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Venture Capital

Bridgepoint to back LumApps as majority investor for its next stage of growth

LumApps , a French startup known for its "intranet superapp" platform for internal communications and workforce applications, has announced that private equity firm Bridgepoint will acquire a majority stake in a $650 million deal. This tran

May 28, 2024
Company News

Stacy Greiner Elevated To Interim CEO For DailyPay

DailyPay announced the appointment of Stacy Greiner as interim CEO, effective June 1, 2024, following Kevin Coop's decision to step down and serve as a board advisor. Greiner, the current COO, has been integral to overseeing DailyPay's busi

May 28, 2024
Company News

ATD Recognizes Exceptional Achievements in the Talent Development Industry

The Association for Talent Development honored organizations and individuals for their commitment to workplace talent development practices.  Marshall Goldsmith  and  Britt Andreatta  were recognized for their contributions to the industry.

May 22, 2024
Column

Fast-Growing 250-Employee Business Decreases Payroll Processes up to 75% with UKG Ready

UKG, a leader in HR and payroll solutions, has enabled Purple Wave Auction to streamline operations and enhance employee experience using the UKG Ready suite. The rapidly growing online equipment auction marketplace, with 250 employees, has

May 21, 2024
Venture Capital

PowerToFly Acquires Upskilling Platform Skillcrush

PowerToFly, a leader in talent management for diverse professionals, has acquired Skillcrush, an education platform focused on technical upskilling for underrepresented groups. This strategic move enhances PowerToFly's offerings, which incl

May 21, 2024
Company News

Josh Bersin Company Launches AI Assistant Galileo™ to Transform HR Management

At Irresistible 2024, The Josh Bersin Company announced the general availability of Galileo™, an AI assistant designed to support HR professionals. Galileo is already in use by over 10,000 HR professionals across more than 60 Global 2000 or

May 20, 2024
HotNews

BIDEN-HARRIS ADMINISTRATION ANNOUNCES GROUNDBREAKING AI PRINCIPLES FOR WORKER WELL-BEING

The Biden-Harris administration, through the Department of Labor, has introduced a comprehensive set of AI principles aimed at enhancing worker well-being and rights. These principles, developed following President Biden’s Executive Order,

May 16, 2024
Company News

Randstad Digital Acquires Torc, the AI-powered Digital Talent Marketplace

Randstad NV, the world's leading talent company, announced the acquisition of Torc, an AI-powered talent marketplace platform. This acquisition aims to strengthen Randstad Digital's capabilities in providing global digital talent, particula

May 16, 2024
Product News

Eightfold AI Talent Tracking Brings an AI-native ATS to Every Organization

Eightfold AI  has launched Eightfold Talent Tracking, an AI-native, end-to-end talent acquisition system, replacing traditional applicant tracking systems. This innovative solution integrates seamlessly with Eightfold's Talent Intelligence

May 15, 2024
Company News

End of an Era: Meta to Shut Down Workplace by 2026

Meta, formerly known as Facebook, is closing down its enterprise communications platform, Workplace . The service will be available until September 2025, then read-only until May 2026, after which it will be fully decommissioned. Meta recom

May 14, 2024
Company News

Visier's First Quarter of 2024 Marks Unprecedented Scale in Generative AI Production Use and Transformational Investment in Analytic Platform Capabilities

Visier , a leader in people analytics, announced key achievements for Q1 2024. Highlights include the launch of "Vee," a generative AI assistant, and the "Open for Builders" initiative. Visier's AI technology now serves 2.1 million Paycor e

May 14, 2024
Company News

Revolutionizing Coaching: CoachHub Unveils AI Coaching Companion

CoachHub has introduced its AI Coaching Companion, an innovative AI-driven tool integrated into its digital coaching platform AIMY™. Available as an add-on through the CoachHub app in Microsoft Teams, the AI Coaching Companion provides 24/7

May 14, 2024
Product News

ServiceNow unveils new AI-powered capabilities to help improve employee experiences, supercharge talent development, and optimize in-person work

