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Venture Capital

Payfare 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

Dec 23, 2024
Venture Capital

Deel Acquires Assemble: A New Era in Global Compensation Management

Deel’s acquisition of Assemble marks a significant advancement in global workforce management. By integrating Assemble’s robust compensation management tools into Deel’s platform, businesses can now access a seamless, data-driven solution f

Dec 19, 2024
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
Company News

UKG Hires Sarah Hodges as Chief Marketing Officer

UKG , a leader in HR, payroll, and workforce management solutions, has appointed Sarah Hodges as Chief Marketing Officer (CMO), effective January 6, 2025. With over 20 years of marketing expertise from Autodesk and Procore Technologies, Hod

Dec 16, 2024
Product News

Zoho Launches Zoho Payroll, a Comprehensive Solution That Simplifies Payroll Processing and Compliance for Businesses in the United States

Zoho Corporation has launched the US edition of Zoho Payroll, providing an all-in-one solution for simplifying payroll management, automating tax compliance, and connecting HR and financial operations. This release enhances Zoho's robust fi

Dec 12, 2024
Venture Capital

Legion Technologies Secures $50M: AI-Powered Workforce Management on the Rise

Legion Technologies has secured $50 million in financing from Silicon Valley Bank, rounding out a $100 million funding round in 2024 and bringing its total funding to $195 million. Known for its AI-native, employee-centric workforce managem

Dec 12, 2024
Product News

Remote 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

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

HR Path Expands Global Reach with the Acquisition of Pay Human Group, Enhancing Its Market Presence in LATAM

HR Path , a global leader in HR consulting and HRIS solutions, has acquired Pay Human Group, a prominent Mexican company specializing in payroll management and HR consulting. This strategic move strengthens HR Path's market presence in Lati

Dec 3, 2024
Venture Capital

Germany’s zvoove Acquires Netherlands-Based Online Results, Driving Global Innovation in Recruitment Marketing

Germany-based zvoove has acquired Netherlands-based recruitment marketing firm Online Results , integrating their innovative Falcon SaaS platform into zvoove's ecosystem. This move strengthens zvoove's end-to-end solutions for temporary sta

Nov 25, 2024
Product News

Paychex Introduces HR Analytics Premium Plus Solution with Built-in GenAI Capabilities

Paychex has launched HR Analytics Premium Plus, an advanced solution integrating generative AI insights to empower SMBs with enterprise-level workforce analytics. This enhanced offering within the Paychex Flex platform combines benchmarking

Nov 21, 2024
Venture Capital

Ciphr Acquires Avantus to Revolutionize UK Employee Benefits and Enhance HR Solutions

Ciphr Group, a leading HR software provider in the UK, has acquired Avantus , an established employee benefits platform serving over 400 businesses globally. The acquisition enhances Ciphr’s offering by integrating Avantus' customizable pla

Nov 20, 2024
Venture Capital

Recruiter.com Acquires bountyJobs to expand total talent solutions

Recruiter.com has acquired BountyJobs , a recruitment marketplace known for connecting employers with third-party recruiters, to strengthen its position as a comprehensive total talent solutions provider. This strategic acquisition enhances

Nov 15, 2024
Company News

UKG Unveils Bryte AI Agents and Capabilities to Transform Employee Experiences for the UKG Pro HCM suite

UKG has introduced UKG Bryte™ AI Agents within its Pro HCM suite, leveraging advanced AI like Large Action Models to automate complex processes and enhance workplace experiences. These agents, focusing initially on compliance and talent man

Nov 13, 2024
Product News

UKG Launches AI-powered Talent Marketplace Solution to Optimize Skills Development and Close Critical Labor Gaps

UKG has launched the UKG Pro Talent Marketplace, an AI-driven solution to help companies manage internal talent and tap into external gig resources. Designed for both frontline and knowledge workers, the platform empowers employees with too

Nov 12, 2024
Earnings

Alight Reports $555M Revenue and $75M Stock Repurchase in Q3 2024

Alight , Inc., a leader in cloud-based human capital technology, reported a revenue of $555 million for Q3 2024, marking a slight decrease from the previous year. Despite a net loss of $44 million, Alight's gross profit improved, reaching $

Nov 12, 2024
Venture Capital

Oyster’s Specialized Global Employment Platform Attracts New Funding From ServiceNow Ventures

Oyster, a leading global employment platform, recently secured new funding from ServiceNow Ventures, enhancing its ability to support cross-border hiring and simplify complex global employment needs. This latest investment, part of Oyster’s

Nov 11, 2024
Product News

Paycor Launches New AI-Powered Assistant to Boost Productivity

Paycor, a leading HCM software provider, has launched the AI-powered Paycor Assistant, designed to streamline HR processes and enhance productivity for both employees and administrators. The new assistant allows users to engage with Paycor’

Nov 5, 2024
Company News

UKG Empowers Hawaiian Airlines’ Frontline Workforce with Mobile-first HR Technology

UKG, a prominent HR technology provider, is enhancing Hawaiian Airlines' HR processes with its mobile-first UKG Pro suite. This partnership, spanning 15 years, allows Hawaiian Airlines’ 7,000 employees—many working outside traditional offic

Nov 4, 2024
Product News

empinfo's Verification-as-a-Service (VaaS) Platform for Verifying Employment and Income is Now Available Online

EmpInfo has launched its Verifications-as-a-Service (VaaS) platform online, enabling credentialed verifiers to access nationwide employment and income records seamlessly. With its combination of "Instant" and "On-Demand Verifications," the

Nov 1, 2024
Earnings

Insperity Announces Third Quarter Results

Insperity, Inc. reported its third-quarter 2024 results, showcasing a slight decrease in worksite employees (WSEEs) by 2% year-over-year, with a total of 309,088 WSEEs. Despite this, Q3 net income stood at $3 million with a diluted EPS of $

Oct 31, 2024
Earnings

Paycom Q3 2024: A Financial Deep Dive – Revenues Climb to $452M, Up 11%

Paycom Software, Inc. reported robust financial results for the third quarter of 2024, announcing revenues of $452 million, an 11% increase year-over-year. The company's GAAP net income was $73 million, equivalent to $1.31 per diluted share

Oct 30, 2024
Company News

Paylocity 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

Oct 30, 2024
Company News

Dayforce 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

Oct 30, 2024
Earnings

ADP Fiscal Q1 2025 Earnings: Revenues Climb to $4.8 Billion, Marking a Strong Start

ADP announced robust first quarter fiscal 2025 results with a 7% increase in revenue reaching $4.8 billion and a 13% increase in diluted EPS at $2.34. Significant highlights include the acquisition of WorkForce Software and the launch of AD

Oct 30, 2024
Product News

Paycor Launches Integration Platform to Transform Connectivity

Paycor has launched its new Integration Platform, aimed at simplifying the connection between its human capital management (HCM) software and third-party business applications. The platform offers three core services: Paycor Marketplace wit

Oct 29, 2024
Company News

Workday 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

Oct 28, 2024
Product News

SAP 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

Oct 28, 2024
Earnings

TriNet’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

Oct 25, 2024
Product News

Everee Launches Flex Suite to Simplify Payroll for Staffing, Gig Apps, and Other Flexible Workforces

Everee has launched Flex Suite, a comprehensive payroll solution tailored for staffing and gig economy businesses. Designed for complex workforce arrangements, Flex Suite simplifies payroll processes, automates compliance, and provides cust

Oct 23, 2024
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