A roundup of deals, product announcements and other news from the HCM technology community.
SAP SuccessFactors rolled out a Visa and Permits Management tool aimed at simplifying the way HR and business managers source international talent. The solution helps employers more efficiently work their way through visa and permit management process, which are complex as well as constantly changing, and often put employers at compliance risk by centrally managing, automating and providing insights into visa and permit processes, the company said. Currently, it integrates with the company’s Employee Central solution. The initial release offers predefined localization for Saudi Arabia and the United Arab Emirates. Additional localizations are planned for coming releases. Because of the growing risks of compliance violations employers face, SuccessFactors President Greg Tomb called Visa and Permits Management, “a key differentiator for us.”
ADP introduced Wisely Pay, which provides administrative tools and support for employers to blend full-time, part-time and/or freelance workers to take take advantage of ADP’s in-house digital payments platform, more flexible pay arrangements and compliance solutions. Wisely Pay is the first offering resulting from ADP’s acquisition of Global Cash Card, the company said. It’s responding to increasing pressure from younger workers, who are particularly attracted to digital accounts and paycards, according its research. One report recently found that ” almost half of Gen Z (47 percent) and nearly a third of Millennials (31 percent) would turn down a job if they were unable to choose their method of pay. Additionally, this report revealed that 47 percent of Millennials and 66 percent of Gen Z have used a pre-loaded payment card in the last 12 months,” the company said. The Wisely paycard will be available to U.S. employers in September 2018.
Indeed will expand its presence in Austin, Texas, and create up to the 3,000 jobs in the process. The expansion includes two new office developments totaling over 615,000 square feet. The company said it’s signed a lease to moves it current downtown offices to 10 floors at Block 71, located downtown at 6th and Lavaca Streets, and is developing the full Domain Tower in 721 Domain Drive. Over the last three years, Indeed says, it has quadrupled its global headcount. While Austin is a global technical hub for Indeed, with a high concentration of engineering and product teams, tuture hiring will be across all functions including finance, legal, sales, marketing, corporate development, client success and human resources.
HireRight and General Information Services announced a definitive agreement to merge. The background screening firms said the new entity will leverage HireRight’s advanced client and applicant background screening tools and GIS’s reputation for customer service to provide new solutions and expand both geographic and vertical diversification. The transaction is expected to close during the third quarter of 2018, subject to regulatory approvals.
DHI Group continues to shed periphery businesses as it sold Hcareers, a hospitality industry recruiting platform, to Virgil Holdings. Virgil plans to expand Hcareers’ capabilities “as the next-generation career navigation, development and recruiting platform in the hospitality and restaurant industry.” Funding was led by Genesis Park, a Houston-based private equity firm.
Chicago-based staffing firm Medix released Aha!, a digital platform that automates hiring, workforce management and job searching. “It’s imperative the staffing industry find its foothold with automation,” commented CEO Andrew Limouris, and the company is positioning itself to be a leader in staffing automation. Aha!, he said, is designed to “modernize workforce management and job searching” without sacrificing human-based customer service.
Phenom People in Ambler, Pa., raised $22 million in Series B funding led by AXA Venture Partners, with participation from existing investors Sierra Ventures, Sigma Prime Ventures, and Omidyar Ventures. Phenom People will use the funding for strategic growth initiatives, including accelerating product innovation and global sales expansion. The company said the funding caps “a record year of growth” as it surpassed 120 customers and landed in slot 277 of the Inc. 5000.
Interview platform Vervoe announced a funding round of $3.5 million, led by the global employment marketplace operator, SEEK. The money will be used to develop machine learning technologies that rank candidates based on their performance in online simulations against an employer’s hiring requirements, and also to build Vervoe’s global sales team and developing new features. Vervoe’s based in Australia and targets small to medium-sized businesses without an HR department or recruiter.
Toronto-based Terminal, a staffing and HR-support platform that targets technology companies, announced a Series A funding round of $10 million from a group including Lightspeed Venture Partners, Thiel Capital, Kleiner Perkins, Atomic, Craft Ventures and Yahoo! founder Jerry Yang. Terminal will use the funding to scale operations across its five offices in the U.S. and Canada, and to expand into Latin America.
Unily, a New York City workforce-collaboration solutions provider, landed Lexmark as a new client. Unily will provide cross-platform support, new engagement and knowledge sharing opportunities across the Lexmark organization of 9,000 employees. Delivered on both desktop and mobile devices, Unily’s platform will support Lexmark’s consolidation of Microsoft Office 365 applications and facilitate a more social and “digitally-empowered experience” for Lexmark’s workers. Terms weren’t disclosed.
Arcusys, a Boston provider of digital learning technologies, is changing its corporate name to that if its core product, Valamis. “The interest of customers such as NASA Epic Challenge in our digital learning solution led us to trust that Valamis is our growth path,” said CEO Jussi Hurskainen.
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