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Company News

Paylocity Announces Second Quarter Fiscal Year 2025 Financial Results

Paylocity reported strong financial results for Q2 FY2025, with total revenue reaching $377.0 million, a 16% YoY increase. Recurring & other revenue grew 17% YoY to $347.7 million, driven by strong sales and product innovation. GAAP operati

Feb 7, 2025
Company News

Paycor Reports 13% Revenue Growth in Q2 FY 2025, Announces $4.1B Acquisition by Paychex

Paycor HCM, Inc. (Nasdaq: PYCR) reported a 13% YoY revenue increase to $180.4 million in Q2 FY 2025, alongside improved operating margins. The company's adjusted operating income grew 36% to $31.8 million , while net loss significantly narr

Feb 5, 2025
Venture Capital

Conversational AI Leader Paradox Acquires People Analytics Platform Eqtble to Advance AI Vision

Paradox , a leader in conversational AI for talent acquisition, has acquired people analytics platform Eqtble . The acquisition aims to enhance AI-driven hiring intelligence by integrating Eqtble's expertise in workforce analytics with Para

Feb 5, 2025
Company News

Workday Announces Workforce Reduction of 1,750 Employees to Optimize Operations

Workday (NASDAQ:WDAY) is cutting 1,750 jobs, representing about 8.5% of its workforce, as part of a broader initiative to improve operational efficiency and refocus on core business areas. Despite the layoffs, Workday plans to continue hiri

Feb 5, 2025
Company News

Dayforce Reports $1.76B in Revenue for 2024, Driving HR Tech Growth

Dayforce , a leading human capital management (HCM) technology provider, reported strong financial results for Q4 and FY 2024, with total revenue reaching $1.76 billion (up 16.3% YoY) and recurring revenue climbing to $1.34 billion (up 20.6

Feb 5, 2025
Venture Capital

ASGN Incorporated to Acquire TopBloc, A Preferred Workday Services Partner

ASGN Incorporated (NYSE: ASGN), a leading IT services provider, has announced its acquisition of TopBloc, a high-growth Workday consultancy, for $340 million in cash and equity. This move positions ASGN as a key player in the expanding Work

Feb 5, 2025
Company News

Nationally Acclaimed Government Organization Creates Flexible, Empowering Workforce Experience with UKG

Western DuPage Special Recreation Association (WDSRA), a government organization offering inclusive programs for individuals with special needs, has implemented the UKG Ready suite to streamline HR, payroll, and workforce management. By ado

Feb 5, 2025
Venture Capital

Deel Secures New Investors in $300M Secondary Share Sale, Achieves $800M Run-Rate

Deel , a global leader in payroll and HR technology, announced that new anchor investors, including General Catalyst and a sovereign fund, have acquired $300 million in secondary shares from early investors. This is not new funding but a se

Feb 4, 2025
Company News

Kforce Reports Fourth Quarter 2024 Revenue of $343.8 Million; Full Year 2024 EPS of $2.68 Per Share; Board of Directors Approves Increase in Quarterly Dividend for Sixth Consecutive Yea

Kforce   Inc. (NYSE: KFRC) reported Q4 2024 revenue of $343.8 million , a 5.4% YoY decline , with a full-year 2024 revenue of $1.41 billion , down 7.4% YoY . Despite a stabilized demand for technology services, earnings per share (EPS) fell

Feb 3, 2025
Venture Capital

SquarePeg Raises $3.5M to Revolutionize AI-Driven Recruiting for Lean HR Teams

SquarePeg has raised a $3.5 million seed round led by Next Frontier Capital, with participation from Acadian Ventures, Bread & Butter Ventures, and Silicon Road Ventures, to refine its AI-driven candidate evaluation platform. Designed for m

Feb 3, 2025
Venture Capital

ADP acquires Procesamiento Externo de Información, S.C. (PEI) in Mexico

ADP (Nasdaq: ADP) has acquired Procesamiento Externo de Información, S.C. ( PEI ), a Mexico-based payroll solutions provider. This acquisition strengthens ADP’s global presence in Latin America by integrating PEI’s domestic expertise with A

Jan 31, 2025
Venture Capital

Final Round AI Secures $6.88M in Oversubscribed Seed Funding to Transform the Job Search Journey

Final Round AI  has raised an oversubscribed $6.88 million seed funding round, led by Uncork Capital and supported by investors like HF0, Linear Capital, and Sky9 Capital. The company is redefining job searches with its Interview Copilot ,

Jan 30, 2025
Company News

Coursera Reports Fourth Quarter and Full Year 2024 Financial Results

Coursera (NYSE: COUR) announced its Q4 and full-year 2024 financial results, reporting $694.7 million in revenue for the year, a 9% increase from 2023. The company achieved positive Adjusted EBITDA of $41.5 million , marking a financial tur

Jan 30, 2025
Company News

ManpowerGroup Reports 4th Quarter 2024 Results

ManpowerGroup (NYSE: MAN) reported Q4 2024 revenues of $4.4 billion, marking a 5% YoY decline (-3% in constant currency). The company recorded net earnings of $22.5 million, or $0.47 per diluted share, reversing a $84.5 million net loss in

Jan 30, 2025
Column

For Ninth Time, UKG Ranked #1 in North American Midmarket Use Case in the Gartner Critical Capabilities for Cloud HCM Suites for 1,000+ Employee Enterprises Report

