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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300U.S. Electrician Staffing Platform Buildforce Raises $10M Series A for National Expansion
Buildforce raised a $10M Series A led by Saepio Capital, with Blue Heron Capital, Revolution’s Rise of the Rest Seed Fund, S3 Ventures and Chicago Ventures participating. The electrician staffing platform reports 2M+ work hours across 2,000
Venture CapitalG&A Partners Acquires New York-Based CPEO Firm Ethan Allen HR Services, Expanding PEO and HR Outsourcing Capabilities in the Northeast
G&A Partners announced the acquisition of Ethan Allen HR Services , a long-established IRS-Certified Professional Employer Organization (CPEO) headquartered in Poughkeepsie, New York. The transaction strengthens G&A’s footprint in the Hudso
Venture CapitalBullhorn acquires TargetRecruit and expands Salesforce ecosystem to 150,000 users
Bullhorn , a global leader in staffing software, has acquired TargetRecruit , a Houston-based Salesforce-native provider of recruitment solutions. This strategic move expands Bullhorn’s reach in healthcare staffing, particularly in the high
Venture CapitalNew York-Based Warp Raises $18M Series A to Build AI-Driven Payroll and Compliance Platform for Startups
Warp , a New York-based HR and payroll automation startup, announced it has raised $18 million in Series A funding , bringing its total funding to $24 million . The round was led by Sound Ventures , with participation from Y Combinator , HO
Product NewsHomebase Launches AI Hiring & Scheduling Assistants for Small Businesses
Homebase has launched two AI-powered assistants—Hiring Assistant and Scheduling Assistant—to tackle the biggest time-consuming challenges for small businesses: hiring and scheduling. Built specifically for hourly teams, these tools automate
Company NewsInsperity Announces Fourth Quarter and Full Year 2024 Results
Insperity (NYSE: NSP), a leading HR solutions provider, reported its Q4 2024 and full-year 2024 financial results, with revenues reaching $6.6 billion for the year, a 1% increase year-over-year. Net income stood at $91 million , while adjus
Venture CapitalFrontier Direct Care Announces Initial Closing of its $20 Million Series B Financing
Frontier Direct Care , a Texas-based innovator in employer-sponsored healthcare, has secured $20 million in Series B funding led by Mehshah Capital. This funding will propel the company's mission to transform healthcare by improving accessi
EarningsInsperity Announces Third Quarter Results
Insperity, Inc. reported its third-quarter 2024 results, showcasing a slight decrease in worksite employees (WSEEs) by 2% year-over-year, with a total of 309,088 WSEEs. Despite this, Q3 net income stood at $3 million with a diluted EPS of $
Company NewsInsperity Achieves 16% Gross Profit Growth in Q2 2024 Amid Economic Challenges
Insperity , Inc. reported strong financial results for Q2 2024, despite a slight decrease in the average number of worksite employees (WSEEs). Gross profit increased by 16% to $260 million due to strong pricing and lower benefits costs. Net
Venture CapitalLightBay Capital Makes Strategic Investment in Questco, a National Leader in Outsourced HR Services
LightBay Capital has made a strategic investment in Questco, a leading professional employer organization (PEO) specializing in outsourced HR services. This partnership aims to support Questco’s growth through direct sales efforts, acquisit
Product NewsWizehire Launches New Candidate Texting to Streamline Recruiting Communication
Wizehire , a prominent hiring solution provider, has unveiled its new Candidate Texting feature, aimed at reducing interview no-shows by up to 71% and increasing interview rates by 26%. Recognizing that 90% of job candidates use cell phones
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
Venture CapitalIndustry-leading Team Management App Homebase Raises $60M Series D to Fuel Innovation and Expand Product Ecosystem for Local Business Teams
Homebase , a leader in HR and team management applications for small businesses, announced a $60M Series D funding led by L Catterton Growth with support from Emerson Collective and others. This funding will boost R&D to expand its product
Company NewsInsperity Announces Fourth Quarter and Full Year 2023 Results
Breaking New Grounds: Insperity's Revenue Hits $6.5 Billion, Fueled by Expansion and Workday Collaboration In their latest financial report, Insperity showcased impressive growth with a 2023 revenue of $6.5 billion, up 9% year-over-year, an
Venture CapitalKahuna Workforce Solutions Raises $21M in Series B to Transform Frontline Skills Management
Kahuna Workforce Solutions recently secured a $21 million Series B funding from Resolve Growth Partners to enhance its skills management technology for frontline workers. This significant investment marks a milestone in Kahuna's growth traj
Company NewsWorkday Announces Fiscal 2024 Third Quarter Financial Results
