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.

UK-based job-search engine Adzuna said it’s acquired Getwork, an American platform that targets enterprise companies. Getwork connects jobseekers and job openings at a variety of North American employers, indexing millions of verified jobs each day from tens of thousands of employer career sites, the company said. That includes over 50...
Digital learning platform provider Skillsoft agreed to sell its SumTotal business to Cornerstone OnDemand for approximately $200 million in cash. SumTotal, which focuses on developing learning and HCM software for highly regulated industries, is a neat fit with Cornerstone’s content-heavy strategy for developing its customer base and roadmap. In March, Cornerstone acquired the learning experience...
ServiceNow is acquiring Hitch Works in a deal that's expected to close in Q2 2022. Terms of the deal weren't disclosed. Hitch uses AI tools to map peoples’ skills to projects. With the acquisition, Hitch's features will be made available across the ServiceNow platform. These days, how companies treat their employees...
Velocity Global raised $400 million in a Series B  round, increasing the company’s valuation by an order of seven from this time a year ago. The round was led by Eldridge and Norwest Venture Partners. They'll join investor FFL Partners on the company's board of directors. The company itself retains majority ownership and...
Workday’s fiscal results surged in 2023's first quarter, which ended April 30, 2022. Fiscal first quarter total revenues of $1.43 billion were up 22.1% year over year. Subscription revenues were $1.27 billion, an increase of 23.2% from the same period last year. Operating loss was $72.8 million, or negative 5.1%...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. HiBob joined forces with Deputy to eliminate duplicative manual data entry for HR managers and team leaders. The integration allows customers to manage shift employees in Deputy, without having to manually re-enter...
Crosschq acquired TalentWall, the creators of a recruiting analytics platform that's designed to help talent acquisition teams  hire more efficiently and collaboratively through the use of data. TalentWall serves as a central source for analytics and insights. The acquisition expands Crosschq's set of solutions, helping recruiters and talent leaders to...
Transcript Mark: Welcome to People Tech, the podcast of the HCM Technology Report. I'm Mark Feffer. My guest today is Steven Rothberg, the founder and chief visionary officer of collegerecruiter.com. They work with businesses, government agencies, and others to help hire students who are recent grads for part-time, seasonal,...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a roundup of our podcast. Private equity firm TA Associates will make an investment in iCIMS along with existing investor Vista Equity Partners. The company said Vista and TA will maintain equal economic interests in iCIMS and...
It’s been a banner year for eLearning Brothers as the company announces its third acquisition of 2022 -- CoreAxis, which provides creative solutions in training design, development and on-demand learning. The company also changed its name to ELB Learning. CoreAxis is known in the recruiting space as a leader in providing...