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HR Tech News – HRTechInfoCenter https://hrtechinfocenter.com Latest HR Tech Industry Updates Wed, 19 Aug 2020 13:00:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.7 Hiretual’s $13M Series B Provides Boost To AI-Powered Recruiter Tool https://hrtechinfocenter.com/hr-tech-news/hiretuals-13m-series-b-provides-boost-to-ai-powered-recruiter-tool/ https://hrtechinfocenter.com/hr-tech-news/hiretuals-13m-series-b-provides-boost-to-ai-powered-recruiter-tool/#respond Wed, 19 Aug 2020 13:00:33 +0000 http://hrtechinfocenter.com/?p=1810

Recruiting software developer Hiretual will advance its artificial intelligence technology following the raise of a $13 million Series B financing round, led by Oceanpine Capital. Including the new investment, Mountain View, California-based Hiretual has raised a total of $23 million since its inception in 2015, CEO Steven Jiang told Crunchbase News. That amount includes a few Series A tranches beginning […]

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Recruiting software developer Hiretual will advance its artificial intelligence technology following the raise of a $13 million Series B financing round, led by Oceanpine Capital.

Including the new investment, Mountain View, California-based Hiretual has raised a total of $23 million since its inception in 2015, CEO Steven Jiang told Crunchbase News. That amount includes a few Series A tranches beginning in 2018 of more than $5 million.

He said the company plans to use the new funding in two ways: on technology and product research and development, and customer success.

“Hiretual is a technology- and product-driven company that also needs to be all-in with our customers’ success, as they are the center of our business,” Jiang said. “We are also humble enough to realize that compared to the most successful SaaS companies, we still have a long way to go.”

Using AI technology, the company turns the internet into a recruiting tool by mining the web for natural language that is converted to data for use by recruiters to find their best talent. This enables businesses to cut down their sourcing time by as much as 80 percent, as well as shortening the hiring cycle and decreasing talent acquisition costs.

The company touts the world’s largest Talent Knowledge Graph. It powers a talent data system that augments a recruiter’s duties, freeing them from manual work, such as data migration and collection from multiple recruiting platforms, Jiang said. It also integrates with a company’s in-house recruiting software.

“The Talent Knowledge Graph didn’t exist before, and is a game-changer for our industry,” Jiang said. “It is a powerful middle layer in the central workflow of talent acquisition connecting the external intellect with the internal in-house recruiting center, where before, those two were disconnected.”

More than 100,000 recruiters at more than 700 businesses are using Hiretual, he said. The company experienced a 300 percent year-over-year growth for the past two years. Jiang said the company expects to continue growing this year, but not as fast as before due to the global pandemic’s impact on recruiting and hiring. The company has 85 employees, which doubled from last year, and Jiang plans to be at 100 employees by the end of the year.

Dave Chenn, founding partner at Oceanpine Capital, said in a written statement that Hiretual was attractive due in part to its Talent Knowledge Graph.

“Hiretual is already a leader in the space of AI-driven talent sourcing and they have enhanced their technology tremendously over the past year to build an enterprise-grade system that hiring teams can depend on during economic highs and lows,” he said. “With their Talent Knowledge Graph, they are changing the game to emerge as the top talent data platform for large enterprises and smaller businesses to drive organizational growth.”

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Indeed Agrees To Acquire ZapInfo https://hrtechinfocenter.com/hr-tech-news/indeed-agrees-to-acquire-zapinfo/ https://hrtechinfocenter.com/hr-tech-news/indeed-agrees-to-acquire-zapinfo/#respond Tue, 11 Aug 2020 10:44:32 +0000 http://hrtechinfocenter.com/?p=1805

We’re excited to announce that Indeed, the world’s #1 job site, has signed an agreement to acquire the assets of ZapInfo. Indeed’s deep understanding of employers’ recruiting technology needs combined with its existing relationships with key partners will allow us to further expand and grow our capabilities.  We believe joining Indeed allows ZapInfo to continue […]

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We’re excited to announce that Indeed, the world’s #1 job site, has signed an agreement to acquire the assets of ZapInfo.

Indeed’s deep understanding of employers’ recruiting technology needs combined with its existing relationships with key partners will allow us to further expand and grow our capabilities.
 

We believe joining Indeed allows ZapInfo to continue to provide value to clients, allowing them to take advantage of many of Indeed’s products, such as Indeed Resume, along with the ability to Zap Indeed applicants quickly into most integrated ATS and CRM’s.
 

While in the past ZapInfo was primarily a paid subscription service that enabled Zapping contacts and candidates from several online sources, after the acquisition the Zapinfo technology is intended to be a free resource that can be used by nearly all top ATS/CRM users to automate the recruiting process between their ATS/CRM and Indeed’s product suite.
 

We’re proud of how ZapInfo has become used by thousands of recruiters to save them hours of time, automating the searching, finding, extracting, engagement and delivery of candidates into their platforms so they can accelerate the recruiting process. We’re very excited to align these benefits with Indeed’s powerful solutions to drive better results as the economy recovers and the world returns to work.
 

Thank you to all of our clients. We look forward to the innovations that we believe the world’s #1 job site will bring to the recruitment automation tools created by ZapInfo.  