·Fiscal Third Quarter Total Revenues of $1.87 Billion, Up 16.7% Year Over Year ·Subscription Revenues of $1.69 Billion, Up 18.1% Year Over Year ·12-Month Subscription Revenue Backlog of $6.05 Billion, Up 21.9% Year Over Year PLEASANTON, C
Company NewsTargetRecruit Introduces Copilot: Elevating Recruitment Efficiency with Artificial Intelligence
TargetRecruit is excited to introduce a groundbreaking addition to our latest product release – Copilot, an advanced AI Integration Framework. This innovative framework marks the first step in a series of forthcoming AI capabilities designe
Company NewsMacorva Announces the Launch of Macorva MX, an AI-powered Performance Management Tool
HOUSTON -- Performance management is a critical business function, but it is often time-consuming and tedious for managers. Macorva , a leader in employee and customer experience solutions, is tackling this challenge head-on with the laun
Venture CapitalAirswift, a Workforce Solutions Provider, Signs an Agreement to Acquire Energy Resourcing
August 8th, 2023, Houston, TX - Airswift , the global workforce solutions provider, today signs an agreement to acquire Energy Resourcing , Worley’s global recruitment and contractor management business. On completion, the move is set to
Venture CapitalSkillit Secures $8.5M in Additional Funding to Solve Today's Skilled Labor Shortage for Leading Contractor Firms
NEW YORK—- Skillit , the data-driven recruiting platform for skilled, full-time construction labor, announced $8.5M in additional funding co-led by MetaProp and Bow Capital with participation from existing investor Building Ventures. Since
NewsEmpowering HR with AI: GoCo Announces Breakthrough Capabilities for HRIS Platform
HOUSTON-- GoCo.io , the leading provider of flexible software solutions for HR, benefits, and payroll, today announced the integration of advanced artificial intelligence (AI) capabilities into the platform. With this groundbreaking develop
Venture CapitalA SaaS-based Connected Worker Platform Innovapptive Raises an Undisclosed Amount in Series B Funding
Innovapptive , a Houston, TX-based provider of a SaaS-based connected worker platform, raised an undisclosed amount in Series B funding. The round was led by Vista Equity Partners , with participation from existing investor Tiger Global Man
AcquisitionVeriforce Transforms Its Global Workforce Management Capabilities with the Acquisition of Global Worker Pass
HOUSTON TX – May 3, 2023/-- Veriforce , the industry’s fastest-growing provider of supply chain risk and compliance management solutions, has announced the acquisition of Global Worker Pass , an innovative software solution designed to stre
Company NewsThe Liberty Group Acquires the Staffing Division of Full House Marketing Michigan
April 11, 2023/-- The Liberty Group (" Liberty " or "the Company"), a leading provider of specialty temporary staffing, executive search, and employee screening services to the multifamily residential real estate industry, announced today t
Venture CapitalEmpyrean Acquires Employee Communications and Engagement Platform and Launches +YOU, a Holistic Solution That Improves Employee Productivity, Wellbeing, and Retention
HOUSTON , Feb. 20, 2023 -- Empyrean , a company committed to building better corporate cultures through benefits, today announced the acquisition of employee communication and engagement platform Enspire . Through the acquisition, Empyr
Venture CapitalTalent Group Announces Acquisition of Queen Consulting Group
HOUSTON , Jan. 11, 2023 -- Talent Group , a leading national IT staffing company, announced today the acquisition of Queen Consulting Group, a nationally recognized IT staffing and consulting company specializing in healthcare and pharma I
Venture CapitalBGSF, Inc. Acquires Horn Solutions, Inc.
Acquisition Expands BGSF’s Position as a Leader in Consulting, Managed Services and Search PLANO, Texas-- BGSF , Inc. (NYSE: BGSF), a leading national provider of consulting, managed services and workforce solutions, announced today that it
Venture CapitalHRSaaS GoCo.io Raises $15 Million
Houston, Texas – GoCo.io, the leading provider of flexible software solutions for HR, benefits, and payroll, today announced a $15 Million funding round led by ATX Venture Partners in September. This brings the total recent investment to $
Venture CapitalGenuent and TekPartners, Announce Merger to Become INSPYR Solutions, a Leading Professional Staffing and Solutions Provider
Houston, Texas and Boca Raton, Florida (July 8, 2022) – Genuent Holdings, LLC (“Genuent”) and TekPartners, a subsidiary of P2P Staffing Corporation (“P2P”) announced today that the companies have merged to become INSPYR Solutions (“Company”
Product NewsU.S. Independent Professionals Earned an Estimated $247 Billion in 2021 and Have Never Been More Satisfied with Their Work, According to Fiverr’s Fifth Annual Freelance Economic Impact Report
Nearly 70% of freelancers have realized it is more important to be fulfilled in their work than just hold a job Fiverr International Ltd. (NYSE: FVRR), the company that is revolutionizing how the world works together, today released its fif
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