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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Worky Raises $6 Million to Drive Growth and Accelerate Adoption of Cloud-Based HR and Payroll Solution in Mexico
Worky , an all-in-one HR and payroll software designed for Mexican companies, recently secured $6 million in Series A funding led by Atlántico and ADP Ventures. Founded in 2018, Worky aims to modernize employee recruitment, management, and
EarningsDocebo Reports First Quarter 2024 Results
Docebo Inc., a leading AI-based learning platform provider, reported strong financial performance for Q1 2024. The company highlighted significant growth in subscription revenue and profitability, with total revenue reaching $51.4 million,
EarningsPaycor Announces Third Quarter Fiscal Year 2024 Financial Results
Paycor HCM , Inc., a leader in human capital management software, reported significant growth in its Q3 fiscal year 2024 results. Total revenues reached $187.0 million, a 16% increase year-over-year, with recurring revenue growing to $172.0
EarningsHireRight Reports First Quarter 2024 Results
HireRight Holdings Corporation reported its Q1 2024 financial results, revealing a slight decrease in revenue to $173.2 million from $175.4 million the previous year, and a net loss of $3.3 million, an improvement over last year's $7.9 mill
Company NewsNew Generation of AI Platforms Set to Revolutionize the $200 Billion HR Technology Market, Says Josh Bersin Company
The Josh Bersin Company has unveiled a significant shift in HR technology with the rise of Enterprise Talent Intelligence systems. These AI-driven platforms, moving beyond mere talent acquisition, now encompass career development, leadershi
Venture CapitalDocusign Accelerates Intelligent Agreement Management with Lexion Acquisition
Docusign has announced the acquisition of Lexion, a leader in AI-powered agreement management software, for $165 million in cash. Lexion's technology enhances the contract process by enabling faster drafting, negotiation, and review, and in
EarningsTrueBlue Reports First Quarter 2024 Results
TrueBlue reported a 13% decline in revenue to $403 million in Q1 2024, with a net loss of $2 million, an improvement from the previous year's $4 million loss. Key financial measures include a 13% reduction in SG&A expenses, an adjusted EBIT
EarningsPaylocity Announces Third Quarter Fiscal Year 2024 Financial Results
Paylocity Holding Corporation reported strong financial results for Q3 of fiscal year 2024, with a significant 18% increase in total revenue, reaching $401.3 million. Recurring and other revenues also rose by 17%, totaling $366.8 million. A
Company NewsPaycom's Stellar Q1 2024: Doubling Profits and Pioneering HCM Innovations
First Quarter Revenues of $500 million, up 11% from the comparable prior year period First Quarter GAAP Net Income of $247 million, representing 49% of total revenues, or $4.37 per diluted share First Quarter Non-GAAP Net Income of $147 mil
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
EarningsTriNet Announces First Quarter 2024 Results
TriNet Group, Inc. reported its Q1 2024 financial results, highlighting a modest revenue increase to $1.3 billion and a 4% growth in professional service revenues. Despite challenging economic conditions, the company achieved a net income o
Product NewsCrosschq Launches Insights, First-of-its-Kind Recruiting Analytics and Quality of Hire Engine
Crosschq, the pioneer in Hiring Intelligence, has launched "Crosschq Insights," a revolutionary recruiting analytics platform designed to enhance the Quality of Hire. This new tool integrates data from various sources, including ATS, HRIS,
Venture Capital401GO Raises $12M Series A to Fuel Next Phase of Growth
401GO , a fintech company specializing in modern retirement solutions, has successfully secured $12 million in Series A funding led by Next Frontier Capital, with participation from Rally Ventures, Impression Ventures, and Stout Street Capi
Company NewsUKG Names New President, GTM: Meet Rachel Barger
UKG , a leading provider of comprehensive HR solutions, today announced the appointment of Rachel Barger, the current SVP of the Americas at Cisco Systems, as its new President of Go-To-Market (GTM). Starting May 13, 2024, Barger will overs
EarningsManpowerGroup Reports 1st Quarter 2024 Results
Revenues of $4.4 billion (-7% as reported, -5% constant currency) Continuation of challenging environment in North America and Europe during the quarter, solid demand in Latin America and Asia-Pacific region Gross profit margin of
Venture CapitalTake2 AI Raises $3M Seed Round Led by Reach Capital & SemperVirens to Transform Sales Recruiting Using AI-Powered Job Simulations
Take2 AI, a New York-based company specializing in AI-powered job simulations for sales recruiting, has secured $3 million in seed funding from Reach Capital and SemperVirens, with contributions from other notable investors. The platform ai
Venture CapitalBarcelona-based Factorial secures $80M of Go-To-Market investment from General Catalyst to accelerate growth
Factorial , a Spanish HR platform, has secured an €80 million investment from U.S. VC firm General Catalyst. This investment, described not as a funding round but as a "go-to-market investment," is uniquely structured as contained debt aime
Venture CapitalVangst Acquires CannabizTemp, CannabizTeam's Temp Staffing Division
Vangst , a prominent hiring platform for the cannabis industry based in Denver, has made a significant acquisition of CannabizTemp, the temporary staffing division of CannabizTeam. This marks the first acquisition in the cannabis HR sector.
