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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Paylocity Reports $363M Q1 Revenue with 14% Growth, Driven by Airbase Acquisition
Paylocity 's first-quarter fiscal 2025 report highlights a strong start, with 14% growth in recurring and total revenue year-over-year, reaching $363 million. The recent acquisition of Airbase marks an expansion into finance and spend manag
Company NewsDayforce Reports Impressive Q3 2024 Results: $440 Million in Total Revenue, 19% Growth in Recurring Revenue
Dayforce, a global leader in human capital management technology, reported strong financial performance for Q3 2024, with a notable increase in total revenue to $440.0 million, up 17% year-over-year. Recurring revenue from the Dayforce plat
Company NewsLattice's 2025 State of People Strategy Report: HR at a Crossroads with AI, DEIB, and Manager Engagement
Lattice 's 2025 State of People Strategy Report reveals that HR is at a critical juncture, facing challenges like declining employee engagement, reduced DEIB prioritization, and the slow adoption of AI. The report emphasizes the importance
Product NewsLinkedIn’s first AI agent, Hiring Assistant
LinkedIn has entered the AI agent market with its new Hiring Assistant , aiming to streamline up to 80% of the pre-offer recruitment workflow. The tool integrates directly into LinkedIn's platform, enhancing recruiter productivity and candi
Company NewsWorkday Named a Leader in 2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Ninth Consecutive Year
Workday has been recognized as a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for the ninth consecutive year, noted for its ability to execute and innovate. Workday’s AI-powered Illuminate platform enhances workforce management
Product NewsSAP SuccessFactors Second Half 2024 Product Release: Embedding AI Across SAP SuccessFactors HCM
The SAP SuccessFactors 2H 2024 release brings over 250 innovative features, including 30 new AI capabilities designed to transform HR management. Key updates include enhanced AI-driven job recommendations, skills architecture creation, and
EarningsTriNet’s Q3 2024 Results: Strong Retention Despite Profit Challenges
TriNet, a leading provider of HR solutions for SMBs, reported its Q3 2024 financial results. Total revenues grew by 1%, reaching $1.2 billion, while net income declined to $45 million from $94 million year-over-year, reflecting increased he
Venture CapitalOLOID Gains Momentum with $6M Series A1 Funding and Completes Workday Certified Integration, Driving Expansion in Workplace Identity Solutions
OLOID, a pioneer in workplace identity management, has raised $6 million in a Series A1 funding round, led by Yaletown Partners and other strategic investors. This funding will further OLOID’s growth in providing passwordless access and ide
Venture CapitalTalentNeuron Acquires HRForecast, Launches First Unified Strategic Workforce Planning Platform
TalentNeuron, backed by Leeds Equity Partners, has acquired HRForecast, a strategic workforce planning and skills management software provider. This acquisition will create the first end-to-end platform integrating internal workforce data w
Company News28 Higher Education Institutions Go Live with Workday Student in 2024
Workday Student, a next-generation AI-powered platform, is revolutionizing higher education institutions by integrating academic, financial, and HR operations. With the support of Workday Illuminate, this platform enables 28 institutions li
Venture CapitalMPAY Expands with Web Payroll Acquisition: A Game-Changer for Texas Businesses
MPAY, a leader in payroll and human capital management solutions, completed its acquisition of Web Payroll & Tax Solutions. This move is part of MPAY’s ongoing strategic expansion, following two earlier acquisitions in 2024. Web Payroll, kn
Product NewsUnily Introduces First-Ever Bring-Your-Own AI Assistant Platform
Unily has launched the Insight Center, a pioneering solution for integrating and managing digital assistants through its Bring-Your-Own-Assistant (BYOA) capability, offering enterprises flexibility and governance in AI adoption. In addition
Product NewsSmartRecruiters Unveils Winston: AI That Keeps Hiring Human
SmartRecruiters has launched Winston, an AI-powered recruiting companion designed to revolutionize the hiring process by automating and optimizing various tasks such as candidate screening and interview scheduling. Built as part of the Smar
Product NewsCornerstone 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
Product NewsPaylocity Unveils AI Assistant to Transform HR Efficiency
Paylocity has launched its new AI Assistant, a conversational tool designed to simplify and accelerate HR processes for professionals and employees alike. Integrated into the Paylocity platform, the AI Assistant provides real-time, contextu
Product NewsPerceptyx Launches CWT: Empowering Leaders with Data for Superior Employee Experience
