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BoomerangHR emerges from stealth with $12.7M to automate offboarding and alumni networks
BoomerangHR launched from stealth with $12.7M in seed funding (led by Kalos Ventures and Album Ventures) for a platform that automates offboarding compliance and builds a verified alumni network matched to open roles. Warby Parker is an early customer.
Allvia Acquires Atlanta-Based Smith Communication Partners to Expand Workforce Strategy and Employee Communications
Allvia, a workforce services platform backed by Trinity Hunt Partners, has acquired Smith Communication Partners, an Atlanta-based firm founded in 2005. The deal expands Allvia’s capabilities in workforce strategy, employee communications, benefits, total rewards,...
Venture CapitalSnapCare and connectRN Join Forces to Provide Growth-Forward Workforce Solutions Powering Better Care
SnapCare and connectRN have merged to form a unified healthcare workforce platform, backed by a new Series A led by Suvretta Capital. With 500,000+ clinicians across acute, post-acute, home health, and school care, the company aims to impro
Product NewsSage Launches Sage HCM to Connect HR, Payroll, and Finance for Mid-Market
Sage launches Sage HCM for mid-market companies in North America, integrating HR, payroll, and finance via Sage Intacct. Includes AI-powered HCM Agent for payroll automation, compliance alerts, and workflow efficiency. Targets multi-entity,
Venture CapitalAtlanta-Based AI Leadership Platform Huper Raises $1.5M Pre-Seed
Atlanta-based Huper has raised $1.5M in pre-seed funding from Nadia Partners, Link Ventures, and Jim Brown (Long Ridge Equity Partners) to build a security-first AI Chief of Staff. The platform launches alpha April 15 and aims to reduce the
Venture CapitalOrgChart Secures Strategic Investment Led by Resurgens Technology Partners
OrgChart , a workforce planning and organizational visualization software provider, has announced a strategic investment led by Resurgens Technology Partners, with existing investor Lock 8 Partners retaining a minority ownership stake. The
Venture CapitalEquifax Announces Acquisition of Vault Verify
Equifax has completed its acquisition of Vault Verify, strengthening its position as a leading provider of employment and income verification services. By integrating Vault Verify’s real-time API-driven verification technology, Equifax enha
Venture CapitalVeroSkills Secures Funding to Scale AI-Powered Staffing Platform Addressing America's $1 Trillion Blue-Collar Labor Crisis
VeroSkills has raised US $5.3 million to scale its AI-powered staffing engine aimed at solving a US $1 trillion blue-collar labour-shortage. In the past six weeks the company contracted US $15 million in annual recurring revenue by matching
Venture CapitalRefAssured Raises $3.3M Seed Round to Build “Back of a Baseball Card” for Talent Performance
RefAssured , a San Francisco-based provider of automated reference checking and talent performance insights, has raised a $3.3 million oversubscribed seed round led by Dogwood Ventures with support from HighSage Ventures and strategic inves
Product NewsFountain Launches Frontline OS to Cut New Hire Screening Time of Frontline Workers by up to 98% and Boost Retention by 50% Through Agentic AI
Fountain has launched Frontline OS , an AI-native operating system designed for the world’s 2.7 billion frontline workers. Powered by Copilot AI with Anthropic’s Claude models, the platform automates hiring, onboarding, scheduling, complian
Venture CapitalOnPay Secures $100M+ in Funding to Transform SMB Payroll and HR Solutions
OnPay , a leading provider of payroll, HR, and benefits solutions for small and mid-sized businesses (SMBs), has raised over $100 million in funding. This includes a $63 million Series B round led by Carrick Capital Partners and a debt faci
Venture CapitalFirst Advantage Completes Acquisition of Sterling Check for $2.2 Billion
First Advantage Corporation (NASDAQ: FA) has successfully completed its acquisition of Sterling Check Corp. for $2.2 billion, including assumed debt. This strategic move enhances First Advantage's global presence and product offerings in ba
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
Product NewsRandstad Debuts New App, Revolutionizing Connection Between Employers and Talent
Randstad, the world’s largest talent partner, has launched a new app designed to transform the connection between employers and job seekers. This AI-driven, two-sided marketplace gives job seekers unprecedented control over their employment
Company NewsFirst Advantage Posts Solid Q2 2024 Results; Anticipates Sterling Acquisition Closure by Q4