Venture CapitalCadient has been acquired by Basis Vectors Capital
Cadient , a frontrunner in talent acquisition for the hourly hiring sector, has been acquired by Basis Vectors Capital, a private equity firm specializing in B2B SaaS investments. This strategic move aims to accelerate Cadient’s growth and
Company NewsSmartRecruiters' Global Footprint: Facilitating 100 Million Job Applications Signals Strong International Growth
SmartRecruiters , an innovative hiring platform, announces significant growth and strategic advancements, marking a notable presence in the global recruitment technology sector. The platform has achieved a milestone with over 100 million jo
Venture CapitalMetaview's Game-Changing $7M Series A: Pioneering the Future of AI-Driven Hiring
Metaview , an innovative startup, has raised $7M in Series A funding led by Plural, with participation from notable investors and angels. Since its 2018 inception, Metaview has aimed to transform the hiring process by leveraging unstructure
Product NewsOracle NetSuite Supercharges the Suite with Expansion of Generative AI Capabilities
Oracle NetSuite has expanded its generative AI capabilities within its suite, introducing NetSuite Text Enhance to foster improved productivity and efficiency across various domains including finance, supply chain, sales, marketing, and cus
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
Company NewsUNLEASH America 2024: America’s premier HR conference and expo
UNLEASH America to feature more than 200 speakers, including Earvin “Magic” Johnson, across 14 stages and summits, where HR, learning, AI, innovation and inspiration intersect LONDON & LAS VEGAS-- UNLEASH , a global digital media and events
Product NewsOracle Adds New Generative AI Capabilities to Oracle Fusion Cloud Applications Suite
Oracle announced new generative AI capabilities within the Oracle Fusion Cloud Applications Suite, enhancing decision-making and employee/customer experiences across various domains such as finance, supply chain, HR, and marketing. These ca
Product NewsBullhorn Copilot Launches With AI Tools Tailored to the Staffing Industry
Bullhorn , a global leader in staffing and recruitment software, announced the launch of Bullhorn Copilot, a comprehensive AI solution designed to enhance recruitment processes. Copilot integrates generative, source and match, and directive
Company NewsCustomer Confidence, Trust in UKG Solutions Drive Strong Results for First-Quarter Fiscal 2024
UKG reported a successful first quarter for fiscal 2024, marked by strong customer loyalty and significant business growth. The period was notable for an increase in customer migrations to modern UKG solutions, particularly among larger cli
Venture CapitalRevolutionizing Global Equity Management: Slice Secures $7M in Seed Funding to Expand AI-Driven Compliance Platform
Startup Slice Global Ltd., specializing in global equity management, has raised $7M in seed funding to enhance its AI-driven compliance platform. The round was led by TLV Partners, with contributions from various investors and law firms. Sl
Venture CapitalCoverdash – Leading Embedded Business Insurance Agency for Startups and SMBs – Announces $13.5M in Series A Funding
Coverdash, a leading embedded insurtech for startups and SMBs, announced a $13.5M Series A funding, raising total capital to $16M. The funding, led by Nyca Partners, will enhance its embedded partner network and insurance offerings. Coverda
Venture CapitalIntenseye Secures Record-breaking $64M Series B to Advance Its Mission of Transforming Workplace Safety With AI
Intenseye , an AI-powered workplace safety leader, has raised $64 million in Series B funding, marking the largest investment in the sector. The company is recognized for its innovative technology that proactively identifies workplace hazar
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