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Market Alert: With Acquisition of TrenData HR, isolved Equips Users of People Cloud to Navigate Both the Near and Distant Future of Work

What Happened In mid-July 2021, isolved announced the acquisition of predictive people analytics platform TrenData HR. Applying predictive artificial intelligence (AI) models to produce visual insights pertaining to an organization’s workforce, the TrenData platform draws on external data sources and aggregates them with information from internal systems. The addition of TrenData to isolved People Cloud brings enterprise-grade analytics to the small- and medium-sized businesses (SMBs) that comprise a majority of isolved’s customers. Background Predictive people analytics have grown in sophistication for several years now. Meanwhile, their availability to SMBs in a practical, fully integrated sense has been slow to develop. It’s not that these capabilities have been outright unavailable. It’s just that the number of non-enterprise-grade full-suite HCM solutions that have included high-caliber, highly usable […]

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Market Alert: Paycor’s Proposed IPO Shows Small Businesses Need Both Concrete and Abstract HCM

What Happened Paycor, provider of an end-to-end suite of software-as-a-service human capital management solutions, has filed an initial public offering, the vendor announced on April 26. Paycor seeks to raise $100 million for this IPO, according to related filings with the Securities and Exchange Commission. Background A considerable percentage of Paycor’s client base comprises organizations employing 50 or fewer in staff. In recent years, however, net-new customers have been employers of 100 or more people. Competition in this space is significant. Though the approximate 1:1 comparisons to Paycor, founded in 1990, are a handful of mostly less seasoned providers all vying for the business of these small companies just beginning to grow into becoming fuller operations with grown-up needs in HCM, other, larger vendors have […]

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Market Alert: Jobvite, JazzHR, NXTThing RPO Join to Form Talent Acquisition Trifecta in Private Equity-Funded Maneuver

What Happened With private equity backing from K1 Investment Management to fund the maneuver, Jobvite, JazzHR and NXTThing RPO have joined to form a new, combined organization. The Details The three vendors made their shared announcement in a press release dated April 26. Each brand will continue to operate independently, according to the announcement, as they combine efforts—Jobvite’s in end-to-end talent acquisition technology for the enterprise, JazzHR’s in its recruiting technology for small- and medium-size businesses, and NXTThing’s as a recruitment process outsourcer. JazzHR CEO Pete Lamson assumes this role now for the entire new organization as Aman Brar transitions from his corresponding role at Jobvite to join the new entity’s Board of Directors to provide strategic direction. Download the full 3Sixty Insights Market Alert: […]

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