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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300OutSolve Expands Compliance Offerings with Strategic Acquisition of Labor Law Center
OutSolve has acquired Labor Law Center, marking its sixteenth strategic expansion. This acquisition strengthens OutSolve’s comprehensive suite of employment compliance services by adding Labor Law Center's expertise in labor law posters and
Venture CapitalPaylocity Announces Completion of Acquisition of Airbase Inc.
Paylocity has successfully completed the acquisition of Airbase Inc., a spend management platform. This acquisition allows Paylocity to integrate Airbase’s finance tools, including bill pay, expense management, and procurement, into its clo
Venture CapitalSHRM has acquired CEO Action for Diversity & Inclusion from PwC, transforming it into CEO Action for Inclusion & Diversity
This acquisition signifies a shift in how CEOs and executives prioritize inclusion and diversity in the workplace. SHRM’s leadership of this initiative empowers CEOs with the tools to make inclusivity a key component of their leadership str
Venture CapitalEmpower Acquires OptionTrax to Deliver Integrated Equity Compensation Solutions
Empower , a leading retirement and wealth management provider, has acquired Plan Management Corporation (PMC), the company behind OptionTrax ® , a comprehensive digital equity compensation platform. This acquisition will enhance Empower’s s
Venture CapitalWorkday Signs Definitive Agreement to Acquire Evisort
Workday , a leading enterprise platform for managing human resources and financial data, has announced the acquisition of Evisort , an AI-native document intelligence platform. This acquisition aims to enhance Workday's capabilities in surf
Venture CapitalRen Systems Secures $3.5M to Revolutionize Deal-Making with AI-Powered Insights
Ren Systems has secured a $3.5 million financing round led by JLL Spark Global Ventures, with participation from Camber Creek, ZoomInfo, and Contour Ventures, to enhance its AI-powered relationship intelligence technology. Ren, designed for
Venture CapitalCheckmate Raises $1.6 Million in Seed Funding to Expand Pre-Employment Screening Solutions in the U.S., Australia, and Southeast Asia
Checkmate, a leading provider of pre-employment screening solutions, has raised $1.6 million USD in Seed funding from Wavemaker Partners, Southeast Asia's top VC firm. This funding will support Checkmate's expansion into new markets, includ
Venture CapitalVangst Acquires GreenForce - Cannabis Hiring is Back
Vangst , the leading hiring platform in the cannabis industry, has acquired GreenForce, a temporary staffing agency based in Oregon and Arizona, marking its second acquisition of 2024. GreenForce, founded in 2016, specializes in providing t
Venture CapitalBullhorn Acquires KonaSearch to Revolutionize Talent Sourcing for Executive Search on Salesforce
Bullhorn , a leader in software for staffing and recruitment, has acquired Massachusetts-based KonaSearch to enhance its sourcing capabilities on the Salesforce platform. KonaSearch provides an advanced search solution tailored for staffing
Venture CapitalAssessio Acquires Wisnio to Redefine Talent Assessment with AI
Assessio International Holding AB has strategically acquired Wisnio, an innovative HR tech provider specializing in talent assessment and development with advanced generative AI technology. This acquisition enhances Assessio's offerings in
Venture CapitalPaylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider
Paylocity Corporation (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll solutions, announced its definitive agreement to acquire Airbase Inc., a prominent spend management software provider. This acquisition, valued at appr
Venture CapitalL2L Acquires SwipeGuide: The Future of the Connected Workforce Is Here
L2L , a leader in connected workforce solutions, has acquired SwipeGuide, a pioneer in mobile-first training and visual job aids for manufacturing employees. This strategic move integrates SwipeGuide's innovative training solutions into L2L
Venture CapitalDirectEmployers Acquires Equality Magazine’s Job Boards to Amplify Job Visibility & DEI Solution
DirectEmployers Association, a leader in OFCCP compliance and recruitment marketing, announced its acquisition of EqualityMagazines.com and its network of diversity-focused job boards, aiming to enhance job visibility and support inclusive
Company NewsSmartRecruiters Appoints Rebecca Carr as Chief Executive Officer
Rebecca Carr has been appointed the new CEO of SmartRecruiters , bringing extensive experience from her decade-long tenure within the company, most recently as Chief Product Officer. She aims to propel the enterprise's talent acquisition te
Venture CapitalLightcast Acquires Talent Intelligence Provider Stratigens
