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. CFO Arthur Gitajn said global sales,...
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.
The new company plans to add 3,000 employees...
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 “an integrated,
data-driven continuous approach to both...
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 closed in January 2019. At the...
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 helped employers connect with
3.2 million candidates...
Cornerstone OnDemand will acquire the talent
experience solutions provider Saba Software in a cash and stock transaction
valued at nearly $1.4 billion.
The acquisition gives Cornerstone an “an expanded reach and ability to help a larger, diverse group of clients realize the potential of their people,” the company said. Once the merger’s...
Our weekly roundup of deals, product announcements and other HR technology news.
The most effective job-hunting resource for cartoonists and animators is a free shared spreadsheet compiled by illustrator Chris Mayne, says the industry web site Cartoon Brew. Since the beginning of 2020, Mayne’s added 1,500 jobs to the sheet...
Twelve days after announcing its imminent
merger with Kronos Inc., Ultimate Software kicked off its 2020 users conference
with a concerted effort to assure customers any resulting changes would be good
changes.
“I believe with everything in me that this is a merger like no other,” Kronos CEO Aron Ain, who will lead...
While the wider technology industry has reported cutbacks in
travel, event cancellations and mandates for employees to work from home, the
coronavirus’s impact on the HCM technology space is still developing.
So far, it seems, vendors face the most exposure from disruptions to their sales pipelines as a number of industry events...
Our weekly roundup of deals, product announcements and other HR technology news.
Cornerstone OnDemand led a $15
million Series B funding round in Talespin, and announced an ongoing
partnership with the company to provide extended reality training solutions to
customers. Through the partnership, the firms will develop technology and
products, Talespin’s VR learning content...
