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.

UKG reported a 20% year-on-year revenue increase of $811 million during the company’s fiscal third quarter, ending June 30, 2121. Subscription revenue grew 20% during the period, while earnings before interest, tax, depreciation and amortization (EBITDA) excluding float grew to $208 million compared to last year’s period. “We are excited...
SAP has purchased the intellectual property of SwoopTalent, a data intelligence firm, with an eye toward embedding its data and machine learning technology into SAP SuccessFactors and advancing SAP’s vision of human experience management.    “Delivering individualization at scale requires a sophisticated, powerful data platform that extends across multiple systems,”...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Paylocity announced continued growth of its Modern Workforce Solutions, which include features such as Community, Premium Video, Surveys, Learning Management and the recently launched Modern Workforce Index. In the fiscal year ending...
Mark Feffer: Welcome to People Tech the podcast of the HCM technology report. I'm mark Feffer. My guest today is William Tincup. He's the president and editor at large for recruiting daily. He's also a well-known annalist advisor and speaker in the world of talent acquisition, HR and technology....
Workday named Google Cloud as a preferred cloud partner across core industries including healthcare, financial services and retail. The company said Google Cloud will help businesses run Workday enterprise applications for finance, HR and planning in a public cloud environment. Workday believes businesses must adopt digital strategies that help improve...
The great majority of HR practitioners believe AI will make even further inroads into their practices over the next five years. According to Eightfold AI’s HR Future State 2021 report, nearly 82% of the practitioners surveyed think HR teams will incorporate more AI tools into their talent management processes during...
Listen to a podcast of our roundup. Our weekly roundup of deals, product announcements and other HR technology news. JazzHR announced a partnership with end-to-end e-commerce platform Vendasta. The integration allows customers to access JazzHR within the Vendasta Marketplace. In addition to the Marketplace, Vendasta provides a business app that lets...
Cornerstone OnDemand said it will be acquired by the private equity firm Clearlake Capital. Under the terms of their agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The deal gives Cornerstone an estimated value of approximately $5.2 billion, the company...
As the economic recovery gets underway, employers are doubling down on their investments in workforce solutions. In fact, more than two-thirds of them will invest in HCM and employee experience technology this year. There are several reasons behind this: For one, immediate talent needs. For another, longer-term digital transformation initiatives. Ceridian’s...
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...