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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Workday Revenue Hits $2.649 Billion as AI Drives More Than 25% of New ACV
Workday reported fiscal 2027 second-quarter revenue of $2.649 billion, up 12.8% year over year, with subscription revenue rising 13.9% to $2.471 billion. More importantly, AI is beginning to show measurable commercial impact: CEO Aneel Bhus
Venture CapitalCheckr Acquires Truv, Expanding Into a $45 Billion Identity and Verification Market
Checkr has acquired Truv, expanding its AI-powered verification platform into government benefits eligibility while strengthening mortgage verification. Truv’s network reaches 96% of the U.S. workforce; Checkr serves 140,000+ customers glob
Company NewsHireQuest Q2 Profitability Surges as Staffing Market Shows Signs of Recovery
HireQuest reported Q2 2026 revenue of $8.1M, up 6.0% YoY. Excluding the MRINetwork divestiture, revenue grew 16.6% and system-wide sales rose 6.9%. Net income reached $2.7M, while Adjusted EBITDA increased to $4.6M. GOOSE CREEK, S.C.
Venture CapitalMarsh McLennan Agency to Acquire Accel Holdings, Adding 130+ Employees and Seven Midwest Offices
Marsh McLennan Agency will acquire Iowa-based Accel Holdings, Inc. The Accel Group has 130+ employees and 7 offices across Iowa, Illinois, Missouri and Kansas, spanning insurance, employee benefits, agribusiness, wealth and retirement advis
Company NewsADP Reports $21.95 Billion in Fiscal 2026 Revenue as AI Adoption Accelerates Across HCM, Service, and Sales
ADP closed fiscal 2026 with broad-based growth across revenue, earnings, client retention, and AI-enabled product adoption. Full-year revenue increased 7% to $21.95 billion, while net earnings rose 8% to $4.41 billion. Adjusted EBIT reached
Company NewsSegal Survey Projects Health Plan Cost Trend to Reach 15-Year Historic Highs Driven by GLP-1s, Inflation, AI, and Surprise Billing Arbitration
Segal’s 2027 Health Plan Cost Trend Survey projects that the median cost trend for employer-sponsored medical plans will reach 9.9%, approaching a 15-year high, while prescription drug costs are expected to rise 11.5%. Based on responses re
Product NewsPaylocity Launches Ignite AI Agents Across Payroll, Recruiting and Workforce Analytics
Paylocity launched Ignite AI, a platform-wide suite of AI agents for payroll, recruiting, time, workforce insights and data quality. A centralized Ignite AI Hub lets organizations control active agents, monitor adoption and measure producti
CoAdvantage and PrimePay Launch CoAd, Unbundling Traditional PEO Services for the First Time
CoAdvantage and PrimePay have launched CoAd, a unified payroll, HR and PEO brand serving 17,000+ clients and processing over $15B in annual payroll. Its modular model lets employers access co-employment without being required to...
DecisionHR Acquires Minnesota-Based PEO Paymasters to Expand Midwest HR Outsourcing Presence
DecisionHR, a Coalesce Capital portfolio company, has acquired Minnesota-based PEO Paymasters, expanding its HR outsourcing and PEO footprint across the Midwest and strengthening its presence in the Upper Midwest. Coalesce Capital has over $1.8B...
Shore Capital Acquires Denver-Based ThrivePass to Accelerate Employee Benefits Technology Growth
Shore Capital Partners has acquired Denver-based ThrivePass, an employee benefits technology platform serving employers, brokers and PEOs. Financial terms were not disclosed. ThrivePass supports lifestyle spending accounts, rewards, tuition reimbursement, COBRA administration and pre-tax...
Corestream Secures Strategic Investment from Lightyear Capital to Accelerate Product Innovation and Platform Expansion
Lightyear Capital has made a strategic investment in Corestream, a voluntary benefits and employee savings technology platform. Founded in 2006, Corestream serves over 6M employees and reconciled more than $500M in payroll premiums in...
Warp Raises $60M Series B to Challenge Workday, Rippling, and ADP in AI-Native Payroll Compliance
Warp has raised $60M in Series B funding led by Battery Ventures, with Peak XV, Sound Ventures, Y Combinator, and HOF Capital participating. The AI-native startup automates payroll, onboarding, tax compliance, IT management, benefits...
Chuhai.tips Launches HR Services in China to Help Global Companies Connect with Trusted Local HR Service Providers
Chuhai.tips has introduced HR Services in China, a dedicated service entry point helping global companies connect with trusted China-based HR service providers across EOR, payroll, recruitment, employment compliance, benefits, HR outsourcing, and workforce operations....
Paychex Reaches $6.512B in FY2026 Revenue as Paycor Integration and WISE AI Engine Drive Momentum
Paychex reported FY2026 revenue of $6.512B, up 17%, with adjusted operating income rising 19% to $2.815B. Q4 revenue increased 12% to $1.606B, supported by Paycor integration and growth across Management Solutions, PEO, insurance, and...
