Roundup: ADP, Ultimate Earnings; New Summit from Gartner

HCM Technology Report News Roundup

A roundup of deals, product announcements and other news from the HCM technology community.

ADP’s first-quarter revenues grew percent to $3.3 billion while net rose 22 percent to $505 million. Earnings before income taxes increased 14% to $647 million. New business bookings at its Employer Services unit increase 8 percent compared to a year ago, while PEO Services revenues rose 10 percent. About 528,000 worksite employees were paid by PEO Services, up 9 percent.

Ultimate Software reported third-quarter recurring revenues of $254.6 million, a 25 percent increase from the same period in 2017. Total revenues were $287.8 million, a 22 percent increase. GAAP net income for the quarter was $17.1 million, or $0.54 per diluted share, up from $4.3 million, or $0.14 per diluted share last year. Toward the end of the quarter, Ultimate acquired PeopleDoc, a cloud-based provider of HR service delivery, for about $300 million.

Gartner announced it will launch a Digital Workplace Summit in Orlando on May 29 and 30, 2019. The summit will focus exclusively on “the technologies people use to get work done in today’s modern work environments,” Gartner said. Topics of discussion will include strategic trends and workplace capabilities that will enable more effective ways of working, and how a culture of “digital dexterity” attracts the best talent. You can find more information here.

Kronos and IBM announced a collaboration that brings together the capabilities of Kronos’s Workforce Dimensions and IBM’s Watson Talent. The companies said their collaboration will help improve the management, engagement, performance, career development, retention of hourly workers.

Phenom People launched Phenom Artificial Intelligence, a talent acquisition platform that enables AI-powered personalization, search and insights for candidates, employees and recruiters. CEO Mahe Bayireddi said the product “bolsters the velocity of talent acquisition by quickly delivering the right jobs to candidates, the right candidates to recruiters, and the right teams for the business.”

GR8 People adopted a new brand identity and website that “align with the company’s growth and industry position as a revolutionary talent platform that brings CRM, recruitment marketing, hiring and onboarding together.”

Verisk’s Intellicorp Records unit joined with iCIMS to streamline candidate for its customers through a platform-to-platform integration. The arrangement offers organizations a unified workflow of applicant background information within a secure cloud-based.

Paycom launched Employment Predictor technology, a machine-learning-based product that gives employers greater insight into employees at risk of leaving their organization. The analytics available include departure-prediction trends based on risk factors and scoring of data already within the Paycom system.

Talmetrix, an employee feedback and talent analytics firm, acquired Critical Metrics LLC, a Seattle-based consulting firm that focuses on employee engagement and human capital ROI. The acquisition complements Talmetrix’s existing SaaS employee survey and reporting platform to include strategic guidance and associated support for talent-related initiatives.

Skyline Group said its leadership coaching technology, C4X, now allows companies to manage coaching programs end-to-end, track the investment they make in leadership coaching and measure impact. The company say its new ECX product is the first to give organizations the ability to measure skill development and the impact of leadership training.

SaaS provider Formstack announced an offline data-capture feature powered by Formstack Go, its new mobile app for iOS and Android. The add-on allows users to capture form data without a live internet connection, storing the data locally on the device and uploading it to the cloud once a connection is available. Offline Forms also retain third-party web app integrations such as Salesforce, QuickBooks and Zendesk, as well as workflow automation processes. It could be handy for accepting job applications via app, as well.

Digital workplace platform provider WorkJam unveiled Dynamic Documents, a module that distributes encrypted corporate documents across enterprise organizations. The solution enables employers to take advantage of their existing technology systems by making information seamlessly available to deskless workers. Dynamic Documents can push data to segmented groups of workers or individuals.

HR, benefits and compliance software provider Employee Navigator added insurance intermediary Brown & Brown to its list of partners.

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