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Alight Reports Q4 2024 Earnings: $680M Revenue with 9.8% BPaaS Growth
Alight, Inc. (NYSE: ALIT) reported its fourth quarter and full-year 2024 financial results, demonstrating resilience despite a slight revenue decline. Q4 revenue stood at $680 million, with Business Process as a Service (BPaaS) revenue growing 9.8% to $146 million, now accounting for 21.5% of total
Feb 20, 2025
HR Technology
Talent Intelligence Leader Loxo Raises $115M to Revolutionize AI Recruiting with Tritium Partners Investment
Loxo, a leading AI-powered talent intelligence platform, has secured a $115 million growth investment led by private equity firm Tritium Partners. This funding will accelerate AI and product development, further solidifying Loxo's position in the recruiting software market. Recognized for its AI-dri
Feb 20, 2025
HR Technology
KKR Acquires Stake in HRM Platform Employment Hero from SEEK Investments
KKR, a leading global investment firm, has acquired a stake in Employment Hero, a prominent HR management platform, from SEEK Investments. Despite this transaction, the SEEK Growth Fund will continue as a material investor in the company. Employment Hero, founded in 2014, has grown to serve over 300
Feb 18, 2025
HR Technology
Paycom Software, Inc. Reports Fourth Quarter and Year-End 2024 Results
aycom Software, Inc. (NYSE: PAYC) reported strong financial results for Q4 and full-year 2024. The company achieved $1.88 billion in annual revenue, up 11% year-over-year, with a GAAP net income of $502 million (27% of total revenues). Adjusted EBITDA reached $775 million (41% of revenues). For Q4
Feb 12, 2025
HR Technology
Recruit Holdings Reports Q3 FY2024 Earnings: Revenue Rises 3.5% to JPY 896.9 Billion (USD 5.83 Billion), Driven by HR Technology Growth
Recruit Holdings , posted a 3.5% year-over-year revenue increase for Q3 FY2024, totaling JPY 896.9 billion (USD 5.83 billion). Operating income surged 28.2%, while adjusted EBITDA climbed 13.5%. The company highlighted stabilization in the US job market but noted weaker labor demand in Europe. HR te
Feb 12, 2025
HR Technology
ConverzAI Secures $16M Series A to Transform Recruitment with AI-Powered Virtual Recruiters
Seattle-based ConverzAI has raised a $16M Series A funding round led by Menlo Ventures, with participation from Left Lane Capital, Foundation Capital, and Afore Capital. The company specializes in AI-powered virtual recruiters, automating the entire recruitment process from candidate sourcing to fin
Feb 11, 2025
HR Technology
Insperity 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 adjusted EBITDA totaled $270 million. The company returned $152 mil
Feb 10, 2025
HR Technology
Selerix Acquires TBX® to Create an All-in-One Benefits Administration SaaS Platform
Selerix, a leading provider of cloud-based benefits administration solutions, has acquired The Benefits eXpert® (TBX®), a technology company specializing in employee benefits education and enrollment. The acquisition aims to create a comprehensive SaaS platform that integrates Selerix’s administ
Feb 6, 2025
HR Technology
Phenom Acquires EDGE to Enhance Workforce Intelligence for Professional Services, IT Services, and Global Capability Centers
Phenom, an AI-driven HR technology leader, has acquired EDGE, a top resource management and talent mobility platform. This move enhances Phenom’s Intelligent Talent Experience platform with advanced resource planning capabilities, catering specifically to professional services firms and global cap
Feb 6, 2025
HR Technology
Paycor Reports 13% Revenue Growth in Q2 FY 2025, Announces $4.1B Acquisition by Paychex
Paycor HCM, Inc. (Nasdaq: PYCR) reported a 13% YoY revenue increase to $180.4 million in Q2 FY 2025, alongside improved operating margins. The company's adjusted operating income grew 36% to $31.8 million, while net loss significantly narrowed to $2.0 million from $26.2 million the previous year. Pa
Feb 5, 2025
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