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.

Learning company Guild Education acquired Entangled Group, a “venture studio” that focuses on products related to training and development. Guild said the acquisition, its first, will help it accelerate the development of solutions that, among other things, help displaced workers find new jobs. Entangled’s...
CFOs see the initial round of frenetic activity spurred by the COVID-19 pandemic as settling down. In its place is a new, challenging business environment that’s characterized by lower revenues and reconfigured workplaces. But as anxious as some executives are to “get back to business,” safety concerns...
Our weekly roundup of deals, product announcements and other HR technology news. Paychex rolled out real-time payment capabilities that allow companies to pay employees for time-worked, and make payroll adjustments on the fly to address time-sensitive or emergency situations. RTP is being offered in...
iCIMS acquired Opening.io, an Irish data science company that applies AI to talent acquisition, and launched a new product based on its technology, iCIMS Talent Logic. Talent Logic pairs Opening.io’s solution with iCIMS extensive set of hiring data points, which the company says numbers...
Paradox, developers of the HR-centric AI assistant Olivia, received $40 million in Series B funding in an effort led by Brighton Park Capital. The company plans to use the funding to “expedite its vision,” which we believes means to continue development and sales efforts.
Cornerstone OnDemand founder Adam Miller is moving out of the CEO’s office to make way for Phil Saunders, who led Saba Software through its acquisition by Cornerstone in February. When the transition takes effect on June 15, Miller will become co-chair of Cornerstone’s board...
Ceridian CEO David Ossip told financial analysts that his company encountered more obstacles than barriers during 2020’s first quarter, and there may be some hints the COVID-19 pandemic’s impact are touching bottom. The company reported revenue of $168.8 million during the three months ending...
Our weekly roundup of deals, product announcements and other HR technology news. Ultimate Software released UltiPro Giving, a solution that facilitates corporate and employee giving. Available to UltiPro customers at no charge, the module both formal campaigns and one-off donations through automatic deductions from...
Don’t look for HR technology vendors to make dramatic new product announcements anytime soon, say industry leaders and executives. First, they’re focused on supporting employers grappling with the pandemic and its fallout. Second, customers prefer stability over any kind of change during a recession—including...
Namely, an HR platform focused on the needs of mid-sized employers, laid off just over 100 employees, or 25 percent of its workforce. In an interview with the HCM Technology Report, CEO Larry Dunivan said the company had little choice but to cut back...