Perceptyx , a leader in employee experience transformation, launched the Center for Workforce Transformation (CWT) on October 15, 2024. CWT is dedicated to improving workplaces through data-driven research and actionable insights. It will f
Venture CapitalZeal Raises $15M to Revolutionize Payroll for the Gig and Modern Workforce
Zeal , a leading payroll platform for modern workforces, has secured $15 million in a Series B funding round led by Portage, with contributions from Spark Capital and Commerce Ventures. This funding will drive innovations in payroll automat
Venture CapitalCareerminds Acquires Progression To Enhance AI-Driven Career Development Solutions
Careerminds , a global provider of outplacement and career development services, has acquired Progression , a UK-based SaaS company specializing in AI-powered career framework solutions. Progression's platform helps organizations build scal
Product NewsRival Announces Rival Workflow: A Scalable Solution for Automation Across the Employee Experience
Rival has launched Rival Workflow, the latest iteration of its renowned Redcarpet technology, designed to streamline the employee experience across the entire HR lifecycle, from onboarding to offboarding. The platform offers customizable wo
Product NewsThe Best Answer, Inc. Acquires Lluna, Inc., Expanding Its AI-Powered Culture Success Platform
The Best Answer, Inc. (TBA), a leader in AI-powered culture success solutions, has acquired Lluna, Inc., a Philadelphia-based platform dedicated to building equitable workplace cultures. The acquisition aligns with TBA's mission to support
Venture CapitalPaylocity Announces Completion of Acquisition of Airbase Inc.
Paylocity has successfully completed the acquisition of Airbase Inc., a spend management platform. This acquisition allows Paylocity to integrate Airbase’s finance tools, including bill pay, expense management, and procurement, into its clo
Product NewsWorkstream Launches First All-in-One Payroll Solution for the Hourly Workforce
Workstream has launched an all-in-one payroll solution tailored specifically for businesses that employ hourly workers, such as QSR franchisees and restaurants. This new offering addresses critical needs identified in a survey of 250 HR lea
Venture CapitalWrapbook Secures $20 Million in Funding, Valued at $750 Million: Transforming Production Finance with Innovative Solutions
Wrapbook , a leader in production finance and accounting for the entertainment industry, has secured a $20 million investment from Bessemer Venture Partners, bringing its valuation to $750 million. This investment goes beyond financial grow
Product NewsServiceNow Releases New HR Innovations, Empowering Leaders to Fuel Employee and Business Growth
ServiceNow announced its latest HR innovations at the HR Technology Conference, aimed at enhancing employee communications and engagement. The new capabilities include improvements in Talent Development and Employee Journey Management, givi
Product NewsPaycor Launches Cutting-Edge Time-Off Management Tools to Boost Productivity
Paycor HCM, Inc. has announced innovative time-off management features that streamline operations and improve employee well-being. These new tools enhance real-time visibility, automate approval processes, and help leaders prevent burnout.
Product NewsADP Unveils Lyric: The Flexible, Intelligent and Human-Centric Global HR Platform
ADP has launched Lyric HCM , a Human Capital Management (HCM) platform leveraging GenAI to enhance personalized employee experiences on a global scale. Lyric offers a comprehensive solution by combining flexibility, intelligence, and human-
Product NewsAlvaria’s Workforce Enterprise Suite Becomes Aspect
Alvaria , a leader in workforce management and contact center technology, is reviving its legacy brand, Aspect , as part of a new growth era under CEO Darryl Kelly. Aspect, which will operate as an Alvaria-owned subsidiary, is reintroduced
Product NewsKula Unveils the First AI-Powered All-In-One Hiring Platform for Recruiters
Kula has launched a comprehensive AI-powered platform to transform the hiring process, offering solutions from sourcing and applicant tracking to interview scheduling and analytics. The platform integrates advanced AI features, making the r
Product NewsRandstad Debuts New App, Revolutionizing Connection Between Employers and Talent
Randstad, the world’s largest talent partner, has launched a new app designed to transform the connection between employers and job seekers. This AI-driven, two-sided marketplace gives job seekers unprecedented control over their employment
Product NewsHireClix Launches Maps for Career Sites, Improving Candidate Experiences
HireClix , a leader in recruitment marketing services, has introduced a new dynamic map technology feature to its career site solutions, enhancing job seekers' experience by providing an interactive way to explore job opportunities in a geo
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