Our weekly roundup of deals, product announcements and other HR technology news.
Willis Towers Watson released an enhancement of its Employee Engagement Software, adding advanced analytics to its employee survey platform. The analytics module integrates and analyzes multiple sources of survey data alongside an organization’s own HRIS information. The idea is to help companies understand how employee opinions vary across multiple surveys and HRIS data such as performance ratings, rewards, leadership or gender.
Learning Technologies Group acquired Breezy HR, a provider of recruitment software to SMBs. LTG expects Breezy’s business to extend its client base to include a new SMB audience, and builds on its 2018 acquisition of PeopleFluent, which brought it talent management capabilities. The company said integration should leverage Breezy’s software to support feature releases to PeopleFluent’s enterprise product customers.
Latest #HRTech news: #WTWhr's enhancements; deals by @Shiftgig, @LTGplc. #HR Share on XShiftgig pivoted into the realm of software-only offerings by selling its staffing and national events businesses. Deploy, the company’s flagship SaaS product is a data-driven platform that helps employers redeploy and engage workers. CEO Rick Bowman said the move will sharpen the company’s focus and drive “the continued evolution” of its products.
Mobile-coaching platform BetterUp reported record year-over-year demand for its services. The company said it tripled in revenue growth in 2018 for the second consecutive year, and is now working with more than 100 customers. Last year, BetterUp expanded its platform with on-demand coaching and a network of experts to address such issues as public speaking, sleep and nutrition.
Forge Technologies announced a partnership with Mall of America to launch a talent-sharing network. Forge’s product allows businesses in close geographic proximity to share and manage part-time labor. Working together, Forge and Mall of America hope to create the largest talent sharing network in the U.S. “to ensure mall tenants never struggle for quality talent and to give their employees an opportunity to increase their earning potential.”
U.S. companies will spend an average of $3.6 million on well-being programs in, according to the 10th annual Health and Well-Being Survey from Fidelity Investments and the National Business Group on Health. While programs focused on physical health remain the most popular offering on well-being platforms, the survey found employers continue to recognize the interrelationship between physical, financial, work and life well-being. In the future, employers will continue focusing on financial incentives as a key benefit within well-being platforms, the survey said.
Vaporware officially released Scoutr, a web app that ranks and presents best-matched candidates to hiring teams. Initially unveiled in August 2018, Scoutr is designed to reduce time-to-hire, even offering same-day interviews in many cases, the company said. The app allows for easier manager review of candidates and from-anywhere access.
Eskalera, an HCM platform the uses data, AI and machine learning to help companies develop more inclusive cultures, launched. Its flagship product Eskalera Engage, melds D&I insights with a company’s core HR data, generating “actionable insight” for use by HR. Engage consists of two components, Experiences and Insights, that offer D&I learning, employee sentiment and core HR data.
People First RH launched software to facilitate the reporting of workplace harassment. The package uses visible workflow, automatic escalation and an anonymized summary of an organization’s harassment statistics that’s made public.
Hireology closed $27 million in Series D financing from investors led led by Blue Cloud Ventures and current backers Bain Capital Ventures and Baird Venture Partners, as well as Silicon Valley Bank. This latest round brings Hireology’s total capital raised to $60.5 million. The company said funds will be used to accelerate its growth in new market verticals and create new features.
Salary Finance, provider of financial education and salary-linked savings and loans for its customers’ employees, announced a $33 million Series C round led by existing investors Blenheim Chalcot and Legal & General. Simultaneously, the company said SoFi co-founder Dan Macklin will become CEO of Salary Finance, Inc., the company’s U.S. operation.
Innovapptive, a connected workforce platform for asset-intensive industries, closed a Series A round of $16.3 million led by Tiger Global Management. The financing will be used to fund continued expansion and for further development of its product. It brings the company’s valuation to more than $65 million.
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