Apr 30, 2021
Ceridian a global leader in human capital management (HCM) technology, announced it has entered into a definitive agreement to acquire Ideal, a leading talent intelligence software provider based in Toronto, Ontario. This acquisition is anticipated to optimize Ceridian’s talent management offering once Ideal’s capabilities are integrated into the Dayforce platform.
The acquisition is expected to close on April 30, 2021
Ideal’s talent intelligence products enhance recruiting processes, including screening, shortlisting, and matching top candidates. Dayforce customers will also have access to Ideal’s Diversity, Equity, and Inclusion (DEI) intelligence system, enabling employers to meet diversity head-on by ensuring that objectivity and inclusion happen up-front in the talent acquisition and management processes.
https://hrtechfeed.com/ceridian-to-acquire-ideal/
CareRev, a labor marketplace platform that connects hospitals and health systems with local healthcare professionals on demand, today announced the closing of a $50 million series A financing round led by Transformation Capital, a growth equity fund solely focused on innovative healthcare IT and services companies.
Los Angeles-based CareRev offers a cloud-based platform in which hospitals and other healthcare facilities post shifts when they need clinical support, and local, vetted healthcare professionals claim the shifts through their mobile app — eliminating the need for a traditional agency.
Unlike other healthcare labor marketplace platforms, CareRev offers health systems the technology to create their own hybrid marketplaces in which internal employees are given the option to claim shifts before they’re broadcasted to local, external CareRev professionals.
The platform helps hospitals reduce labor costs, particularly offsetting expensive travel contracts, and gives professionals a more intuitive way to pick up shifts: on their phones.
https://hrtechfeed.com/healthcare-job-marketplace-lands-50m-in-funding/
Kent Plunkett, Founder & CEO of Salary.com, the compensation solution provider of the trusted data and intuitive software you need to get pay right, today announced the company has secured $67M in funding in a financing round led by Accel-KKR Credit Partners, Centre Lane, and Wells Fargo Capital Finance.
The new capital will be used to accelerate innovation and expand hiring at the industry’s fastest-growing compensation management company.
Managing the complexities around compensation management is a top priority for organizations facing elevated expectations around workforce transformation. Vast and diverse data sets, big data analysis, and visualizations are becoming the norm. Infrastructure for job description management and market pricing are in high demand. In building the world’s largest compensation data cloud on the industry’s most secure collaboration platform, Salary.com is redefining modern compensation analysis.
“Salary.com created the compensation technology category in 1999 and continues to lead the industry in bringing innovations to the field under the steady hand of the original team, a plus in an industry that has seen much upheaval and consolidation,” said Todd Ofenloch, Managing Director in the Boston office of H.I.G. Capital. “We’re excited to support the company’s future growth and next wave of innovation.”
https://hrtechfeed.com/67-million-for-salary-com/
IPO news
Paycor HCM, Inc., a leading Software-as-a-Service provider of human capital management solutions for small and medium-sized businesses, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be contemplated or as to the actual size or terms of the offering. Paycor has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “PYCR.”
and
ZipRecruiter® (www.ziprecruiter.com) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public direct listing of its Class A common stock. ZipRecruiter intends to list its Class A common stock on the New York Stock Exchange.
The company made over $400 million in 2020 and is currently profitable after a huge round of layoffs last year. Inside the S1 filing i saw that they think the stock is worth 25 dollars per share so we’ll see what it opens at.
No timetable a=has been given for these IPO announcements.
https://hrtechfeed.com/ziprecruiter-announces-filing-of-registration-statement-for-proposed-public-direct-listing-of-its-class-a-common-stock/
Lastly in the biggest news of rhe week
Jobvite, the leading end-to-end talent acquisition solution provider, today announced it is joining forces with JazzHR, the leading recruiting software provider for small and medium-sized businesses, and NXTThing RPO, a high-growth recruitment process outsourcing (RPO) company. Backed by K1 Investment Management, the transaction combines three complementary companies to form the most comprehensive provider of talent acquisition and recruiting solutions for organizations of all sizes, spanning from SMBs to global enterprises.
JazzHR’s Pete Lamson will serve as CEO and will lead the next phase of growth for the company. Aman Brar will continue to provide strategic direction to the organization by joining the Board of Directors.
“Through our combined businesses, we are unparalleled in markets we cover, with purpose-built and data-driven solutions ranging from SMB to enterprise. We are the only talent acquisition provider to offer discrete SMB and enterprise grade technology solutions, and couple both with industry-leading recruitment services,” said Lamson. “Whatever the customer size, budget, technology, or service level required, Jobvite, JazzHR, and NXTThing RPO have the solutions our markets need.”
Jobvite is like those NBA superteams acquired all start talent and trying to win a championship...thats a lot of moving parts to integrate...I’ll be chatting with Pete lamson in an upcoming podcast...
https://hrtechfeed.com/jobvite-jazzhr-and-nxtthing-rpo-to-merge-and-form-super-vendor/