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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Workday and Randstad Partner to Transform Hiring with AI
Workday and Randstad have partnered to revolutionize talent acquisition by integrating Workday’s AI-powered Recruiting Agent with Randstad’s vast talent network. This collaboration streamlines the hiring process, allowing recruiters to inst
Company NewsZipRecruiter Announces Fourth Quarter and Full Year 2024 Results
ZipRecruiter reported annual revenue of $474 million, with Adjusted EBITDA reaching $78 million, representing a 16% margin. However, the company also posted a net loss of $12.9 million, resulting in a -3% net income margin. Despite macroeco
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
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
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
Venture CapitalSelerix Acquires TBX® to Create an All-in-One Benefits Administration SaaS Platform
Selerix , a leading provider of cloud-based benefits administration solutions, has acquired The Benefits eXpert® ( TBX® ), a technology company specializing in employee benefits education and enrollment. The acquisition aims to create a com
Venture CapitalPhenom Acquires EDGE to Enhance Workforce Intelligence for Professional Services, IT Services, and Global Capability Centers
Phenom , an AI-driven HR technology leader, has acquired EDGE , a top resource management and talent mobility platform. This move enhances Phenom’s Intelligent Talent Experience platform with advanced resource planning capabilities, caterin
Venture CapitalConversational 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
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 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 CapitalSquarePeg 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
Product NewsG-P Delivers New AI Advancements and Expands AI Innovation Across Employer of Record (EOR) and Global Employment Products
G-P, a leader in global employment solutions, has introduced new AI-powered advancements across its suite of products, including Employer of Record (EOR), Contractor, and G-P Gia™ . These enhancements leverage generative AI (GenAI) and agen
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
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
Company Newsbeqom Appoints Lars Pedersen as CEO
beqom, a global leader in compensation management, embarks on an exciting new chapter as Lars Pedersen assumes the role of CEO, succeeding co-founder Fabio Ronga. With a strong foundation established under Ronga's leadership, including sign
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 CapitalFrontier Direct Care Announces Initial Closing of its $20 Million Series B Financing
Frontier Direct Care , a Texas-based innovator in employer-sponsored healthcare, has secured $20 million in Series B funding led by Mehshah Capital. This funding will propel the company's mission to transform healthcare by improving accessi
Venture CapitalInvst Acquires NS Capital, Revolutionizing Retirement Solutions for Businesses
Invst , a leading investment advisory firm, has acquired NS Capital to establish the Invst Unity Pooled Employer Plan (PEP). This strategic move revolutionizes retirement solutions for businesses, addressing challenges like fiduciary liabil
Venture CapitalPayfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Inc., a global leader in Earned Wage Access (EWA) and digital banking for workforces, has entered into a definitive agreement to be acquired by Fiserv, Inc., a leading financial services technology provider. The all-cash deal values
Company NewsPaychex 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
Product NewsTalroo 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
Product NewsRemote Unveils AI-Powered Recruit AI to Tackle Global Hiring Challenges
Remote has unveiled Recruit AI , a groundbreaking AI-driven hiring solution designed to tackle the complexities of global recruitment. With "Matches," an intelligent candidate matching tool, the platform identifies top talent worldwide by a
Venture CapitalAlliant Insurance Services Acquires Union First, Expanding Its Benefits Solutions for Public Safety Associations
Alliant Insurance Services has acquired Union First , a firm specializing in benefits consulting and administration for public safety professionals. Joining Alliant’s Employee Benefits Group in the West Region, Union First brings expertis
ColumnADP 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
Venture CapitalStretchDollar Secures $6M to Redefine Health Benefits for SMBs with ICHRA Innovation
StretchDollar , a startup revolutionizing small business health benefits, has secured $6M in seed funding led by Fika Ventures and Oscar Health. The platform simplifies complex healthcare management through an innovative Individual Coverage
Venture CapitalAdvantageClub.ai raises $4 Million from Axilor Ventures to expand in the US and Asia and add New Product Lines
AdvantageClub.ai , an AI-powered global employee engagement and rewards platform, has secured $4 million in funding led by Axilor Ventures, bringing its total funding to $11 million. The funds will accelerate expansion in the US and Asia, w
Product NewsWEX Launches Two AI Pilots for Benefits Administration
WEX has introduced two AI-powered solutions, Benefit Assistant and BeneFITwise Premier, within its benefits administration platform, My Benefit Express . These pilots aim to streamline benefits decision-making for employees while reducing H
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