Industry News

Coverage of business deals, partnerships, new products, people moves, marketing strategies, regulatory issues and other developments that HCM solutions providers, HR leaders, financial executives and investors need to know.

Hiring activity has come back “fast and furiously,” with 86% of employers now hiring, a 13% increase from last year. iHire’s 2021 State of Online Recruiting Report also found that more than two-thirds of employers increased hiring within the past year, while just 21% expressed concern about limited hiring...
Listen to a podcast of our roundup. Our weekly roundup of deals, product announcements and other HR technology news. JazzHR announced a partnership with end-to-end e-commerce platform Vendasta. The integration allows customers to access JazzHR within the Vendasta Marketplace. In addition to the Marketplace, Vendasta provides a business app that lets...
Cornerstone OnDemand said it will be acquired by the private equity firm Clearlake Capital. Under the terms of their agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The deal gives Cornerstone an estimated value of approximately $5.2 billion, the company...
As the economic recovery gets underway, employers are doubling down on their investments in workforce solutions. In fact, more than two-thirds of them will invest in HCM and employee experience technology this year. There are several reasons behind this: For one, immediate talent needs. For another, longer-term digital transformation initiatives. Ceridian’s...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Culture Amp received Series F funding of $100 million, raising its valuation to over $1.5 billion.  TDM Growth Partners and Sequoia Capital China led the round. CEO Didier Elzinga said the funding...
Even as the delta variant pushes up Covid-19 case numbers, the economy continues stepping toward recovery. But as employers scramble to find the likes of software developers and data specialists, they're also hunting for recruiters who can speed the pace of hiring. That’s according to LinkedIn, whose research found that...
Our weekly roundup of deals, product announcements and other HR technology news. Listen to a podcast of our roundup. Addison Group acquired ArcLight Consulting, a provider of HCM cloud implementation services. The acquisition takes advantage of Addison's expertise across the full suite of Oracle Cloud products and software specializing in HCM...
SmartRecruiters closed a Series E funding round of $110 million, bringing its total amount raised to $205 million. The round also increased the company’s valuation to $1.5 billion. The financing round—led by Silver Lake Waterman—came as SmartRecruiters demonstrated increased momentum in the talent acquisition space. Over the last 12 months,...
AI operating system creator Veritone will acquire recruiting technology provider PandoLogic for $150 million in cash and stock. The deal is worth about three times PandoLogic’s expected 2021 GAAP revenues, according to the companies. They expect the acquisition to be “immediately accretive,” with PandoLogic generating more than $50 million in...
London-based Learning Technologies Group will acquire GP Strategies Corporation, a workforce transformation solutions firm. The deal is worth an estimated $394 million. The companies said that, once the transaction is complete, they’ll form one of the world's largest solutions providers for businesses as they recast themselves. The company will deliver...