Our weekly roundup of deals, product announcements and other HR technology news.
Syndio expanded its OppEQ product with Promotions, a new solution that helps companies analyze and address the leading cause of pay gaps: disparities in promotion rates across gender, race and ethnicity. With the addition, the company hopes to help employers measure opportunity gaps and zero in on their biggest opportunities to improve their workforce.
Interview company Karat acquired Triplebyte’s technical assessment product and its team. The acquisition adds a top-of-funnel, skills-based assessment to Karat’s suite of Interviewing Cloud offerings, helping organizations identify and hire technology professionals more quickly, more accurately and fairly. Triplebyte’s sourcing business, Magnet, and its candidate talent network will wind down effective March 31. Karat will anonymize the underlying data for analytics purposes.
SkillGigs, a talent marketplace that pairs healthcare and technology job seekers with AI-matched work opportunities, unveiled a new platform experience for its users. With it, the company believes both employers job candidates can more effectively create listings, screen through matches and have more productive compensation negotiations during interviews.
Recruiting platform HeadRace raised $6 million in seed funding from Greylock, Susa Ventures and Breyer Capital with Packy McCormick, Kindergarten Ventures and Blue Lion Global participating in the round. The company also announced that its technology platform is now available to any recruiter or employer who wants to use it. For recruiters, HeadRace offers a technology platform that provides opportunities to connect with new customers and earn.
Upduo, the peer-to-peer learning platform, raised $4 million in seed capital. The funding round was led by Impact Venture Capital with participation from Sky9 Capital and angels like Tim Crow, the former chief HR officer of Home Depot.
Last Week’s Top News
Qualtrics Agrees to $12.5 Billion Buyout; SAP Heads for the Exit
Qualtrics will go private after accepting a $12.5 billion buyout offer from Silver Lake Management and Canada Pension Plan Investment Board. The deal divorces the company from SAP, which had puts its stock in Qualtrics on the market earlier this year. Read More.
Hireology, Indeed Partner to Identify ‘More Relevant’ Candidates
Hireology rolled out a new integration with Indeed, further expanding the companies’ partnership. The integration will allow Hireology customers to drive more relevant job applicants from Indeed, the company said. Read More.
HR Sees Technology as One Solution to Rising Costs
Nearly half of HR leaders, 46%, say that HR technology is their top spending priority this year, followed by staffing and recruiting, total rewards and learning and development, according to research by Gartner. Read More.
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