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Market Alert: Talespin Deal Positions Cornerstone OnDemand for New Class of Competitors

The News Cornerstone OnDemand’s acquisition of the “extended reality,” “spatial learning” software provider, Talespin, marks a notable step toward realizing the company’s goal of offering an immersive, end-to-end learning platform. While the press release is all about offering a more dynamic, personalized and effective user experience, the acquisition will also help Cornerstone deflect the competitive threat of newer learning platforms and maintain its dominance of the corporate learning market. The move builds on last year’s introduction of Cornerstone’s Opportunity Marketplace and Content Studio. More specifically, Talespin, with its focus on workforce skills development, will strengthen CSOD’s content subscriptions, curation, creation and insights technology. At the same time, it moves Cornerstone’s product into the sphere of true immersive learning. CEO Himanshu Palsule described the move as […]

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Market Alert: Why Paylocity Is Expanding Its Solution to Focus on Retaining Top Talent

What Happened Recently, Paylocity, a leading cloud human capital management (HCM) and payroll software company expanded its suite of services and solutions with the introduction of two new products. Employee Voice and Recognition & Rewards may be broadly categorized as employee engagement offerings, but each meets a distinct and critical need for organizations aiming to attract and retain top talent and maintain a competitive edge with the modern workforce. Background Employee Voice from Paylocity is designed to gather employee feedback and procure pertinent insights without extra work by an organization’s HR team. Building on the vendor’s existing Surveys tool, Employee Voice automates the survey process to collect employee responses and collate them into functional, digestible dashboards and heatmaps. The proprietary engagement model on which the […]

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Market Alert: Deel Gets Serious About Global Payroll With Acquisition of PaySpace

Background The already intense battle for global payroll supremacy is heating up in 2024 as Deel announced its acquisition of African-based payroll and HR technology and services provider PaySpace for an undisclosed amount. The addition of the African and Middle East specialist is reminiscent of a similar move Deel made in late 2022, adding PayAsia’s APAC specialized HR and payroll technology, services, and expertise to its portfolio and planting the Deel flag in the growth region. The two organizations are no strangers, as PaySpace has supported Deel as its ‘go-to’ service partner for the African continent and leveraged the solution to fuel its own internal HR and payroll needs. The acquisition of PaySpace is part of enabling Deel’s aggressive global growth plans and will fuel […]

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Market Alert: Workday-Insperity ‘Strategic Partnership’ Stands Out in a Sea of SMB HR Solutions

What Happened Workday, which provides enterprise cloud applications for finance and human resources, and Insperity, a professional employer organization (PEO) that develops its own HR and business performance technology and services, announced a strategic partnership and plans to jointly develop, brand, market, and sell a full-service HR solution for small and midsize businesses. The companies believe combining Workday’s technology and Insperity’s service will create a solution that helps emerging companies achieve success and maintain growth. Through the partnership, customers can take advantage of Workday HCM and Insperity’s Workforce Optimization service, which includes dedicated HR specialists, payroll and benefits, risk management, and compliance support. The combination will enable businesses to seamlessly manage their entire employee lifecycle, from ‘hire to retire’ and optimize their talent management, payroll, […]

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Market Alert: Paylocity Expands Its Suite of Services and Solutions

What Happened Last week, Paylocity, a leading cloud human capital management (HCM) and payroll software company, expanded its suite of services and solutions with the introduction of two new products. Employee Voice and Recognition & Rewards may both be broadly categorized as employee engagement offerings, but each meets a distinct and critical need for organizations aiming to attract and retain top talent and maintain a competitive edge with the modern workforce. Background Employee Voice from Paylocity is designed to gather employee feedback and procure pertinent insights from it without extra work on the part of an organization’s HR team. Building on the vendor’s existing Surveys tool, Employee Voice automates the survey process to collect employee responses and collate them into functional, digestible dashboards and heatmaps. […]

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Market Alert: App Studio Empowers Users With the Ability to Create New Functionality Within Unit4

