Our weekly roundup of deals, product announcements and other HR technology news.
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Culture Amp received Series F funding of $100 million, raising its valuation to over $1.5 billion. TDM Growth Partners and Sequoia Capital China led the round. CEO Didier Elzinga said the funding would help Culture Amp to reach more organizations. Culture Amp provides employers with the data they need to iterate the experience they’re to employees.
15Five and SMB HR provider Gusto implemented a two-integration partnership that allows customers to streamline their HR, payroll and performance management processes. The integration allows users to sync employee details and performance data, and manage quarterly tracking of objectives and key results.This week in #HRTech: @CultureAmp lands $100M investment; 15Five integrates with Gusto, and more. #HR Click To Tweet
Hireology acquired employee-referral technology provider EmployUs. The acquisition expands the company’s solution set, it said. With the acquisition, customers will be able to design referral programs, invite employees to participate, get referrals and manage rewards. Referred applicants will flow into Hireology, where hiring managers can automate communication and next steps.
The corporate wellness market will be worth more than $93 billion by 2028, a CAGR of 7%, according to Market Research Future. Driving the market: corporations adding wellness programs with an eye on increasing productivity, decreasing turnover, improving morale and quality of work. Globally rising obesity, weight issues, smoking and other lifestyle problems are driving the market.
HR platform Remote kicked off a partnership and integration with recruiting software company Greenhouse. Through the partnership, mutual customers will have access to Remote’s all-in-one hiring platform. It’s Remote’s first integration.
London-based Fuse, a learning and knowledge platform for enterprise businesses, acquired performance support platform PowerGuides. It also announced a strategic partnership with knowledge search specialists PureInsights. Also, Fuse’s new release will be available to customers in the third quarter, offering intelligent search and performance management in the flow of work.
E-learning firm OpenSesame announced a $50 million investment led by JMI Equity. The company said the investment will allow it to accelerate its global expansion and extend its technology platform through product-focused M&A and continue enhancing its products.
Businessolver and healthcare technology company Rightway partnered to help employers connect workers with relevant benefits and simplify their healthcare experience. Wiithin the integration, Rightway’s healthcare navigation solution can be directly accessed through a single sign on, allowing for personalized engagement throughout the plan year, the companies said.
Last Week’s Top Stories
SmartRecruiters Valuation Jumps to $1.5B After New Funding Round
SmartRecruiters closed a Series E funding round of $110 million, bringing its total amount raised to $205 million. The round also increased the company’s valuation to $1.5 billion. Read more.
LTG Acquires Transformation Firm GP Strategies
London-based Learning Technologies Group will acquire GP Strategies Corporation, a workforce transformation solutions firm. The deal is worth an estimated $394 million. Read more.
Limeade Takes Over TINYpulse to Broaden Experience Platform
Limeade acquired TINYpulse, a maker of employee listening software. Limeade believes the acquisition will give it direct access to mid-market customers looking for an integrated well-being and experience solution, and over time will enhance the Limeade experience for enterprise customers. Read more.
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