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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300HireRight 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 CapitalKarmaCheck Secures $45M Series B to Revolutionize Background Checks with AI Technology
KarmaCheck , a leader in technology-based background checks and credentialing, announced a $45 million Series B funding round led by Parameter Ventures. Founded by LinkedIn co-founder Eric Ly, KarmaCheck leverages advanced technology and AI
Product NewsA.Team Launches "Team Formation AI" to Hire Specialized Tech Talent in Minutes -- Not Months
A.Team has introduced Team Formation AI, a generative AI platform that allows corporate leaders to quickly assemble elite tech teams from a network of over 11,000 vetted product builders. Designed to streamline hiring and supercharge innova
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,"
Product NewsLattice Adds Payroll, Powering Strategic Pay Cycles for High-Growth Companies
Lattice, a leading people platform, has announced the launch of Lattice Payroll, an end-to-end payroll solution integrated into its HRIS and Talent Suite. This solution aims to help mid-sized and growing companies streamline payroll process
Company NewsWorkday Peakon Employee Voice Named Employee Engagement Solution of the Year by RemoteTech Breakthrough
Workday, Inc. announced that its Workday Peakon Employee Voice has been named the Employee Engagement Solution of the Year by RemoteTech Breakthrough. This recognition highlights the platform's ability to provide real-time, confidential fee
Venture CapitalHueman Acquires PrincetonOne: A New Era of Specialized RPO Services
Hueman People Solutions, a leading recruitment process outsourcing (RPO) and talent acquisition firm, has acquired PrincetonOne, a notable RPO provider with expertise in the Pharmaceutical, Biotech, Life Sciences, Manufacturing, and Indus
Product NewsCeipal Launches Ceipal Copilot To Supercharge Staffing, Recruiting, and Candidate Engagement
Ceipal , a leader in staffing software, has introduced "Ceipal Copilot", an advanced tool integrating AI to enhance recruitment efficiency. Designed for the dynamic demands of modern recruitment, especially with the tech-savvy Generation Z
Venture CapitalNomad Health Lands $22 Million Investment: A New Era Under CEO Justin Lambert
Nomad Health , a leading digital marketplace for healthcare jobs, has successfully raised $22 million in a funding round led by HealthQuest Capital with participation from several notable firms. With this investment, Nomad Health has also a
Product NewsBlink Announces Next-Generation AI-Driven Employee Analytics Platform
Blink , a leading employee engagement platform, has launched a next-generation AI-driven analytics tool aimed at enhancing employee engagement and operational efficiency for both deskless and desk-based workers. This new platform provides a
Venture CapitalMercer to Acquire Cardano
Mercer, a Marsh McLennan business, announced its agreement to acquire Cardano, a UK and Netherlands-based long-term savings specialist with approximately $66 billion in managed assets. This strategic acquisition aims to enhance Mercer's cap
Venture CapitalJobGet Acquires Wirkn to Expand Retail Footprint
JobGet, a rapidly growing app-first hiring platform, announced its acquisition of Wirkn, a key player in frontline worker recruitment. This acquisition will allow JobGet to enhance its reach in the mall, retail, and restaurant sectors, util
Venture CapitalRising Team Raises $8 Million Series A and Introduces Personalized AI Leadership Coach for Building High-Performing Teams
Rising Team, based in Menlo Park, California, has successfully secured $8 million in Series A funding led by Zeal Capital Partners. This investment will support the expansion of its team performance platform, focusing on AI enhancements, hi
Product NewsWorkday Announces Built on Workday to Help Partners Build, Manage, and Distribute Finance and HCM Apps to Workday Customers
Workday, Inc. has announced "Built on Workday," a new program designed to enable partners to build, manage, and market apps for the Workday platform. Unveiled at the Workday DevCon 2024, this initiative allows partners to create tailored so
ColumnBroad Market Reach, Customers Expanding UKG Investments Fuel Second-Quarter Fiscal 2024 Momentum
UKG , a leading provider of HR, payroll, workforce management, and culture solutions for all people, today provided a business update for the second quarter of fiscal 2024, ending March 31, 2024. “We continue to see strong demand for UKG so
Product NewsKumanu Launches AI Coach to Elevate Whole Person Wellbeing
Kumanu has launched the latest version of its platform, Purposeful, featuring AI Coach, which uses evidence-based principles to enhance digital health coaching. AI Coach aims to boost intrinsic motivation and sustained behavior change while
Product NewsSkedulo launches new Scheduling Experience to help field-workers navigate the complexities of mobile work
Skedulo, a leading provider of mobile workforce management solutions, has launched a suite of new product features designed to enhance scheduling, mobile, platform, and developer experiences. The new offerings aim to empower deskless worker
Company NewsStacy 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
Company NewsLeadership, benefits, and technology risks top of mind for risk and HR professionals surveyed by Mercer and Marsh
The US People Risk 2024 Report by Mercer and Marsh, businesses of Marsh McLennan, highlights the top people risks identified by over 1,000 risk and HR professionals nationwide. The report reveals that ineffective leadership, improper reward
Product NewsHarri Announces Product Innovation Designed to Propel the Frontline Employee Experience and Restaurant Profitability
Harri , a leading Frontline Employee Experience platform, has announced its latest product release, featuring 70 new features and updates designed to enhance the efficiency and engagement of hospitality organizations. The Summer 2024 Releas
HotNewsBIDEN-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,
Product NewsFountain Launches New AI Products to Help Customers Manage Frontline Workforce
Fountain , the leading platform for frontline workforce management, has introduced four new products: Fountain Assist, Fountain I-9 Center, Fountain Reach, and Fountain Communicate. These tools are designed to enhance hiring, onboarding, an
Venture CapitalSona, next-generation workforce management for frontline, raises $27.5M Series A led by Felicis
Sona , an advanced workforce management platform for frontline enterprises, announced a $27.5M Series A funding led by Felicis, with participation from Northzone, Gradient, and others. This brings Sona's total funding to over $40M. The capi
EarningsFiverr Announces $100M Buyback as Q1 Earnings Beat Expectations
Fiverr International Ltd. reported strong Q1 2024 results, with revenue reaching $93.5 million, a 6.3% increase year-over-year, driven by strategic expansion into complex services and SPB growth of 8%. Despite a challenging hiring environme
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,
Venture CapitalIn-House Health Raises $4 Million Seed Round, Unveils AI-Powered Scheduling Platform to Combat Nurse Shortage Crisis
In-House Health , co-founded by Ari Brenner, Sergey Vasilenko, and Shachar Har Zvi, has launched an AI-driven scheduling and management platform designed to revolutionize nursing team operations. The platform, which aims to improve the nurs
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
Venture CapitalLegion Secures $50M Growth Investment Led by Riverwood Capital To Accelerate Market Growth and Drive Global Hourly Workforce Innovation
Legion Technologies , a leader in workforce management, has secured a $50 million funding round led by Riverwood Capital, with participation from various investors. This investment will enhance Legion's R&D and market expansion efforts, aim
ColumnWorkday Announces Date of Fiscal 2025 First Quarter Financial Results
Upcoming: Workday Inc. to announce Q1 fiscal 2025 financial results on May 23, 2024. Tune in for a comprehensive review of Workday`s business outlook and financial health at 4:30 p.m. ET. Live webcast available. PLEASANTON, Calif. , May 2
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