Brief History of HR Tech Trends & Technology Acquisitions

Recent History of Human Resources Technologies

The market is ripe for HR technology.  Companies are expected to spend an upwards of $8.1 billion in 2015.  In short, it’s a great time to work, invest, consult, or write about HR Tech.  A couple weeks ago, the news broke that Oracle made yet another purchase in human resources technology.  That’s where I got this idea to research and begin compiling this list.  There has been an awful lot of activity in the human resources technology space, to say the least.  Our industry, specifically recruiting, talent management, and human capital when it comes to technology is a complicated and exciting place to be especially these last 36-48 months.  Doing a little research, I realized there wasn’t a comprehensive list available on the Internet for the recent history of human resources technologies, more specifically HR Tech.  So I thought I should put together a list of human resources technology trends and acquisitions in our space.  The current list goes back until 2004.

Company Acquisitions in Human Capital, HR, & Talent Management

This list isn’t perfect.  It’s a working document that depends on you.  Is there something, meaning an acquisition, merger, VC funding, or IPO that I missed?  Feel free to add to the discussion and leave a comment below.  I’ll verify your information and add it to the living document outlining the history and trends of human resources technologies when it comes to mergers, acquisitions and funding. (This list starts with the most recent year and moves backward broken down month by month.) 

2014

January

  • OpenSesame lands $8 million in Series A funding led by Partech Ventures

February

  • RiseSmart secures $11 million in Series B from Northwest Venture Partners
  • Smarterer raises $1.6 million in funding. Total raised $4.6 million

March

April

May 

June 

July 

  • Jobsandtalent raises $14 million in Series A funding led by  Qualitas Equity Partners, Kibo Ventures, FJME Ventures and business angels Pelayo Cortina Koplowitz and Nicolas Luca de Tena

2013

January 

  • GroupTalent snags $1 million in funding led by Version One Ventures and Founders Co-op, with contribution from Menlo Ventures

February

March

  • PeopleMatter adds $19 million VC funding from Scale Venture Partners making their total fundraising total $47 million

April

June

  • TalentWise snags $25 million from a Seattle based equity group

July 

August 

September

  • HireVue receives $25 million in Series D funding led by Sequoia Capital
  • Jibe secures $4 million in credit from Silicon Valley Bank

October

  • NetSuite acquires TribeHR, creating the first integrated cloud ERP and HCM Suite for Small and Mid-Sized Businesses
  • Dice acquires getTalent for undisclosed amount
  • Greenhouse Software Inc. raises $2.7 million led by Resolute VC
  • gatherDocs obtains $100,000 in early stage funding from Ben Franklin Technology Partners
  • SL8Z raises $50,000 in CIT Gap Funds
  • BountyJobs raises $4.51 million in series D funding led by Greylock Partners

November

  • Greenhouse raises $2.7 million led by the Social Capital Partnership

December

  • Glassdoor.com obtains $50 million in Series C funding led by Tiger Global Management 
  • Pymetrics, a recruiting gamification company obtains $2.5 million in funding from Khosla Ventures and angel funders

2012

January 

February 

  • EmployInsight secures $1 million in funding from Founder Collective, Launch Capital, Sean Glass, Phil Bronner, Jarrod Yuster, David Cohen, Gus Fuldner and other angel investors

March

April

May

  • SilkRoad raises $35 million in series C funding from Keating Capital and NTT Finance, as well as existing investors Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital.
June

August

September 

  • BountyJobs raises $5 million in series C funding led by Greylock Partners
October
  • MyEdu raises $20 million in funding from Bain Capital Ventures and its strategic investor, The University of Texas
  • getTalent raises $2.6 million in funding led by Success Factors
November

December 

  • UpMo closes but no public announcement made

 2011

January

February

March

April

June
  • The Corporate Executive Board Company acquires SHL for $600 million
  • Identified snags $21 million Series B funding led by VantagePoint Capital Partners

July

August
September
October

November

December 

2010

February

March

April

May

August

September

  • InternMatch raises $500,000 in funding from Netflix founder Marc Randolph, Roger Dickey, Angel Fund Social Leverage, 500 Startups and other investors

December

2009

February 

April

  • Workday secures $75 million in Series E funding led by Greylock Partners

May

June

September

December

2008

February

May

June

July

September

October

November

2007

March

July

December

2006

October

December 

2005

March

October

December

2004

May

August

October

December

Was there a human capital or HR technology acquisition, merger, or purchase I missed?  Leave a comment below and we’ll add it to this living list.  Don’t forget to checkout our HR Technology and Product Reviews.  We demo and give you the real skinny on great products in the HR and workplace space.  

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Comments

  1. Nice work Jessica, I am sure a few more entries will be made for 2012!

    jamie corn |
    Reply
  2. Great list Jessica – thanks for sharing it. There are a few others by SilkRoad – Openhire, VTN Technologies and Human Asset Technologies and others by Lumesse (was Stepstone) – Edvantage Group, Mr Ted and Executrack. Sorry I did not do the research on all the dates and amounts!

    Reply
    • Hi Friley,

      Thanks for the comment. Maybe I’m wrong but I’m not too worried about Internet Explorer. WordPress isn’t 100% on everything. The site looks good on Safari, Chrome, and FireFox as I’m able to test them myself being a Mac users. Most of my readers don’t access the site on this and to be honest, it’s kinda lame. Remember those Netscape days?

      JMM

      Reply
  3. You seem to have missed Oracle’s acquisition of PeopleSoft in 2005, but perhaps that was enough bigger than just HCM that you chose to leave it out?

    Reply
  4. IPO for Halogen Software in April, 2013. Saba possible delisting on NASDAQ, April 2013.

    Reply
  5. Also note, Kenexa did not acquire Bernard Hodes Group. That is an incorrect entry. Technomedia purchased Hodes iQ from Bernard Hodes Group in September 2011 (already noted).

    Reply
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  8. Hi Jessica,

    I’ve followed your list and comments for some time now, great info and insight, i feel this one shoudl figure on it as it confirms a trend of HR Service providers expandign into assessment technology .

    Hay Group Announces the Acquisition of Talent Q, Providers of High Quality Online Psychometric Assessments, Training and Consultancy Services Combined Company Sets a New Benchmark for Talent Assessment
    Sydney, 16 April, 2014 – Hay Group, the global management consultancy, today announced that it has acquired leading online psychometric assessments, training and consultancy services provider, Talent Q. The acquisition adds to the already strong assessment services Hay Group offers clients as part of its broader people-related advisory services. It enables the firm to provide objective and actionable insights about applicants and employees at all levels in an organisation.

    Ben

    Reply

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