What Happened In mid-Q2 of 2023, Unit4 announced the launch of App Studio. Giving users the ability to develop business apps, enable extensions, and further expand automated processes, App Studio is a feature within Extension Kit, the vendor’s existing low-code tool for users to create automation. Background Unit4 is unique among vendors of enterprise software in that the company looks at and combines software-as-a-service (SaaS) for enterprise resource planning (ERP), financial planning & analysis (FP&A), and human capital management (HCM) as one. In an episode of #HRTechChat, the 3Sixty Insights video podcast, CEO Mike Ettling elaborates, underscoring the vendor’s keen focus on people-centric businesses. Unit4 serves more than 5,100 customers globally across several sectors. This integrated suite of functionality delivers visibility and control over finances, […]

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Market Alert: Cornerstone Content Studio & Opportunity Marketplace: Enhancing Talent Experience with Holistic Learning and Development Solutions

What Happened In April of this year, Cornerstone announced two new offerings that appear poised to enhance the vendor’s dominance. Cornerstone, known for more than 20 years as a provider of corporate learning solutions, became an end-to-end learning suite when it acquired EdCast and that company’s learning experience platform (LXP) in early 2022. 3Sixty Insights reported at the time that the move made Cornerstone the first mature, single-vendor solution of its kind, uniquely positioned to meet the needs of the future of work. Now the company has upped the ante with the introduction of its Content Studio and Opportunity Marketplace products, expanding its  consequence in talent experience and moving ever closer to its goal of presenting the ultimate holistic people experience. Background Each of these […]

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Market Alert: UKG Disrupts competitive landscape in Global HCM with Acquisition of Immedis

What Happened In early June 2023, UKG, provider of full-suite software for human capital management, announced its intent to acquire Immedis, provider of global payroll technology and services. Following the completion of the acquisition will come the availability of UKG OneView, an evolution of Immedis’ groundbreaking new software-as-a-service (SaaS) product for global payroll. Background Bereft of in-house capabilities to support global payroll, many vendors of full-suite software for HCM encounter limits to their aspirations to expand internationally. To combat this, some partner with global payroll point solutions. For a while, this was the case with UKG and Immedis, perhaps the most capable of the notable late-stage startups in global payroll. Immedis’ technology and services support global payroll in more than 20 languages across 160 countries. […]

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Market Alert: Revolutionizing Talent Management: Phenom’s Workforce Intelligence Platform Empowers Retention and Growth Strategies

Phenom is set to introduce a Workforce Intelligence Platform that aims to reshape talent retention and growth strategies for organizations. Recognizing the challenges of declining employee loyalty and limited career advancements, Phenom is expanding its presence in this space. Their goal is to expand its holistic Intelligent Talent Experience platform to include technology where employees can effectively communicate their aspirations and employers have access to the data for improved talent decisions. With a focus on proactive solutions, Phenom is poised to revolutionize talent management by understanding employee aspirations, detecting early warnings, coaching teams, and fostering real-time collaboration. This introduction emphasizes the importance of “intelligence for talent management,” which combines employee, HR business partners (HRBP), and people managers’ experience to enhance employee retention and growth strategies. […]

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Market Alert: retrain.ai Continues to Accrue Private Equity and Earn Industry Accolades for its AI-Driven Talent Intelligence Platform

What Happened At the outset of 2023, retrain.ai has made two announcements: retrain.ai has been named to the top 10 in “GLOBES’ Most Promising Israeli Startups of 2022,” an honor as designated by Israel’s premier venture capital firms. The vendor closed on $14 million in private equity investment from artificial intelligence–focused Radical Ventures, a round bringing retrain.ai’s total funding raised thus far to $34 million. Both developments are significant. They underscore the robustness of retrain.ai’s Talent Intelligence Platform, which became available at scale earlier last year. Background retrain.ai built its Talent Intelligence Platform based on explainable Responsible AI. As such, the vendor provides a white-box solution, meaning retrain.ai knows how its AI reaches specific conclusions and can explain the process in detail. By contrast, many […]

