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.

The most common characteristic among today’s HR tech stacks is a focus directed more on employees than on HR professionals. Vendors, it seems, pay the most attention to self-service, mobile access and employee engagement, according to the HR.com’s Research Institute. Specifically, HR tech portfolios involve employee self-service (66%), allowing employees...
UKG acquired the Great Place to Work Institute, a consulting firm and researcher that reviews corporate cultures and certifies organizations that have managed to build a rewarding place to work. Great Place to Work is the organization behind Fortune’s annual list of 100 Best Companies to Work For, which the...
Headspace, which focuses on mindfulness and meditation, and Ginger, which offers on-demand mental healthcare, have agreed to merge. Together, they will offer a global mental health and wellbeing platform as the combined entity called Headspace Health. According to TechCrunch, the new company will be worth some $3 billion and home...
Recruiting software developer Paradox said it will acquire the mobile-first assessment platform Traitify. Terms weren’t disclosed. “Our goal has always been to build a software company that solves real problems for our clients,” said Paradox CEO Aaron Matos. Traitify, he said, “share our passion for recruiting and our philosophy that...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. iCIMS filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range...
Job.com acquired two staffing firms: Fortus Healthcare Resources, which provides direct and travel placement of healthcare professionals; and Endevis, which offers permanent recruitment services, contract staffing and recruitment process outsourcing to the automotive, commercial and manufacturing sectors. Together, the two businesses will add more than $50 million of annual revenue to Job.com’s...
Workforce management platform PRO Unlimited will acquire Workforce Logiq at some point later this year. The company said the transaction will combine two organizations that share a common approach to solving their clients’ contingent workforce management needs through the use of a holistic platform. In addition, it will expand...
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...