Industry News

Coverage of business deals, partnerships, new products, people moves, marketing strategies, regulatory issues and other developments that HCM solutions providers, HR leaders, financial executives and investors need to know.

Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Culture Amp received Series F funding of $100 million, raising its valuation to over $1.5 billion.  TDM Growth Partners and Sequoia Capital China led the round. CEO Didier Elzinga said the funding...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Addison Group acquired ArcLight Consulting, a provider of HCM cloud implementation services. The acquisition takes advantage of Addison's expertise across the full suite of Oracle Cloud products and software specializing in HCM...
SmartRecruiters closed a Series E funding round of $110 million, bringing its total amount raised to $205 million. The round also increased the company’s valuation to $1.5 billion. The financing round—led by Silver Lake Waterman—came as SmartRecruiters demonstrated increased momentum in the talent acquisition space. Over the last 12 months,...
AI operating system creator Veritone will acquire recruiting technology provider PandoLogic for $150 million in cash and stock. The deal is worth about three times PandoLogic’s expected 2021 GAAP revenues, according to the companies. They expect the acquisition to be “immediately accretive,” with PandoLogic generating more than $50 million in...
London-based Learning Technologies Group will acquire GP Strategies Corporation, a workforce transformation solutions firm. The deal is worth an estimated $394 million. The companies said that, once the transaction is complete, they’ll form one of the world's largest solutions providers for businesses as they recast themselves. The company will deliver...
In this guest column, SAP Fieldglass CTO Vish Baliga writes that the growth of the contingent workforce requires employers to rethink how they approach diversity. A lot has changed in the past decade. Phones are slimmer and smarter, streaming services are replacing cable TV, but one recent change—the proliferation of...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our update. Learning technology company Articulate raised $1.5 billion in what VentureBeat calls “one of the biggest (if not the biggest) series A rounds ever.” The funding raised Articulate’s value to $3.75 billion. Articulate...
Indications are that a number of employers will transition to some form of hybrid work, where employees spend some of their days at home and others in the office. But exactly what that will mean for HR and workforce technology spending isn’t clear. According to Gartner, IT spending will reach...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. By 2024, 80% of technology products and services will be built by people who aren’t tech professionals, Gartner said. Driving the trend is a new category of buyers who work outside of...
The Covid-19 pandemic has sharpened employers’ focus on employee experience, with more than nine in 10 of them (94%) saying improving experience will be a top priority over the next three years. That’s up from 54% before the virus struck, according to a survey by Willis Towers Watson. The numbers...