Our weekly roundup of deals, product announcements and other HR technology news.
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Lattice raised $60 million, raising its total valuation to about $1 billion. The latest round was led by Tiger Global. The company said the funds would be used to expand its team to pursue product development and geographic expansion. Today, Lattice has 225 employees, 2,500 customers and over 500,000 users.
Ginger, an on-demand mental health company, announced $100 million in Series E financing in a round led by Blackstone Growth. The round brings the company’s total funding to over $220 million.
.@LatticeHQ raises $60 million. iHire acquires sports-job site WorkinSports. @SuccessFactors records 2,000 customers for performance management. And more from #HRTech Share on XiHire plans to acquire WorkInSports, a sports industry employment hub. WorkInSports will become the 57th industry-focused community on iHire’s recruitment platform. Both companies have signed a binding letter of intent and expect the transaction to be completed in the coming weeks. After the acquisition, WorkInSports will be fully integrated with iHire’s platform.
More than 2,000 customers have signed up for SAP SuccessFactors’ continuous performance management product. The company said the Covid-19 pandemic put a spotlight on the need for flexible communication, and that CPM is being used to increase the frequency of one-on-one conversations.
Training firm Axonify acquired MLevel, a data-driven learning platform. The combination will offer customers the benefits of complementary capabilities, the companies believe. “By joining a company with significant scale, we will create unrivaled access for organizations seeking a continuous approach to empower their employees,” said MLevel CEO Jordan Fladell.
Trackforce Valiant, a management platform used by security guard companies, announced a partnership with Jobvite that allows it to provide an integrated solution to help source talent while reducing administrative effort. In additionthe partnership helps ensure that the process of onboarding new recruits is centralized, seamless and integrated directly into Trackforce Valiant’s Time and Labor Management and Payroll Management applications.
Payroll solutions provider Immedis released employee self-service, which allows for the self-service of employee banking details. The platform encrypts personal information to ensure it’s stored securely in the cloud and that users have access only to the data they need.
Learning platform Kahoot added German and Italian versions of its mobile app, making it available in a total of seven languages. The others are English, Spanish, French, Brazilian Portuguese and Norwegian. Kahoot said it’s seen significant growth recently in Germany and German-speaking regions.
meQuilibrium acquired the assets of breathing app Resilio, introducing biometric technology into the meQuilibrium platform.
The pandemic has forced technology workers to do more for their money, with over half, 55%, reporting that their workloads have increased at the same time as some two-thirds, or 64%, have experienced pay freezes or reductions. Heavier workloads carried out remotely have impacted, with 75% more tech workers reporting this year that they are presently concerned about the state of their mental health due to work pressures, according to Harvey Nash Group’s Technology & Talent Study. The study found that 28% of tech workers globally are presently concerned about their mental health.
Last Week’s Top Stories
New Platform Aims to Help With Social, Economic Well-Being
A technology firm focused on well-being and a Midwestern health organization have launched a platform designed to help organizations address “social determinants of health,” the social and economic challenges that can be the root causes of employee health issues, lost productivity and reduced engagement. Read more.
Recruiting Platforms Add Capabilities to Reach Diverse Candidates
Greenhouse and Circa announced a partnership to expand delivery of job postings to underrepresented communities, while Appcast released an index to help employers measure their efforts to reach diverse candidates. Read more.
Business Leaders Out of Step With Employees on Hybrid Work’s Effects
While there seems to be consensus that the world of work will be markedly different once the Covid-19 pandemic ebbs, precisely what that world will look like, and what it will encompass, remains up in the air. Read more.
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