Roundup: Another Acquisition for Alight; Cornerstone to Buy Back Shares

HCM Technology Report News

Our weekly roundup of deals, product announcements and other HR technology news.

Alight Solutions agreed to acquire NGA Human Resources, a provider of digital HR and multi-country payroll services. NGA provides currently serves more than 250 clients, representing 3 million employees. Its platforms include hrX, which provides employers with a centralized point to access payroll and HR solutions, and euHReka, a multi-tenant cloud payroll system. In July, Alight acquired benefits technology and services provider Hodges-Mace.  

Cornerstone OnDemand’s board approved a share repurchase program under which the company can repurchase up to $150 million of its common stock. The program covers about 5 percent of Cornerstone’s current market capitalization.

In this week's #HRTech news roundup: @AlightSolutions to acquire NGA Human Resources, @CornerstoneInc will buy back shares, and more. #HRTribe #HR Share on X

Europe’s ATS market will post an estimated CAGR near 7 percent between 2019-2023, according to research by Technavio. The company said the integration of AI into applicant tracking systems will significantly increase the market’s growth over the forecast period.

Kelly Services will use on-demand hiring platform Moonlighting’s Blockchain Profile Management System to access independent talent communities. Moonlighting’s platform allows job seekers to create work profiles and distribute them to other freelance and gig marketplaces.

IAC will acquire NurseFly, a staffing web site focused on temporary healthcare staffing. NurseFly will join IAC’s Emerging & Other segment, which includes the on-demand staffing platform Bluecrew. The company will continue to be led by CEO Parth Bhakta and CTO Eric Conner, both co-founders.

BenefitMall added ancillary quoting to its Client Ready Quote System (CRQS) in New York and New Jersey. CRQS offers multi-carrier quoting for dental, vision, life and disability plans.

Caliper launched Caliper On Campus, a program designed to include information about assessments and their application into HR curricula at the graduate and undergraduate levels. The program gives students access to Caliper’s tools as they learn how to apply assessments to current workforce issues.

Benefitfocus has joined Ultimate Software’s UltiPro Connect Partners program. The company said an API integration will make it easier for mutual customers to exchange data between UltiPro and the Benefitfocus MarketPlace. The integration is now available in the UltiPro Connect Marketplace.

Benefits Software provider Selerix Systems announced an API integration with Paylocity. The integration allows groups managing benefits on the company’s BenSelect system to synchronize continuously with payroll, replacing file-based data exchange processes.

Media Partners Corporation, a producer of soft skills and compliance training programs, closed a $5.6 million Series A funding round. Byron Group, LLC, of Minneapolis was the lead investor. Media Partners CEO John Hansen said the funds will be used to speed production of new content, invest in analytics technology and increase marketing efforts.

People management platform provider Reflektive named Greg Brown as its new CEO. Current CEO Rajeev Behera will become chairman of the board and chief innovation officer. Previously, , Brown was senior vice president of International Business at Blackhawk Network and chief revenue officer at Achievers.

Last Week’s Top Stories:

Indeed Rolling Out In-Person Hiring Events

Indeed is introducing a service to organize and promote hiring events so that employers can “focus on hiring and not on event management.” Read more.

More Enterprises Seek to Upskill HR Departments’ Analytics Skills

Multinational employers would rather upskill their existing HR teams members to analyze workforce data and put it to use. That goal becomes increasingly realistic as more products become available to help make data and analytics accessible. Read more.

Are You Ignoring Unstructured Organizational Data?

Why make decisions based on incomplete information? In this Point of View, Adam Rogers, co-CEO and chief technology officer at Ultimate Software, shows why unstructured data can drive game-changing use of advanced technologies. Read more.

Podcast: Enterprise HR Upgrades Its Data Skills

It looks like multinationals would rather upskill their HR teams to analyze workforce data and put it to use. And it’s becoming easier to do that as more products are launched to make data and analytics more accessible.

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