DailyPay acquisition of Kronos Workforce, Zoho WorkDrive upgraded, Alight Solutions Acquired NGA Human Resources, top 10 news for the week of 9 November 2019
One of the major providers of the daily pay benefit, DailyPay, recently announced that it had joined the Kronos Workforce Dimensions Technology Partner Network. The network is a fast-growing ecosystem of companies leveraging the innovative Dimensions solution and intelligent Kronos D5 platform in order to reshape the future of workforce management.
WeWork, the provider of co-working and shared office space solutions for entrepreneurs, freelancers, startups, and businesses, received $1.5 billion in funding from SoftBank Group. Additionally, several governance changes came into effect too, including the reconstitution of the Board of Directors at WeWork. The financing package from SoftBank also contains $5 billion in new debt financing. Founder of the firm, Adam Neumann, has now become a Board observer. His voting rights stay with the Board.
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Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, announced the acquisition of the business assets of HR inTune, a company located in Berwyn, Pennsylvania. HR inTune is a human resource consulting organization that works towards addressing complex workforce management needs through different configurations of HR outsourcing. The company has numerous HR services in the offering that include HR compliance, compensation program implementation, technology analysis and support, leadership training, etc.
Zoho Corporation, the global leader in providing a widespread suite of business software solutions, made several modifications to its Content Collaboration platform, WorkDrive. The revamped WorkDrive now contains numerous added features and has better knowledge and context of underlying business processes. It will assist teams in collaborating seamlessly, while providing excellent team management capabilities to relevant stakeholders.
One of the renowned people and culture platform, Culture Amp, announced the global rollout of its Diversity & Inclusion Starter Kit. This is the only product on the market that is freely available for businesses so that they can build more inclusive workplaces. Culture Amp helps companies across the globe take action to improve employee engagement, performance, and retention. It is a Culture First certified B Corporation used by 2,500 customers including Aegon, Salesforce, Airbnb, Mercy Health, Slack, KIND Snacks, McDonald’s, and Go Cardless, etc.
The global payroll and payment management platform Papaya Global, announced the close of a $45 million funding round led by Insight Partners, with participation from Bessemer Venture Partners and existing investors New Era Capital Partners and Dynamic Loop Capital. The company was founded with a vision to reinvent the global payroll and payment industries. The recently acquired funding will support the organization’s swift expansion plans.
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Alight Solutions, one of the forerunners in providing payroll, benefits, and cloud solutions, acquired NGA Human Resources. The duo in association will now work towards enhancing the level of technological capabilities, functional expertise, and geographic reach across payroll, benefits, and HR solutions to their customers.
One of the reputed names in the fields of cloud-based learning, talent management, and emerging talent experience market, Cornerstone OnDemand, Inc., announced the availability of a new learning series. The Digital Native Advancement (DNA), a new series of original nano-learning courses to help Generation Z establish themselves at work and communicate effectively with their peers and managers.
IBM Watson Media came out with its Video Streaming mobile application in order to take workplace communication to the next level. Businesses need better means of connecting with and engaging their employees in the current times. The newly launched app will provide enterprises with an end-to-end, security-rich solution for live mobile video streaming. They would be able to connect millions of their employees from across the globe, at the click of a button on their mobile devices, on both Android and iOS devices.
A global leader in the realm of Employer Brand and Candidate Experience solutions, Symphony Talent, announced its acquisition of enterprise recruitment marketing and CRM technology company, SmashFly Technologies. As a result of this acquisition, talent acquisition teams will get access to one of the most strategic and comprehensive suite of HR solutions on the market. This will serve as the next step toward providing better employee experience.