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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Helios Raises $15.5M to Transform Global Payroll & Workforce Management with AI
Helios , an AI-powered workforce management platform, has secured $15.5 million in seed funding to enhance how global companies hire, manage, and pay their teams compliantly. Founded by HR tech innovator Rick Hammell, Helios integrates payr
Venture CapitalPaychex’s Acquisition of Paycor Advances as HSR Waiting Period Ends
Paychex has announced the expiration of the Hart-Scott-Rodino (HSR) antitrust waiting period, marking a key milestone in its planned acquisition of Paycor HCM. This development clears a major regulatory hurdle, bringing the deal closer to c
ColumnWorkday Reports $8.446B Revenue in FY2025, Subscription Growth Hits 16.9%
Workday reported robust financial results for fiscal 2025, highlighting significant year-over-year growth in both total and subscription revenues. Fourth quarter total revenues reached $2.211 billion, up 15%, while subscription revenues ros
Venture CapitalAI-Driven Hiring Platform Mercor Secures $100M Series B, Reaching $2B Valuation Amid Rapid Growth
Mercor , an AI-driven recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B funding round, valuing the company at $2 billion. Led by Felicis, with participation from Benchmark, General Catalyst
Company NewsAlight Reports Q4 2024 Earnings: $680M Revenue with 9.8% BPaaS Growth
Alight, Inc. (NYSE: ALIT) reported its fourth quarter and full-year 2024 financial results, demonstrating resilience despite a slight revenue decline. Q4 revenue stood at $680 million, with Business Process as a Service (BPaaS) revenue grow
Venture CapitalTalent Intelligence Leader Loxo Raises $115M to Revolutionize AI Recruiting with Tritium Partners Investment
Loxo , a leading AI-powered talent intelligence platform, has secured a $115 million growth investment led by private equity firm Tritium Partners . This funding will accelerate AI and product development , further solidifying Loxo's positi
Venture CapitalKKR Acquires Stake in HRM Platform Employment Hero from SEEK Investments
KKR, a leading global investment firm, has acquired a stake in Employment Hero, a prominent HR management platform, from SEEK Investments. Despite this transaction, the SEEK Growth Fund will continue as a material investor in the company. E
Company NewsTriNet Reports $5.1 Billion FY 2024 Revenue with Strategic Growth Outlook
TriNet (NYSE: TNET), a leading provider of human capital management (HCM) solutions for SMBs, reported its Q4 2024 and full-year financial results. Revenue grew by 1% YoY to $1.3 billion for Q4 and $5.1 billion for FY 2024. Despite record w
Venture CapitalHiBob Acquires Mosaic for $35 Million to Integrate HR and Financial Planning
HiBob has announced its acquisition of Mosaic , a leading Financial Planning and Analysis (FP&A) platform, to bridge the gap between HR and finance for mid-sized businesses. This integration will empower companies with real-time insights
Company NewsPaycom Software, Inc. Reports Fourth Quarter and Year-End 2024 Results
aycom Software, Inc. (NYSE: PAYC) reported strong financial results for Q4 and full-year 2024. The company achieved $1.88 billion in annual revenue, up 11% year-over-year , with a GAAP net income of $502 million (27% of total revenues). Adj
Company NewsThe Next Generation of Workforce Management is Here--Workday Unveils New Agent System of Record
Workday has introduced the Agent System of Record, a new AI-powered platform designed to help businesses manage their growing fleet of AI agents. This centralized system enables organizations to govern, track, and optimize both Workday and
Company NewsInsperity Announces Fourth Quarter and Full Year 2024 Results
Insperity (NYSE: NSP), a leading HR solutions provider, reported its Q4 2024 and full-year 2024 financial results, with revenues reaching $6.6 billion for the year, a 1% increase year-over-year. Net income stood at $91 million , while adjus
Company NewsPaylocity 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
Company NewsPaycor 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
Company NewsDayforce 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
Venture CapitalASGN 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
Company NewsNationally 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
Venture CapitalWorkwell Group Expands North American Presence with Acquisition of Eastridge Workforce Management
Workwell Group , a global leader in Human Capital Management (HCM) and Employer of Record (EOR) services, has acquired Eastridge Workforce Management (EWM) from Eastridge Workforce Solutions. This strategic acquisition strengthens Workwell’
Venture CapitalDeel 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
Venture CapitalADP 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
Company NewsCoursera 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
ColumnFor 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
Product NewsPaylocity Launches New Recruiting Features to Transform High-Volume Hiring
Paylocity has announced new features in its Recruiting platform to address the challenges of high-volume hiring, particularly in industries like retail and hospitality. These enhancements include streamlined recruiter scheduling, candidate
Venture CapitalBelfry Raises $12 Million Series A to Accelerate Innovation and Growth
Belfry Software , a platform designed for physical security providers, announced it has raised $12 million in Series A funding, led by Base10 Partners, with contributions from Bienville Capital and Aglaé Ventures. The funding increases Belf
Venture CapitalCanada-Based Borderless AI Secures $5M Seed Extension, Raising Total Funding to $32M for HR Tech Innovation
Borderless AI has introduced HRGPT, a transformative AI-powered search engine designed specifically for HR teams and employees. HRGPT enables real-time retrieval of internal HR data and external HR regulations while providing transparency t
Company NewsTennis Star Frances Tiafoe Signs as UKG Brand Ambassador
UKG , a global leader in HR, payroll, and workforce management solutions, has announced tennis star Frances Tiafoe as its latest brand ambassador. Known for his achievements on the ATP Tour and his dedication to diversity and philanthropy,
Venture CapitalEmployment 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
Product NewsTriNet 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
Venture CapitalOnPay Secures $100M+ in Funding to Transform SMB Payroll and HR Solutions
OnPay , a leading provider of payroll, HR, and benefits solutions for small and mid-sized businesses (SMBs), has raised over $100 million in funding. This includes a $63 million Series B round led by Carrick Capital Partners and a debt faci
Venture CapitalPaychex 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
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