First Advantage Corporation reported second quarter 2024 results, showing revenue of $184.5 million and a net income of $1.9 million, which includes $9.2 million in expenses related to the acquisition of Sterling Check Corp. Adjusted net in
Company NewsNetchex Launches Community: An Employee Recognition & Engagement Platform to Build Team Cohesion
Netchex has launched Community, an innovative employee recognition and engagement platform aimed at boosting morale and fostering connections within organizations. Integrated into the Netchex application, Community offers features like pers
Venture CapitalGigpro Secures $16M Series A Financing Round to Transform Hospitality Labor Market
Gigpro , a prominent on-demand labor marketplace for the hospitality industry, secured $16 million in Series A funding led by Foundry, with contributions from Stage 1 Ventures, Stage 2 Capital, and Detroit Venture Partners. This funding wil
EarningsFirst Advantage Reports First Quarter 2024 Results
First Advantage Corporation reported its Q1 2024 financial results, showing revenues of $169.4 million and a net loss of $2.9 million due to acquisition-related costs. The company announced an adjusted net income of $24.8 million and adjust
Company NewsAlight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Alight , Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move
Venture CapitalFirst Advantage to Acquire Background Check Company Sterling for $2.2 Billion in Cash and Stock
First Advantage Corporation has announced a definitive agreement to acquire Sterling Check Corp. for approximately $2.2 billion, inclusive of debt. The merger unites complementary technology and services in employment background screening a
Company NewsFirst Advantage Reports Full Year and Fourth Quarter 2023 Results
First Advantage Corporation reported its financial outcomes for 2023, highlighting a revenue of $763.8 million and a net income of $37.3 million. The adjusted EBITDA was $237.6 million. Despite a revenue decline from the previous year, the
Product NewsEchoSpan Secures $25.7 Million Jury Award in Trade Secret Theft Lawsuit Against Rival Medallia
On November 1, 2023, following an extensive legal battle, a jury in the United States District Court for the Northern District of California found Medallia liable for trade secret misappropriation against EchoSpan, a leading provider of emp
Venture CapitalB2B Fintech Purchasing Power Lands $177M Debt Financing
Purchasing Power, which links employees and companies to provide flexible purchasing benefits, has secured $177M credit facility. This financing underscores investors' confidence in its platform that enables employees to buy electronics and
Venture CapitalFirst Advantage Expands Digital Identity Solutions by Acquiring Infinite ID
ATLANTA, Sept. 05, 2023 -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, today announced the acquisition of Infinite ID, a U.S.-based digital identity auth
EarningsFirst Advantage Reports Second Quarter 2023 Results with Revenues of $185.3 Million
ATLANTA, Aug. 09, 2023 -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, announced financial results for the second quarter ended June 30, 2023. “We achieve
EarningsFirst Advantage Reports First Quarter 2023 Results
ATLANTA, May 10, 2023 -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, announced financial results for the first quarter ended March 31, 2023. “We reported
Venture CapitalImpellam Says in Talks to be Acquired by HeadFirst Global
Global staffing firm Impellam Group plc is in talks to be acquired by HeadFirst Global . Impellam announced the discussions in a regulatory filing on July 4 with the London Stock Exchange. It noted HeadFirst Global has until Aug. 1 to eithe
Venture CapitalUTA Acquires Executive Search and Consulting Firm James & Co.
New UTA Division to be Led by Industry Veterans Michele James and Roysi Erbes BEVERLY HILLS, CA (June 20, 2023) – UTA , a global leader in talent, entertainment, sports and advisory, has acquired James & Co., a leading executive search and
Venture CapitalA Healthcare Staffing Company Jackson Healthcare Completes Acquisition of A Medical Staffing Company LRS Healthcare
ATLANTA and OMAHA, Neb., June 12, 2023 — Jackson Healthcare ® , a family of highly specialized healthcare staffing, search and technology companies, and LRS Healthcare ® , a leading provider of medical staffing, today announced that the a
Venture CapitalHealthcare Workforce Automation Platform Dropstat Lands $5.5M Seed Round
LOS ANGELES — Dropstat , an AI-powered workforce automation platform helping healthcare organizations combat clinical staffing shortages, has successfully closed a $5.5M seed funding round. Panoramic Ventures, an Atlanta-based firm that in
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