Lightcast , a leader in global labor market data and analytics, has acquired Stratigens, a UK-based talent intelligence provider known for its data science expertise and innovative analytics. Founded by Alison Ettridge, Stratigens excels in
Venture CapitalAvionté Fortifies Market Leadership with Strategic Acquisition of AkkenCloud
Avionté has acquired AkkenCloud , strengthening its leadership in the staffing software industry. This acquisition enables AkkenCloud clients to benefit from Avionté’s comprehensive enterprise staffing platform, which includes a full front
Product NewsThe Josh Bersin Company Launches HR Career Navigator: The World's First AI-Powered Development Coach for HR Professionals
The Josh Bersin Company has launched the HR Career Navigator™, the world’s first AI-powered development coach specifically designed for HR professionals. This platform leverages over 25 years of research combined with Eightfold’s Talent Int
Venture CapitalAsure Acquires HIRECLICK, Expands HCM Suite with an Intuitive, AI-Powered Applicant Tracking System
Asure (NASDAQ: ASUR), a cloud-based Human Capital Management (HCM) software provider, has acquired HireClick, an AI-powered applicant tracking system (ATS) tailored for small and mid-sized businesses. This acquisition strengthens Asure’s co
Company NewsPaycor’s FY 2024 Results: 19% Revenue Surge Driven by HR Tech Innovation
Paycor announced its financial results for the fourth quarter and fiscal year 2024, showing a 19% increase in total annual revenue, reaching $654.9 million. The company introduced a new Compensation Management solution and expanded its API
Venture CapitalSprockets Expands Workforce Solutions with HourWork Acquisition: A New Era for Hourly Worker
Sprockets , an AI-powered hiring solution, has acquired HourWork , a leading platform specializing in post-hire engagement and retention. This acquisition aims to enhance Sprockets' product offerings, covering every stage of the employment
Venture CapitalPayoneer Expands Global Footprint with Strategic Acquisition of Skuad for $61 Million
Payoneer, a global leader in cross-border payment solutions, has announced its acquisition of Singapore-based HR and payroll startup Skuad for $61 million. This strategic move is aimed at strengthening Payoneer's position in the global fint
Venture CapitalZipRecruiter Acquires People-Powered Job Comparison Site Breakroom
ZipRecruiter has acquired Breakroom, a UK-based employer review platform focused on frontline industries. ZipRecruiter plans to launch Breakroom in the U.S., providing job seekers with transparent insights on pay, work conditions, and cultu
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20
EarningsTriNet's Q2 2024 Highlights: Revenue Growth, Strong Sales, and Positive Customer Retention
TriNet Group, Inc. reported its financial results for the second quarter of 2024, highlighting a 1% growth in total revenues to $1.2 billion and a 5% increase in professional service revenues to $186 million. The net income per diluted shar
NewsDeel is acquiring Hofy
Fast-growing payroll provider Deel has acquired Hofy , a London-based company specializing in managing office equipment for remote hires. The acquisition, valued at over $100 million, marks Deel's third significant acquisition this year. Th
Venture CapitalGQR Acquires Uniti Med, Enhancing Workforce Solutions and Expanding Market Reach
GQR , a global workforce solutions firm, has acquired Uniti Med, a healthcare staffing company. This acquisition enhances GQR's market position, placing it among the Top 100 Staffing Firms, Top 50 Healthcare firms, and Top 25 Travel Nursing
Venture CapitalPhenom Acquires Tydy, Expanding Platform to Seamlessly Onboard Employees
Phenom has acquired Tydy, enhancing its Intelligent Talent Experience platform by incorporating Tydy's advanced preboarding and onboarding capabilities. This integration aims to create a seamless, efficient transition from hire to productiv
Venture CapitalHireRight Acquired for $1.7 Billion by General Atlantic and Stone Point Capital
HireRight Holdings Corporation has finalized its acquisition by General Atlantic and Stone Point Capital in an all-cash transaction valued at $1.7 billion. The merger, approved by HireRight stockholders on June 21, 2024, converts all outsta
Venture CapitalChime Financial's $173 Million Acquisition of Salt Labs: A Step Towards IPO Ambitions
Chime Financial has acquired Salt Labs to enhance financial progress for everyday Americans. Both companies aim to empower employees by leveraging the Chime platform. Jason Lee, CEO of Salt Labs, will lead the new Chime Enterprise unit to d
EarningsPaychex, Inc. Reports Fourth Quarter and Full Year 2024 Results
Solid Total Revenue Growth and Operating Margin Expansion Full Year 2024 Diluted EPS Growth of 9%; Adjusted Diluted EPS (1) Growth of 11% Issues Fiscal 2025 Business Outlook ROCHESTER, N.Y.--( BUSINESS WIRE )--Paychex, Inc. (the "Company,"
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