Venture Capital
Paychex Acquires Paycor HCM for $4.1 Billion: A Game-Changer in HR Technology
Paychex, Inc. has agreed to acquire Paycor HCM, Inc. in a $4.1 billion all-cash transaction, marking a significant milestone in the HCM software industry. Apax Partners, Paycor's majority stakeholder since 2018, has been instrumental in driving the company's transformation and expansion, tripling it
Jan 7, 2025
Venture Capital
Invst Acquires NS Capital, Revolutionizing Retirement Solutions for Businesses
Invst, a leading investment advisory firm, has acquired NS Capital to establish the Invst Unity Pooled Employer Plan (PEP). This strategic move revolutionizes retirement solutions for businesses, addressing challenges like fiduciary liabilities and high fees while simplifying 401(k) administration.
Jan 6, 2025
Venture Capital
Payfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Inc., a global leader in Earned Wage Access (EWA) and digital banking for workforces, has entered into a definitive agreement to be acquired by Fiserv, Inc., a leading financial services technology provider. The all-cash deal values Payfare at CA$201.5 million, representing a 90% premium on
Dec 23, 2024
Venture Capital
Tenor Announces $5.4M Seed Funding to Scale AI for Leadership Development
Tenor, a new player in the HR technology landscape, has emerged from stealth mode with $5.4 million in seed funding led by Base10 Partners. Focused on revolutionizing leadership development, Tenor leverages AI-driven simulations to enhance managerial communication and decision-making skills. With im
Dec 20, 2024
Venture Capital
Deel Acquires Assemble: A New Era in Global Compensation Management
Deel’s acquisition of Assemble marks a significant advancement in global workforce management. By integrating Assemble’s robust compensation management tools into Deel’s platform, businesses can now access a seamless, data-driven solution for managing pay equity, transparency, and compliance.
Dec 19, 2024
Venture Capital
AI Leader Grammarly to Acquire Coda, Bring on New CEO
Grammarly, a leader in AI communication tools, announced its acquisition of productivity platform Coda. This move aligns with Grammarly’s vision to evolve into a comprehensive AI productivity platform, integrating Coda's flexible tools and AI solutions. Coda’s CEO Shishir Mehrotra will take the
Dec 17, 2024
Venture Capital
Venture Capital
Legion Technologies Secures $50M: AI-Powered Workforce Management on the Rise
Legion Technologies has secured $50 million in financing from Silicon Valley Bank, rounding out a $100 million funding round in 2024 and bringing its total funding to $195 million. Known for its AI-native, employee-centric workforce management platform, Legion aims to improve hourly jobs by enhancin
Dec 12, 2024
Venture Capital
Venture Capital