Happy Monday from snowy Pennsylvania. Here’s this week’s roundup of deals, product announcements and other news from the HCM technology community.
Workday’s revenue rose $788.6 million during 2019’s first quarter, which ended January 31. That’s an increase of 35 percent from the previous quarter, the company said. For the year, total revenues were $2.8 billion, 31.7 percent higher than fiscal 2018, while subscription revenues rose 33.4 percent to $2.39 billion. The company posted an annual operating loss of about $463 million, 16.4 percent wider than the loss seen in 2018. For the quarter, non-GAAP operating income came in at $92.7 million, or 11.8 percent of revenues, compared to $55.5 million, or 9.5 percent of revenues, during the fourth quarter.
Jobcase, which connects candidates and employers, secured $100 million in a round led by Providence Strategic Growth. VentureBeat says the brings the total raised to date to $118.9 million. The bulk of the money will be used for product development and, potentially, acquisitions related to machine learning, new integrations and APIs.
Cornerstone OnDemand launched the “5 for 20 Challenge,” a program designed to help companies bridge the skills gap. The challenges companies to dedicate 5 percent of their employees’ time to learning, arguing that doing so will deliver “significantly improved” employee retention. The challenge, which includes a guide to expanding corporate learning, launched as part of Cornerstone’s annual Digital Learning Event, which offers a learning portal that includes over 150 free courses in areas such as leadership, productivity and digital transformation.
Talent acquisition platform Paradox closed a Series A round of $13.3 million and will increase its headcount in 2019. The company said hiring will focus on product, sales and client success teams, and will expand the company’s U.S. footprint with regional offices in Dallas and Chicago. It didn’t identify participating investors.
EverythingBenefits announced an integration with ADP Marketplace that’s intended to offer a suite of end-to-end benefits solutions and services. The move will help ADP clients “complete some of today’s service and functionality gaps, while connecting existing players through one simple integration,” said Marketplace General Manager Craig Cohen. EverythingBenefits allows HR and benefits systems to communicate with insurance providers without burdening employees with a complex process.
Engagement intelligence platform Claro Workforce Analytics raised $1.1 million in new funding in a round led by Beta Bayview LLC. The proceeds will be used to accelerate product development and client expansion, the company said.
Forge Technologies, which facilitates the sharing of part-time employees between businesses, acquired ShiftMe, a shift-swapping app aimed at giving employees flexibility over their working hours. ShiftMe allows employees to list shifts they can no longer work so other employees can pick them up and managers can approve the change.
Engagement firm Reward Gateway launched Connect+, a mobile app that enables employees to recognize colleagues in real time. The app includes integrated communication tools to help connect employees to their company and each other. The app works as an extension of the Reward Gateway platform, so that recognition “can travel with employees anytime and anywhere,” the company said.
HCM platform provider Sapling raised $4 million in seed financing from Google’s venture fund, Gradient Ventures and Tuesday Capital. Sapling says it take an “integration-first approach” that allows employers and employees to connect tools they already use. It describes its strategy as being “focused on AI-powered automation and predictive insights, enabling HR to focus on the people side of People Ops, and empowering teams to make data-driven people decisions.”
SmartRecruiters teamed up with Intellicorp Records to provide IntelliCorp customers with an integrated solution that simplifies applicant screening while enhancing the candidate experience. The integration delivers “a seamless and secure method” to transmit candidate data, which in turn improves efficiency and reduces time to hire, the companies said.
Oracle is considering the area around Nashville for an office hub, real estate sources to the Nashville Business Journal. The newspaper said the company at least 500,000 square feet of office space, with the ability to add another 500,000 if necessary.
LinkedIn introduced mobile push notifications of new job postings. The company said users will be notified of new positions “within minutes” of their being posted.
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