ServiceNow   announced new AI-powered enhancements at Knowledge 2024, aimed at improving talent development and optimizing workplace collaboration. These include integrating AI into learning experiences to better understand skills and suppo

May 10, 2024
Company News

UKG to Transform Payroll Reporting with Generative AI

UKG announced at the 42nd annual Payroll Congress Convention and Expo the enhancement of payroll reporting with generative AI, termed GenAI, in its UKG Pro suite. This development introduces conversational AI capabilities, allowing payroll

May 8, 2024
Venture Capital

ChangeEngine Secures $10 Million Series A Funding To Bring AI-Powered CX Innovation To The Employee Experience

ChangeEngine, a platform uniting Marketing & People teams, announced a $10 million Series A funding led by Threshold Ventures, Struck Capital, and Bonfire Ventures. The investment will enhance hiring, innovate the platform with advanced ana

May 8, 2024
Earnings

Paycor 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

May 8, 2024
Product News

Cornerstone Redefines Learning and Talent Management with Launch of AI-Powered Workforce Agility Platform, Cornerstone Galaxy

Cornerstone OnDemand announced the launch of Cornerstone Galaxy, a comprehensive AI-powered platform designed to bridge the growing workforce readiness gap. This platform facilitates organizational transformation by identifying skill shorta

May 8, 2024
Company News

New 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

May 7, 2024
Earnings

Paylocity 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

May 2, 2024
Company News

LinkedIn Introduces Three New Games to Enhance Professional Networking

LinkedIn is launching three new games— Queens , Crossclimb, and Pinpoint—aimed at increasing user engagement by leveraging logic, trivia, and word association skills. These games are available globally and can be accessed via direct links o

May 1, 2024
Company News

Paycom'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

May 1, 2024
Earnings

Insperity 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

May 1, 2024
Earnings

TriNet 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

Apr 26, 2024
Venture Capital

Daxtra Acquires Leading Talent Acquisition Communications Hub PivotCX

Daxtra , a leader in AI-powered recruitment solutions, has acquired Indianapolis-based PivotCX, known for its talent acquisition and HR communications hub. The merger integrates PivotCX’s communication tools into Daxtra’s suite, enhancing t

Apr 25, 2024
Venture Capital

Keep Company Secures $1.4 Million to Revolutionize Caregiver Support in the Workplace

Keep Company, based in Bethesda, Maryland, has announced a successful fundraising of $1.4 million with notable participants including Techstars and VEST Her Ventures. This round will support the expansion of Keep Company's executive team, i

Apr 24, 2024
Company News

Reclaim.ai Launches Smart Meetings, First-Ever AI Tool to Automate Meeting Scheduling Across Teams

Reclaim.ai has unveiled "Smart Meetings," an innovative solution designed to streamline the scheduling of meetings by leveraging AI and machine learning. This release targets the reduction of time spent on managing calendars, which, as Recl

Apr 23, 2024
Venture Capital

Rippling Raises $200 Million at $13.5 Billion Valuation to Expand Integrated Business Software Suite

Rippling has successfully secured $200 million in new financing and arranged for the repurchase of up to $590 million in equity, involving both current and former employees as well as early investors. This funding round, which values Rippli

Apr 22, 2024
Company News

UKG 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

Apr 19, 2024
Product News

Atomicwork Launches New Digital Workplace Experience Solution Powered by Cohere's Enterprise AI Platform

Atomicwork , in collaboration with Cohere, has launched a new AI-powered digital workplace experience solution aimed at boosting workplace productivity and IT support automation. The solution, powered by Cohere's advanced Command R+ large l

Apr 16, 2024
Product News

Workhuman Revolutionizes Workplace Insights, Launches Industry-First AI Assistant Powered by Unique Employee Recognition Data

Workhuman® has introduced a revolutionary feature to its Workhuman iQ platform – a generative AI assistant. This tool leverages AI to provide HR and business leaders with dynamic, real-time organizational insights derived from unique, propr

Apr 16, 2024
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