Our weekly roundup of deals, product announcements and other HR technology news.
LMS provider Absorb Software has acquired ePath Learning, a cloud-based learning technology company based in Connecticut. It’s the third acquisition for Absorb this year following August’s purchase of eLogic Learning and May’s acquisition of Torch LMS. Absorb now serves more than 1,100 customers and has 255 employees across eight offices.
Employee experience software developer Limeade raised about $68 million in an IPO on the Australian Securities Exchange. The company said that puts its market value at some $335 million. Limeade will use the funds for product development, customer support and expanded sales activities.In this week's #HRTech roundup: LMS Absorb acquires ePath Learning; Limeade raises some $68M; and more. #HR #HRTribe Click To Tweet
Talent marketplace Gloat raised $25 million in Series B funding in a round led by Eight Roads Ventures and Intel Capital. Existing investors Magma Venture Partners and PICO Partners also participated. The funds will be used to expand Gloat’s New York and Tel Aviv offices with added headcount, and also to enhance its technology platform.
Nearly three-quarters, 72 percent, of U.S. workers want access to their wages before pay day, according to Kronos’s Workforce Institute. Fifty-one percent say on-demand pay is a more attractive benefit than additional paid time off, and employees with a household income of less than $50,000 were more likely to want early access to earned wages. While just 6 percent of employees are paid on-demand today, 43 percent if would sign up for it if they had the chance.
Hourly, a workers comp, payroll and time tracking platform purpose-built for small businesses, raised $7.15 million in seed funding. The round was led by Aya Peterburg and Haim Sadger of S Capital, with participation from Inovia Capital, J-Angels and 22 angel investors.
Uber plans to expand its gig platform Uber Works beyond its original test bed in Chicago. According to Bloomberg, the service will soon will be available in Miami, and more cities will be brought into the fold next year. Thus far the program has focused on workers at traditional staffing agencies, but the company said it will soon start recruiting from its pool of drivers.
First Advantage and Jobvite have partnered to offer streamlined screening services to Jobvite’s customers. By sharing status updates between the systems, First Advantage said it will improve the candidate experience for Jobvite customers and deliver up-to-date information throughout the lifecycle of a background or drug screening order.
Phenom People will host its third annual talent experience conference, IAMPHENOM, in Philadelphia from March 3 through 5, 2020. The agenda includes more than 25 presentations of keynote, panel and breakout sessions on career sites, chatbots, CRM, university recruiting, internal mobility, AI and talent analytics. Learn more here.
JazzHR announced an integrated partnership with point-of-sale system Clover. The arrangement allows Clover to seamlessly incorporate hiring into their existing business processes through the ability to create and post jobs, track candidates and provision employees as hiring team members.
Last Week’s Top Stories
ADP Wants to Leapfrog Competitors With Next Generation HCM Technology
While it’s not unusual for vendors to publish some kind of vision statement this time of year, ADP’s concept of “smart and personalized” HCM technology hints that the 70-year-old behemoth may be more nimble than most think. Read more.
Candidates Don’t Trust Your AI Recruiting App
Recruiters and recruiting technology vendors have committed themselves to incorporating advanced technology into their processes. But a sizable majority of candidates say they’d feel uncomfortable using an AI-based interview app during the screening process. Read more.
Degreed Acquires Adepto to Add Skills Insights to Learning Platform
Degreed acquired London-based Adepto, a platform that allows organization to gain greater insight to the skill sets of employees as well as candidates and alumni. Read more.
Podcast: Cornerstone Brings Oculus VR into LMS
Cornerstone OnDemand announced a deal with Facebook’s Oculus to incorporate virtual reality into its LMS. Listen here.
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