Niural Launches Niural AI Labs and Expands Series A to $52 Million for AI-Native Payroll and Benefits
Niural, the AI-native platform for global payroll, benefits, payments, and compliance, has launched Niural AI Labs and expanded its Series A to $52 million. The company positions the Lab as a “neolab for finance,”...
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,...
Paylocity Launches Paylocity Retirement, Integrating 401(k) Administration into Payroll and HR
Paylocity (NASDAQ: PCTY) has launched Paylocity Retirement, embedding Vestwell's retirement technology directly into its HCM platform. Employers can manage payroll, HR, and retirement plans in one system, while employees gain access to 401(
UKG Adds Agentic Orchestration to Connect Workforce Intelligence with Frontline Execution
UKG introduced agentic orchestration to its AI-first Workforce Operating Platform, adding Workforce Intelligence Hub and Dynamic Workforce Operations. New capabilities include Operational Benchmarks, Fully Loaded Labor Cost, Real-Time Workf
Workday Launches New Tools for Developers to Build, Connect, and Verify AI Agents For HR, Finance, and IT
Workday unveiled three major AI agent capabilities at DevCon 2026: Developer Agent, Agent-Ready Tools, and Agent Passport. Developers can now build HR and finance agents using natural language in Claude Code, Cursor, Codex, Cline, and Googl
Workday Global Research Finds AI Reduces Burnout but May Deepen the Workplace Connection Deficit
Workday’s new Human Connection Workplace Index surveyed 2,150 AI-using employees across 7 countries. While 62% say AI has reduced stress or burnout risk and 86% feel more productive, 14% have taken time off due to loneliness or social isola
Workday Announces Fiscal 2027 First Quarter Financial Results
Workday reported fiscal 2027 first-quarter revenue of $2.542 billion, up 13.5% year over year, with subscription revenue reaching $2.354 billion, up 14.3%. The company also delivered stronger profitability, with GAAP operating income of $33
Company NewsUKG Unveils Agentic-powered UKG Pro Pay with Workforce AI at Payroll Congress 2026
UKG introduced UKG Pro Pay with Workforce AI at Payroll Congress 2026, bringing agentic, assistive, and generative AI into payroll operations. New capabilities include Payroll Analyst Agent, Payroll Auditing AI, and anomaly detection using
Company NewsGusto Surpasses $1 Billion in Revenue, Serving More Than 500,000 Small Businesses
Gusto has surpassed $1B in trailing 12-month revenue, serving 500,000+ U.S. small businesses. The company added roughly 50,000 customers last quarter, achieved five consecutive quarters of ARR acceleration, and says more than half of ARR no
Product NewsHireClix Launches JobFlow AEO to Position Employers' Jobs and Brand in AI-Powered Search Results
HireClix has launched JobFlow AEO , a recruitment marketing solution built to help employer job postings and brand content appear in AI-powered search results across ChatGPT, Claude, Gemini, Perplexity and similar tools. The product uses sc
ColumnADP Q3 Earnings: $5.9B Revenue Driven by AI and Client Funds Interest
ADP reported strong Q3 Fiscal 2026 results, with revenue increasing 7% to $5.9 billion and adjusted diluted EPS rising 10% to $3.37. The company also raised its full-year guidance, now expecting revenue growth of 6–7% and EPS growth of 10–1
Product NewsSafeguard Global Launches Intelligent Workforce Tool to Transform Global Hiring and Workforce Optimization
Safeguard Global launches “Intelligent Workforce,” an AI-powered platform enabling companies to compare hiring scenarios across 187 countries in minutes. Combines real-time cost data + insights from 400+ in-country experts to optimize globa
Venture CapitalTriNet Acquires Cocoon to Strengthen Compliance-First Leave Management for SMBs
TriNet (NYSE: TNET) has entered into a definitive agreement to acquire Cocoon , a leave management platform founded in 2020. The deal adds compliance-first leave workflows, real-time leave tracking, integrated claims filing, and automated p
Venture CapitalGusto Acquires Mosey to Build End-to-End Compliance Infrastructure for SMBs
Gusto has acquired Mosey to expand its capabilities beyond payroll and HR into end-to-end compliance management for small businesses. Serving over 400,000 businesses, Gusto aims to integrate state and local registrations, filings, renewals,
HotNewsThe HR AI Forward Maturity Framework: A New Standard for AI Capability in HR
Why a Framework — and Why Now The challenge facing HR professionals today is not awareness. Most people working in HR have heard of AI, tried a tool or two, and can describe in broad strokes what it might do for their work. The challenge is
HotNewsStarbucks Announces New Incentive Rewards Program to Create More Opportunities for Partners to Share in Success
Starbucks launched a new incentive rewards program for U.S. hourly partners. Baristas and shift supervisors can earn up to $1,200 annually via quarterly bonuses tied to store performance and customer experience. Expanded tipping and weekly
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