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.
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,...
Koch Equity Development will acquire Golden Gate Capital’s equity
stake in Infor, making the company a standalone subsidiary of Koch Industries.
Current management will stay on and its headquarters will remain in New York
City.
The transaction is reported to be worth some $13 billion. KED invested $2 billion in Infor in 2017,...
Our weekly
roundup of deals, product announcements and other HR technology news.
Accenture will acquire Sierra-Cedar’s
Workday, Salesforce and U.S. MuleSoft practices. The acquisition will strengthen
Accenture’s position in the Workday ecosystem and broaden the services it
offers to higher education and government organizations. Some 275 Sierra-Cedar
professionals will join Accenture as part of the...
ADP continued its trend of steady earnings growth while
Kronos reported double-digit revenue increases during their most recent fiscal
quarters.
ADP said its fiscal second-quarter earnings rose 5 percent compared to last year’s period, to $3.7 billion. Net earnings increased 17 percent, to $652 million, while adjusted earnings before interest and taxes...
Cornerstone OnDemand, SAP, SumTotal Systems and Ultimate
Software are among the 15 HCM and educational technology vendors who’ve become
founding members of a nonprofit focused on the research and development of blockchain
solutions and promoting their adoption.
The nonprofit, called the Velocity Network Foundation, seeks to create a global, open-source blockchain-powered “Internet of...
Our weekly roundup of deals, product announcements and other HR technology news.
WorkForce Software became an
Oracle HCM Cloud preferred partner. The company said customers could see
performance improvements of 30 percent or more when measuring traditional co-location
facilities. Last week, WorkForce released
a new user experience that pushes notifications to managers and employees.
Cornerstone...
Modern Hire, the company formed by the May 2019 merger of Montage and Shaker International, said it will focus on growth during 2020. One of its differentiators: ethics in AI.
The company said it added more than 60 enterprise clients including DHL, IBM and American Family last year, while client...
Our weekly roundup of deals, product announcements and other HR technology news.
Paylocity rolled
out new features designed to help employers attract and
retain Gen Z talent. Includes are on-demand pay, a social collaboration
platform and an LMS. The company said Gen comprises 11 percent of its customers’
workforces.
Kununu launched Culture Compass, a feature...