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Market Alert: Isolved’s Launch of People Cloud for Quick-Service Restaurants Aided in Part by Recent In-Network Acquisition

What Happened In mid-November 2022, isolved announced the availability of isolved People Cloud™ for Quick-Service Restaurants (QSRs). This version of People Cloud solves for human capital management (HCM) challenges peculiar to QSRs. Customers of isolved in the QSR space “experience quick time-to-value by retiring multiple systems in favor of an HCM suite that costs less and integrates with brand-issued systems,” the vendor’s related press release states. Context and Background In February 2022, isolved launched People Cloud for Healthcare Services, the first in a planned ongoing series of industry vertical–adapted versions of the vendor’s HCM suite (3Sixty Insights 3SIMA2231 – “isolved Launches a Version of its People Cloud Suite Tailored for the Medical and Health Industries,” March 2022). Later came a version for employers in manufacturing. […]

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Market Alert: Betterworks Integrates With LinkedIn Learning to Create More Transparency and Accountability for Employee Development

What Happened Betterworks, a provider of enterprise software for continuous performance management, recently announced an integration with LinkedIn Learning, the world’s largest online learning platform. This integration strengthens the growing connection between performance management and employee development. Using goals, regular check-ins, and feedback loops, managers and employees are able to more effectively collaborate on learning trajectories for each individual contributor. Background The workplace is constantly changing and evolving, and to keep up with these changes, it is important for employees to be lifelong learners. The reason learning has become increasingly important is because the world is constantly changing, and to keep up with the competition, employees need to be able to adapt and learn new skills quickly. Many companies are turning to learning management or […]

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Market Alert: Silkroad Technology Shows Savvy in Expanding Its Approach to the Blending Talent Lifecycle With the Help of Entelo

What Happened SilkRoad Technology has added Entelo’s functionality in candidate search and recruitment marketing to an existing suite known for highly capable onboarding and the rest of talent management. Made possible with the backing of HighBar partners, the move also brings the considerable expertise of members of Entelo’s executive team, Chief Executive Officer Robert Tsao and Chief Technology Officer Ron Teeter, to assume these roles at SilkRoad Technology. Background The two pioneering vendors in software-as-a-service (SaaS) for talent management and talent acquisition are marshaling their strengths. Founded in 2011, Entelo became known early on for Sonar, an at-the-time modern algorithmic tool helping recruiters predict the likelihood of flight risk for competitors’ top talent that they themselves wished to woo as new hires. The vendor’s portfolio […]

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Market Alert: Immedis Gets Closer to Touchless Global Payroll With New Functionality and a Deepened Mobile Experience

What Happened Recent updates to global payroll outsourcer Immedis’ technology promise to simplify the user experience and further secure data for its customers and their employees. Employee self-service (ESS) in the mobile application, launched in Q1 2022, has been deepened. Additionally, the vendor has revised its process for gross-to-net (GTN) uploading, to support auto-validation, and streamlined the direct processing of payments. Background Immedis continues to strengthen its solution. 3Sixty Insights published an analysis in January 2022 of the vendor’s then-new analytics-related functionality and upgrades to the mobile ESS to match that of Immedis’ desktop application (3Sixty Insights 3SIMA2212 – “Immedis Delivers More Power to Users in Q1 2022 with New Functionality in Analytics and Mobile Self-Service,” January 2022). Some of the work then and now […]

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Market Alert: Neeyamo Announces Evolution Into Becoming a Global Employer of Record

What Happened With principal offices in California, U.S.A., the India-headquartered global human resource outsourcer (HRO) Neeyamo has announced that it will now be a global employer of record (EOR). Drawing on its leadership in significant niches of global HRO, including long-tail global HR and payroll, Neeyamo brings much expertise and experience to bear in taking on global EOR. Background Given the vendor’s origins and where it has been, this evolution in Neeyamo’s offering is intuitive. Take long-tail global HR and payroll, for example. A significant area of its expertise, which Neeyamo essentially pioneered, it refers to the activity an organization must undertake to support the employment of people in geographically distant locations where relatively few staff work for the employer. Consider the following hypothetical: A […]

