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...
As work-from-home and hybrid work situations become more of the norm post-pandemic, even Microsoft is loosening the shackles a bit as it will no longer issue non-compete clauses in new employee contracts and will end enforcement of old non-competes for most employees, excluding senior leadership. (The move was reported...
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.
BambooHR announced an addition to their BambooHR culture suite called Employee Wellbeing which will assist job seekers in finding the ultimate employee experience as employers are taking a closer look at the...
The use of talent assessments is increasing, CHROs say. They also believe that within the next year, the use of hiring and talent evaluations will return to pre-pandemic levels.
Research by Talogy, a workforce assessment and development firm, found that feedback systems, DEI and new strategies will become more common...
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,...