UKG has been ranked highest for the ninth consecutive year in the 2024 Gartner® Critical Capabilities for Cloud HCM Suites for 1,000+ Employee Enterprises in the North American Midmarket Use Case. Their AI-driven UKG Pro HCM suite empowers

Jan 28, 2025
Product News

UneeQ 2.0: Redefining AI Digital Workforces with Emotionally Intelligent Avatars

UneeQ has launched UneeQ 2.0, a next-generation platform revolutionizing AI digital workforces with emotionally intelligent, personality-driven avatars. These digital humans offer sub-one-second response times, 4K ultra-HD rendering, and cu

Jan 21, 2025
Venture Capital

ServiceNow accelerates agentic AI roadmap with acquisition of AI native conversation data analysis platform Cuein

ServiceNow  announced its acquisition of Cuein, an AI conversation data analysis leader, to enhance its platform's capabilities in transforming customer interactions into actionable insights. This move accelerates ServiceNow's agentic AI ro

Jan 17, 2025
Venture Capital

Maki Secures $28.6M to Revolutionize Talent Acquisition with Conversational AI

Maki , a leader in conversational AI for HR, has secured $28.6 million in Series A funding to redefine how organizations approach talent acquisition. With rapid growth in 2024 and large-scale partnerships with Fortune 500 companies, Maki’s

Jan 15, 2025
Venture Capital

Employment Hero acquires Canadian employment platform Humi in $100M+ global expansion move

Employment Hero, a global leader in employment solutions, has announced the acquisition of Humi, a Canadian employment platform, in a deal worth over CAD $100 million. This strategic move strengthens Employment Hero’s global expansion while

Jan 10, 2025
Product News

TriNet Launches Enhanced HR Plus Offering That Provides Exceptional Service Enabled by Advanced Technology for Small and Medium-Size Businesses

TriNet, a leader in HR solutions for small and medium-size businesses (SMBs), has launched its enhanced HR Plus offering, an Administrative Services Organization (ASO) solution. Designed to simplify HR, payroll, and benefits management, the

Jan 8, 2025
Venture Capital

Paychex Acquires Paycor HCM for $4.1 Billion: A Game-Changer in HR Technology

Paychex, Inc. has agreed to acquire Paycor HCM, Inc. in a $4.1 billion all-cash transaction, marking a significant milestone in the HCM software industry. Apax Partners, Paycor's majority stakeholder since 2018, has been instrumental in dri

Jan 7, 2025
Company News

Paychex Q2 FY2025: Revenue Reaches $1.32 Billion, 5% Growth Driven by HR and PEO Solutions

Paychex , Inc. reported a robust second quarter for fiscal 2025, showcasing a 5% year-over-year revenue growth, amounting to $1.32 billion, and a 6% increase in diluted earnings per share to $1.14. Excluding the Employee Retention Tax Credi

Dec 19, 2024
Venture Capital

Twill Raises $1.4M to Redefine Tech Hiring Through Expert-Driven Recommendations

Twill , a next-generation talent platform, has secured $1.4M in pre-seed funding led by Bloomberg Beta to revolutionize technical hiring. By utilizing peer recommendations and a community of vetted tech professionals, Twill ensures companie

Dec 17, 2024
Venture Capital

AI-Powered Recruitment Platform Pin Launches Out of Stealth With $3 Million to Cut Hiring Time by 70%

Pin , an innovative AI-powered recruitment platform, emerges from stealth mode with a $3 million seed funding led by Expa Ventures. By automating the most time-consuming hiring tasks, Pin reduces time-to-hire by 70%, offering businesses a f

Dec 12, 2024
Product News

Reejig Releases Workforce Reinvention Blueprint, Proprietary Data Guiding Leaders to Bold and Responsible AI Implementation

Reejig , a global leader in workforce intelligence, has unveiled its Workforce Reinvention Blueprint , a first-of-its-kind analysis providing actionable insights into how AI can reshape industries. Drawing on over 130 million job records an

Dec 10, 2024
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
Product News

Talroo Launches Apply Intelligence™: Redefining AI-Powered Recruitment

Talroo has unveiled Apply Intelligence™, a groundbreaking suite of free AI-based features aimed at transforming the hiring process for employers and enhancing the job search journey for candidates. Leveraging advanced AI tools like SmartMat

Dec 9, 2024
Column

ADP National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay was Up 4.8%

The November ADP National Employment Report reveals a 146,000-job increase in the private sector, with annual pay up by 4.8% year-over-year. This independent report, derived from anonymized payroll data from over 25 million employees, offer

Dec 4, 2024
Venture Capital

Aya Healthcare to Acquire Cross Country Healthcare for Approximately $615 Million in Cash

Aya Healthcare is set to acquire Cross Country Healthcare in a $615 million all-cash transaction, offering a 67% premium per share. This strategic move will integrate Cross Country’s 40-year expertise with Aya’s market-leading technology an

Dec 4, 2024
Column

Workday FY2025 Q3: $2.16 Billion Revenue Marks 15.8% Growth, Fueled by Subscription Success and AI Innovation

Workday has reported strong Q3 FY2025 results, with total revenues of $2.16 billion (+15.8% YoY) and subscription revenues of $1.959 billion (+15.8% YoY). Operating income rose to $165 million, and non-GAAP diluted EPS reached $1.89, showca

Nov 26, 2024
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