Roundup: PE Firm Buys SilkRoad; Glassdoor Acquires Social Network

News Roundup

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

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The PE firm HighBar Partners acquired SilkRoad. In combination with the deal, HighBar Partners will provide additional growth equity financing to further develop SilkRoad’s SaaS capabilities, elevate its technology stack and deliver new global business solutions that support digital and workforce transformation. Existing investors Foundation Capital and Two Sigma Ventures are participating with HighBar in the growth equity financing for SilkRoad.

Glassdoor completed the acquisition of Fishbowl, a social network used by more than 1 million professionals engaging in conversations about career, industry and workplace-related topics. Financial terms are not being disclosed. Because of Fishbowl’s focus on building connections and conversations for working professionals, the company said the two platforms are highly complementary and will help users get the information necessary to make more informed career decisions.

In this week's #HRTech roundup: PE firm acquires SilkRoad, @Glassdoor acquires social network, SocialChorus and Dynamic Signal link, and more. #HR Click To Tweet

SocialChorus and Dynamic Signal launched Firstup, a new company built to “reimagine” employee connection through improved workforce communications. Firstup reflects a vision in which forward-looking, employee-first companies can reach, connect and engage every worker, regardless of location. The platform already serves 15 million workers in 180 countries.

UK-based BrightHR launched what it calls the UK’s first real-time, HR support and compliance AI platform. The platform uses over 20 million HR queries to give businesses free business advice and answers wherever and whenever they want it. Managers and executives type questions into the Bright Lightning feature to get quick answers.

Topia launched two solutions as part of its summer product release. The new Topia Select offering for small to mid-size mobility programs and new automated pre-travel approval workflows deliver simplicity, speed and compliance, and will work even as talent mobility changes over time. 

Sourcing platform Talenya released  Engagement AI, a fully automated talent sourcing solution. The company said Engagement AI can save hours of work by automatically sourcing and contacting potential candidates, allowing more time for interviews and connection. Talenya’s data scientists spent four years developing the GDPR-compliant technology, the company said.

Lever, the talent acquisition suite, announced plans for Candidate Fit and Intent Data, an offering that will help teams source, identify and reach out to candidates and measure if they’ll will be a good potential fit for a company. In addition, Candidate Fit and Intent Data will increase retention and employee performance by finding candidates that fit the role and company.

Last Week’s Top Stories

Cornerstone OnDemand to go Private as PE Firm Takes Ownership

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 said. Read more.

Qualtrics Launches New Employee Sentiment Tools

Qualtrics is rolling out EX25, a new framework designed to help employers monitor employee sentiment. With its 25 drivers that impact every employees’ workplace experience. Built into Qualtrics EmployeeXM, EX25 helps employers keep up with their employees’ needs and take action to improve engagement and retention. Read more.

Workday Dubs Google Cloud a ‘Preferred’ Partner

Workday named Google Cloud as a preferred cloud partner across core industries including healthcare, financial services and retail. The company said Google Cloud will help businesses run Workday enterprise applications for finance, HR and planning in a public cloud environment. Read more.

Podcast: CSOD’s Doug Segers on Why Content Works With Tech

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