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3Sixty Insights Monthly Recap | April 2022

Recent Research: Analyst Insight: Legion Leverages Future-Of-Work Technology to Empower Hourly Workforces With this Analyst Insight, 3Sixty Insights explores how Legion, a provider of advanced technologies for workforce management, applies artificial intelligence and machine learning to demand forecasting and labor scheduling to help companies support the employee experience of an hourly wage workforce. In this way, you no longer need “to choose between productivity and efficiency when you have AI and machine learning,” says Legion CEO Sanish Mondkar. Learn how AI and machine learning can transform WFM into the bridge between finance and operations. Analyst Insight: Ceridian Dayforce Matures Into Global Provider of Disruptive Innovation in Its Core Competencies and the Future of Work This Analyst Insight looks into Ceridian’s overall strategy and success. Success […]

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HR Tech Alliances Town Hall | Cornerstone’s Acquisition of EdCast with Brent Skinner of 3Sixty Insights

Brent Skinner, our co-founder and HCM practice lead, was recently the featured guest on HR Tech Alliances’ Weekly Town Hall. During his appearance, he shared his thoughts on the following: This month’s acquisition of EdCast by Cornerstone brings many benefits to both vendors. The most significant benefit, however, is the one this acquisition, once complete, brings to the market itself: the industry’s first mature end-to-end future-of-work learning suite from a single vendor. Once again, we see that Cornerstone is a bona fide agile 800lbs gorilla in corporate learning, equipped with all the fixings that modern on-the-job learning and career development necessitate: AI, machine learning LXP, LMS, content, etc. Other solution providers in learning, even those who play just around its edges, must now figure out […]

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Market Alert: Cornerstone’s Acquisition of EdCast Creates First Mature End-To-End Future-Of-Work Learning Suite From a Single Vendor

What Happened In mid-March 2022, corporate learning solutions vendor Cornerstone announced that it has entered into a definitive agreement to acquire EdCast, provider of a learning experience platform. Once the acquisition is complete, as a result, the industry’s first mature end-to-end learning suite will be available from a single vendor. Background Following a long stint as a publicly traded company, Cornerstone returned to private ownership in late 2021, this time under the auspices of the private equity firm Clearlake Capital Group L.P. With this development for Cornerstone comes the flexibility and agility to compete in a crowded market for corporate learning technology and products. The acquisition of EdCast is evidence.   Download the full 3Sixty Insights Market Alert:

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Market Alert: Visier Launches People Cloud to Deliver Actionable Workforce Insights to Frontline Managers

What Happened In early March 2022, Visier announced the launch of People Cloud. Powered by the vendor’s cloud-based, artificial intelligence–underpinned people analytics platform, Visier People Cloud is a hub that aggregates and combines people-related, work, and operational data from across an organization. Processing and analyzing this continuously updating dataset, Visier People Cloud pushes the results, as actionable insights, directly to managers and executives. Context Combined data from the far-flung, multiple corners of the enterprise presents much potential value to decision-makers. Unleash AI on it, and you have a recipe to mine deep insights into internal (and external) trends, helping leaders guide their companies in the right directions. From the perspective of HCM, analytics of these origins and of this caliber become far more dynamic, of […]

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Market Alert: isolved Launches a Version of Its People Cloud Suite Tailored for the Medical and Health Industries

What Happened In late February 2022, isolved announced the availability of a healthcare services–tailored version of the isolved People Cloud™, a cloud-based end-to-end software suite for human capital management. isolved People Cloud for Healthcare Services addresses “critical areas like talent acquisition, human resources and payroll, workforce management and talent management,” the company’s press announcement noted. Context When it comes to HCM, the medical and health industries present especially demanding difficulties to overcome across a broad cross-section of the management of the employment of people: Finding and attracting well-matched, qualified talent — e.g., nurses in high demand, the correct specialists, and others Onboarding at times large, diverse populations of contractors, W2 employees, medical interns and other contributors and managing the related complex combination of accounts payable […]