Workforce Solutions Raises $21M in Series B to Transform Frontline Skills Management
Kahuna Workforce Solutions recently secured a $21 million Series B funding from Resolve Growth Partners to enhance its skills management technology for frontline workers. This significant investment marks a milestone in Kahuna's growth traj
Company NewsWorkday Announces Fiscal 2024 Third Quarter Financial Results
·Fiscal Third Quarter Total Revenues of $1.87 Billion, Up 16.7% Year Over Year ·Subscription Revenues of $1.69 Billion, Up 18.1% Year Over Year ·12-Month Subscription Revenue Backlog of $6.05 Billion, Up 21.9% Year Over Year PLEASANTON, C
Venture Capital1up Secures $2.5 Million to Revolutionize Knowledge Automation in Sales
1up has successfully raised $2.5 million in funding from investors like 8-Bit Capital and RRE Ventures to advance its Knowledge Automation Platform. The platform is designed to automate knowledge for sales teams, enabling them to answer com
Company NewsFactorial Acquires YC-Backed Fuell, Expands Into Expense Management Market
Factorial, a leading HR software solutions provider, has acquired Fuell, a Spain-based expense management startup. This marks Factorial's first acquisition and product expansion, positioning it as Europe's first integrated HR and expense ma
Venture CapitalTeamSense Secures $4 Million in Funding to Revolutionize Communication for Hourly Manufacturing Workers
TeamSense, a Seattle-based company that has developed an app-free platform for hourly employees in the manufacturing sector. The platform allows these "deskless" workers, who make up 70-80% of the global workforce, to manage attendance, com
Company NewsOneSource Virtual Joins the Highline's Payroll Payments Network To Provide Employee Financial Health And Well-Being Solutions
OneSource Virtual (OSV), the leading provider of services for Workday, and an innovator of extensible applications built on Workday technology, announces a first-of-its-kind partnership with Highline , a fintech company transforming payme
Venture CapitalAxuall Raises Series B-1 from Frist Cressey Ventures Which Backs Its Rapid Expansion
CLEVELAND, August 2, 2023 -- Axuall has announced the addition of First Cressey Ventures to its investor family with a Series B-1 investment following the company’s Series B funding in May 2023. Axuall has raised over $41 million from a com
Venture CapitalMultinational Businesses Cheer UKG Acquisition of Immedis: Launch of UKG One View Transforms How Businesses Pay People Around the World
LOWELL, Mass., and WESTON, Fla., July 12, 2023 — UKG , a leading provider of HR, payroll, and workforce management solutions for all people, has completed the acquisition of Immedis , a leading global payroll provider with technology and s
Venture CapitalPerceptionPredict Announces Strategic Acquisition, Expands Footprint into SMB Market
PerceptionPredict , a pioneer in performance intelligence systems for enterprise talent acquisition teams is elated to announce the strategic acquisition of a renowned company specializing in applicant tracking workflow tools for small-to-m
Venture CapitalUKG Transforms Multi-country Payroll with Agreement to Acquire Immedis from CluneTech
Acquisition propels UKG into a global HCM leadership position, with creation of the industry’s most adaptable, intelligent “schedule to fund in one” experience for multinational businesses LOWELL, Mass., and WESTON, Fla., June 6, 2023 — To
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
Company NewsIgniteTech Announces Addition of Jive Software to Company's Leading Solutions
AUSTIN, Texas -- IgniteTech™ , the company "Where Software Goes to Thrive™," today announced that Jive Software is now part of its set of leading software solutions for enterprise customers. Because of Jive's global reach and record of succ
Company NewsScreenCloud And Google Deepen Collaboration, Further Elevating The Workplace Experience For Hundreds Of Thousands Of Frontline Employees
ScreenCloud announced its cloud-based, all-in-one digital signage platform has been recognized by Google as a Chrome Enterprise Recommended solution in the kiosk and digital signage category. This recognition from Google is a testament to
Venture CapitalLMS365 Raises $20 Million to Enhance Employee Training through Microsoft Integration
LMS365 , a Danish online learning management system (LMS) designed for seamless integration with Microsoft products, has secured $20 million in its first institutional funding round. The platform, which is utilized by companies such as logi
HR TechnologyMagnit Announces Skills-Based Advisory Services To Redefine Approach To Talent Sourcing And Retention
Magnit , the industry-leading Integrated Workforce Management (IWM) platform provider, today announced that it has added new skills-based advisory services to its flagship platform to support a more strategic approach to hiring that focuses
Venture CapitalEmployee Recognition Platform Provider Bonusly Raises $18.9 Million in Series B Financing, Led by Ankona Capital
No. 1 Employee Recognition Platform Provider Expands its Organizational Analytics Capabilities, Empowering Organizations to Make Data-Driven Decisions and Maximize Performance BOULDER, Colo. , Feb. 28, 2023 -- Bonusly , an engaging recog
EarningsAMN Healthcare Announces Fourth Quarter and Full Year 2022 Results, Revenue Falls 17% in Q4 with Decline in ‘Nurse and Allied Solutions,’ Revenue up in Other Segments
Quarterly revenue of $1.13 billion , 4% above high end of guidance; GAAP EPS of $1.88 and adjusted EPS of $2.48 DALLAS, Feb. 16, 2023 -- AMN Healthcare Services , Inc. (NYSE: AMN), the leader and innovator in total talent solutions for
Company NewsComments from Jigsaw Cloud: Litmos LMS sold by SAP
On December 1, 2022, SAP sold Litmos LMS to Francisco Partners, a private equity company based in California. Litmos was originally acquired by SAP as part of their acquisition of Callidus back in April 2010. Callidus was purchased for its
Venture CapitalZylo Secures $31.5M Series C to Help Companies Reduce SaaS Costs and Operationalize Renewals
SaaS management leader accelerates growth and doubles new business during record-setting year; new investor Baird Capital leads round INDIANAPOLIS , Nov. 29, 2022 -- Zylo , the enterprise leader in SaaS Management, today announced $31.5
Venture CapitalPINATA Raises $10M Series A to Optimize Front-Line Workforces as Recession Looms
PINATA announces the close of a $10 million Series A for its rapidly growing workforce-optimization platform. The round, led by M13 and Bullpen Capital with additional participation from the company’s seed investors, will further PINATA’s m
Company NewsWorkday Global Study: Professional Services Leaders Say Digital Transformation Is Key to Resilience
Only 38% of professional services leaders say their organization is digitally well equipped to ensure business continuity in times of crisis. We talk with Workday’s Patrice Cappello and Justin Joseph to learn what this new research means an
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