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. AllyO said annual recurring revenue more than tripled during 2019, and that 97 percent of its customers renewed their contracts. The company’s customer base nearly doubled, as did each one’s annual spend. AllyO said it’s...
Updated Ultimate Software and Kronos, both controlled by the private equity firm Hellman & Friedman, will merge to form a single HR technology provider with $3 billion in revenue, more than 12,000 employees world-wide, and an enterprise value of $22 billion.
Performance management platform Betterworks acquired Hyphen, a San Francisco-based company that provides tools for employee listening and engagement. Terms weren’t disclosed. By combining its performance management solutions with Hyphen’s listening capabilities, Betterworks said it’s melding business and HR processes that have traditionally been separate. The result will be...
WorkJam, a provider of workforce management tools, said it acquired the on-demand staffing platform Forge. It’s the company’s second acquisition in the last 18 months. The previous acquisition was of Peerio Technologies, a provider of employee communication software with secure messaging and file-sharing technology. That transaction...
Ethics will move to the center of HR technology discussion during 2020, with “the first conversations” beginning around the idea that “every HR department needs an ethics organization,” said John Sumser, principal analyst at HRExaminer. “Every HR department needs an ethics organization because we’re going to be...
Our weekly roundup of deals, product announcements and other HR technology news. Ceridian reported Dayforce revenue of $569.7 million during 2019, up 30.2 percent year-over-year. The company ended the year with more than 4,300 live Dayforce customers and 3.9 million active users world-wide, an increase of 25.8 percent....
While many employers have expressed concern about the need to train or reskill workers to handle new technologies, remarkably few offer necessary learning programs to their workers. According to Randstad Sourceright’s 2020 Talent Trends Report, 92 percent of HR leaders believe their company should be responsible...
Koch Equity Development will acquire Golden Gate Capital’s equity stake in Infor, making the company a standalone subsidiary of Koch Industries. Current management will stay on and its headquarters will remain in New York City. The transaction is reported to be worth some $13 billion. KED invested...
Our weekly roundup of deals, product announcements and other HR technology news. Accenture will acquire Sierra-Cedar’s Workday, Salesforce and U.S. MuleSoft practices. The acquisition will strengthen Accenture’s position in the Workday ecosystem and broaden the services it offers to higher education and government organizations. Some 275 Sierra-Cedar professionals will...
Everyone involved in HCM technology—from product designers to HR teams—seems laser-focused on anticipating the needs of younger workers. But a survey from ServiceNow Canada shows that Gen Z’s expectations may not be as challenging as everyone thinks. In some ways, in fact, this younger generation is downright traditional.