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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Paylocity 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
Company NewsDayforce 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
EarningsADP 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
Product NewsQualtrics Rolls Out Game-Changing AI Features for Enhanced Employee Engagement
Qualtrics has unveiled new AI-driven tools for its XM for Employee Experience platform, aimed at enhancing employee engagement and productivity by refining feedback analysis and actionable insights. The tools include Qualtrics Assist for Em
Product NewsPaycor 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
EarningsTriNet’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
Venture CapitalTalentNeuron Acquires HRForecast, Launches First Unified Strategic Workforce Planning Platform
TalentNeuron, backed by Leeds Equity Partners, has acquired HRForecast, a strategic workforce planning and skills management software provider. This acquisition will create the first end-to-end platform integrating internal workforce data w
EarningsServiceNow Reports Q3 2024 Financial Results: 23% Subscription Revenue Growth, Total Revenue Reaches $2.797 Billion
ServiceNow exceeds guidance across all Q3 2024 topline growth and profitability metrics; raises 2024 subscription revenues guidance Subscription revenues of $2,715 million in Q3 2024, representing 23% year‑over‑year growth, 22.5% in constan
Product NewsHireology Revolutionizes Hiring for Multi-Location Businesses with New Action Center Dashboard
Hireology , a leading provider of hiring software for multi-location businesses, introduced its new Action Center dashboard, designed to provide real-time insights into the hiring process. This feature helps HR teams and recruiters manage h
Product NewsEveree 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
EarningsRobert Half Surpasses Expectations with Protiviti's Strong Q3 Performance
Robert Half Inc. reported its third-quarter 2024 financial results, showing revenues of $1.465 billion and net income of $65 million, with earnings per share at $0.64. This reflects a decline compared to Q3 2023, where revenues reached $1.5
Venture CapitalTide Expands SME Services with Acquisition of Onfolk Payroll Solution
Tide , a UK-based business financial platform, has acquired Onfolk , an HMRC-recognized payroll solution for SMEs, announced on October 18, 2024. Onfolk specializes in integrating accounting, pensions, and people systems, making payroll man
Venture CapitalMPAY Expands with Web Payroll Acquisition: A Game-Changer for Texas Businesses
MPAY, a leader in payroll and human capital management solutions, completed its acquisition of Web Payroll & Tax Solutions. This move is part of MPAY’s ongoing strategic expansion, following two earlier acquisitions in 2024. Web Payroll, kn
Venture CapitalBullhorn Ventures Invests in Staffing Referrals to Automate and Scale Agencies' Referral Programs
Bullhorn Ventures has announced its investment in Staffing Referrals, the top automated referral management (ARM) platform, on October 17, 2024. The partnership aims to help staffing agencies reduce reliance on job boards and improve the qu
Product NewsIntroducing Ask BambooHR: AI-Powered Solution Revolutionizing HR Efficiency and Employee Support
BambooHR , the leading cloud-based HR platform, introduces Ask BambooHR, an AI-powered chat interface designed to help HR professionals reclaim time by automating responses to routine questions about policies, benefits, and company data. An
Product NewsSmartRecruiters Unveils Winston: AI That Keeps Hiring Human
SmartRecruiters has launched Winston, an AI-powered recruiting companion designed to revolutionize the hiring process by automating and optimizing various tasks such as candidate screening and interview scheduling. Built as part of the Smar
Product NewsPaylocity Unveils AI Assistant to Transform HR Efficiency
Paylocity has launched its new AI Assistant, a conversational tool designed to simplify and accelerate HR processes for professionals and employees alike. Integrated into the Paylocity platform, the AI Assistant provides real-time, contextu
Venture CapitalADP Acquires WorkForce Software
ADP , a leader in human capital management solutions, has announced its acquisition of WorkForce Software, a company specializing in workforce management for large global enterprises. This strategic move enhances ADP's global workforce mana
Venture CapitalHR Path Acquires IN-RGY, Expanding Global Reach and Strengthening Canadian Market Presence
HR Path, a global HR consulting leader, has acquired IN-RGY, a Canadian HR digital transformation firm. This acquisition strengthens HR Path's presence in the Canadian market and aligns with their global expansion strategy, supported by a r
Venture CapitalCareerminds Acquires Progression To Enhance AI-Driven Career Development Solutions
Careerminds , a global provider of outplacement and career development services, has acquired Progression , a UK-based SaaS company specializing in AI-powered career framework solutions. Progression's platform helps organizations build scal
ColumnPaychex, Inc. Reports Solid First Quarter Results
Paychex, Inc. reported solid financial results for the first quarter of fiscal 2025, with a 3% increase in total revenue, reaching $1.3 billion. Adjusted diluted earnings per share rose by 2%, despite challenges such as the expiration of th
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
Product NewsPaycor Launches Cutting-Edge Time-Off Management Tools to Boost Productivity
Paycor HCM, Inc. has announced innovative time-off management features that streamline operations and improve employee well-being. These new tools enhance real-time visibility, automate approval processes, and help leaders prevent burnout.
Product NewsADP Unveils Lyric: The Flexible, Intelligent and Human-Centric Global HR Platform
ADP has launched Lyric HCM , a Human Capital Management (HCM) platform leveraging GenAI to enhance personalized employee experiences on a global scale. Lyric offers a comprehensive solution by combining flexibility, intelligence, and human-
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
Product NewsAlvaria’s Workforce Enterprise Suite Becomes Aspect
Alvaria , a leader in workforce management and contact center technology, is reviving its legacy brand, Aspect , as part of a new growth era under CEO Darryl Kelly. Aspect, which will operate as an Alvaria-owned subsidiary, is reintroduced
Venture CapitalSan Francisco-based Mercor Secures $30M Series A to Transform Global Recruitment with AI
Mercor , an AI-driven hiring platform, raised $30 million in Series A funding at a $250 million valuation. The round was led by Benchmark's Victor Lazarte and Bill Gurley, with participation from notable investors like Peter Thiel, Jack Dor
Company NewsFormer Board Member Chip Pearson Steps into CEO Role at When I Work
Chip Pearson has been appointed as the new CEO of When I Work , a leading provider of workforce management software trusted by over 200,000 workplaces worldwide. With over 20 years of experience, Pearson's leadership includes roles at JAMF,
Product NewsPaychex Introduces AI-Assisted Recruiting That Helps Small Businesses Instantly Find Top Talent
Paychex has introduced a new AI-assisted recruiting tool, Recruiting Copilot, in partnership with Findem, to help small and medium-sized businesses streamline the hiring process. Using 3D data and natural-language search, the tool can quick
Venture Capital11xAI Raises $24 Million Series A Led by Benchmark to Revolutionize Digital Workforce with AI Agents
11xAI has raised $24 million in Series A funding led by Benchmark to accelerate the development of AI-powered digital workers and expand globally. Addressing the fragmented Go-to-Market (GTM) tools landscape, 11xAI offers AI agents like Ali
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