Business

As technology advances, so does the opportunity for vendors to serve business of all sizes. But HCM technology is constantly changing as new companies emerge, old vendors plan for market changes and new generations of employees demand more from their tools. Here’s our coverage.

Recruiting platform Bullhorn has acquired Herefish, a St. Louis-based provider of staffing automation solutions. The company said adding Herefish’s tools will allow it to offer customers additional options to streamline their processes. Herefish’s solutions automate a variety of manual processes and messaging chores, which in turn helps employers improve recruiter productivity, data accuracy...
Our weekly roundup of deals, product announcements and other HR technology news. Safeguard Global expanded it workforce management and payroll suite. The expansion results from the company’s acquisition of WorkFor Group in May 2019, and offers solutions designed to address the onboarding, management and payroll needs of without their needing to implement additional technologies. GK Software...
Phenom People closed $30 million in Series C funding, bringing the total invested in the company to $61 million. The company will use the funds to continue scaling and growth. The round was led by WestBridge Capital with participation from AllianceBernstein and contributions from existing investors including AXA Venture Partners,...
Our weekly roundup of deals, product announcements and other HR technology news. Paylocity rolled out new features designed to help employers attract and retain Gen Z talent. Includes are on-demand pay, a social collaboration platform and an LMS. The company said Gen comprises 11 percent of its customers’ workforces. Kununu launched Culture Compass, a feature...
Modern Hire, the company formed by the May 2019 merger of Montage and Shaker International, said it will focus on growth during 2020. One of its differentiators: ethics in AI. The company said it added more than 60 enterprise clients including DHL, IBM and American Family last year, while client...
Our weekly roundup of deals, product announcements and other HR technology news. WorkForce Software became an Oracle HCM Cloud preferred partner. The company said customers could see performance improvements of 30 percent or more when measuring traditional co-location facilities. Last week, WorkForce released a new user experience that pushes notifications to managers and employees. Cornerstone...
Cornerstone OnDemand, SAP, SumTotal Systems and Ultimate Software are among the 15 HCM and educational technology vendors who’ve become founding members of a nonprofit focused on the research and development of blockchain solutions and promoting their adoption. The nonprofit, called the Velocity Network Foundation, seeks to create a global, open-source blockchain-powered “Internet of...
ADP continued its trend of steady earnings growth while Kronos reported double-digit revenue increases during their most recent fiscal quarters. ADP said its fiscal second-quarter earnings rose 5 percent compared to last year’s period, to $3.7 billion. Net earnings increased 17 percent, to $652 million, while adjusted earnings before interest and taxes...
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 join Accenture as part of the...
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 $2 billion in Infor in 2017,...