Qualtrics will go private after accepting a $12.5 billion buyout offer from Silver Lake Management and Canada Pension Plan Investment Board.
Silver Lake, CPP Investments and their co-investors will acquire all of the outstanding shares Silver Lake does not already own, including the entirety of SAP’s majority ownership interest.
The...
The global contingent workforce management industry generated $171.5 trillion in 2021, and will reach an estimated $465.2 trillion by 2031, a CAGR of 10.5% from 2022 to 2031. According to Allied Market Research, the growth is driven by an increasing demand for flexible workforces, shifting demographics and labor force...
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Lattice launched its People Strategy Group (PSG), a consulting collective. The company said the network is designed to help senior leaders build effective people programs, improve employee engagement, maximize team performance and...
Despite innumerable layoffs in recent months and a possible economic downturn, recruiting still holds promise in 2023, according to a recent report by Gem. The 2023 Recruiting Trends report found that 24% of recruiting organizations saw reductions in force in the last half of 2022—but 33% of smaller organizations...
Alight, provider of integrated digital human capital and business solutions, saw revenue growth 7.4% to over $3 billion dollars in 2022, with nearly a third of that coming in during the final quarter of the year. In addition, the company’s business process as a service (BPaaS) revenue grew 44.6%...
Recognition and rewards platform Bonusly secured $18.9 million in Series B funding led by Ankona Capital. Prior investors FirstMark Capital, Access Venture Partners, and Next Frontier Capital also participated.
Bonusly launched in 2013 and closed a $9 million Series A financing round led by Access Venture Partners in June 2020....
Mercer acquired Leapgen, an HR technology consulting firm that focuses on digital strategy and transformation, workforce solutions and the employee experience. The company said the acquisition will improve its position as a "trusted advisor" in the digital HR strategy market.
Mercer said the average employer deploys more than 16 HR...
As the technology improves and becomes more accessible, virtual reality has been making its way into new aspects of life and work in recent years. One area that has been benefiting from the tech is learning and development as well as training for new hires. From providing an immersive...
Our weekly roundup of deals, product announcements and other HR technology news.
Listen to a podcast of our roundup.
Betterworks launched a new one-on-one meeting module to help enable more effective and efficient meetings. The product, called Betterworks 1:1, supports preparation, execution and further action to help manage one-on-one meetings, so...
WorkLLama, which provides an AI-driven relationship management suite, secured $50 million in investment funds. Details weren't disclosed. The company said the investment indicates new demand in the market for talent technology and on-demand, highly skilled talent.
With the investment, the company hopes to accelerate product enhancements as well as continue...