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Exclusive: Recruiting Startup Apploi Buys Healthgig https://hrtechinfocenter.com/hr-tech-news/exclusive-recruiting-startup-apploi-buys-healthgig/ https://hrtechinfocenter.com/hr-tech-news/exclusive-recruiting-startup-apploi-buys-healthgig/#respond Tue, 04 Aug 2020 10:33:36 +0000 http://hrtechinfocenter.com/?p=1802

Recruitment platform Apploi has acquired credential management startup Healthgig, the company exclusively told Crunchbase News. Apploi’s platform helps organizations find and recruit talent, communicate with potential new employees, and work through offers and the final steps of hiring. The company has been getting deeper into the health care space over the last year, including adding former Everyday Health CEO […]

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Recruitment platform Apploi has acquired credential management startup Healthgig, the company exclusively told Crunchbase News.

Apploi’s platform helps organizations find and recruit talent, communicate with potential new employees, and work through offers and the final steps of hiring. The company has been getting deeper into the health care space over the last year, including adding former Everyday Health CEO Ben Wolin to its board of directors.

More than 3,000 health facilities across the United States were using Apploi for recruiting and hiring. When the COVID-19 pandemic broke out in the U.S., health facilities were trying to rapidly hire and onboard health care professionals. But credentialing–making sure licenses, medical information, etc., are current–in particular was a pain point that needed standardization and efficiency.

“We have a lot of companies using us for recruiting and onboarding, so the next kind of step in the puzzle is adding credentialing,” Apploi CEO Adam Lewis said in an interview with Crunchbase News.

Efficient, accurate and timely credentialing is important in an industry as regulated as health care, and failure to keep tabs on things like license expirations can lead to large fines. Apploi began looking into the health care credentialing space and came across Healthgig.

“With  the pandemic, our customers were rapidly hiring. …We just kept seeing that this was a major issue,” Lewis said. “There were people wanting to work, and obviously jobs had huge demand, but the tracking of the process was not great.” 

The company declined to disclose the acquisition price. Healthgig CEO Pritma Chattha will be joining the Apploi team as vice president of health care innovation, Lewis said, and Apploi will be assigning about five of its own team members to work on the Healthgig product and integrate it into Apploi.

Healthgig marks Apploi’s first acquisition, and Lewis said the company is open to buying other startups that could help it innovate health care. The goal for Apploi is to be the “dominant tech solution” for recruiting health employees, he said.

Apploi, which is based in New York and was founded in 2014, is backed by investors including Andrew Heyer and Defy Partners, per Crunchbase. It last raised money with its $5.2 million Series B in January.

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SAP, OWNER OF FIELDGLASS VMS, LAUNCHES EXTERNAL MARKETPLACE https://hrtechinfocenter.com/hr-tech-news/sap-owner-of-fieldglass-vms-launches-external-marketplace/ https://hrtechinfocenter.com/hr-tech-news/sap-owner-of-fieldglass-vms-launches-external-marketplace/#respond Fri, 17 Jul 2020 10:57:33 +0000 http://hrtechinfocenter.com/?p=1798

Software maker SAP SE (NYSE: SAP), which owns the Fieldglass vendor management system, today announced the launch of SAP Fieldglass External Talent Marketplace, a solution to help organizations quickly find and hire temporary workers. The new solution is available in the US at no charge through the end of the year. SAP Fieldglass External Talent […]

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Software maker SAP SE (NYSE: SAP), which owns the Fieldglass vendor management system, today announced the launch of SAP Fieldglass External Talent Marketplace, a solution to help organizations quickly find and hire temporary workers. The new solution is available in the US at no charge through the end of the year.

SAP Fieldglass External Talent Marketplace provides a single, central place where businesses looking for temporary workers and staffing firms with vetted candidates can connect to more quickly fill open jobs, according to SAP. The marketplace enables hiring organizations to tap into a large pool of temporary labor, while staffing firms can find more opportunities to put people to work.

SAP is tapping into existing partnerships with managed service providers with staffing firms that are already part of SAP Fieldglass External Talent Marketplace, including Adecco; Experis, a ManpowerGroup brand; Guidant Global and its staffing affiliates S.com, Corestaff and SRG; KellyOCG; and Randstad US.

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LinkedIn Twitter Facebook Share The Mom Project raises $25M for its job site aimed at women returning to work https://hrtechinfocenter.com/hr-tech-news/linkedin-twitter-facebook-share-the-mom-project-raises-25m-for-its-job-site-aimed-at-women-returning-to-work/ https://hrtechinfocenter.com/hr-tech-news/linkedin-twitter-facebook-share-the-mom-project-raises-25m-for-its-job-site-aimed-at-women-returning-to-work/#respond Thu, 09 Jul 2020 11:52:02 +0000 http://hrtechinfocenter.com/?p=1789

Women have long had the short end of the stick when it comes to employment, regularly finding themselves struggling to break through the glass ceiling for promotions and on average getting paid less than their male counterparts. That situation often gets compounded when the woman in question is a parent, balancing the needs of professional […]

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Women have long had the short end of the stick when it comes to employment, regularly finding themselves struggling to break through the glass ceiling for promotions and on average getting paid less than their male counterparts. That situation often gets compounded when the woman in question is a parent, balancing the needs of professional and home life and more.

But we’re seeing a gradual shift among companies to “do better” on inclusion, and that’s opening the door to new opportunities. To underscore that, The Mom Project — a Chicago startup that focuses on connecting women, including parents, with jobs from organizations specifically open to employing people who meet that profile — is announcing a $25 million round of funding to expand its business.

The funding comes on the heels of some significant traction for The Mom Project . Since we first profiled the company in December 2018 (when it had raised a round of $8 million led by Initialized Capital) it has grown to 275,000 users (up from 75,000), and doubled the number of organizations posting jobs on the platform to 2,000, including several major tech companies and other brands like Facebook, Nike, Uber, Apple, Google and Twitter. The company has also made an acquisition of a startup called Werk to add analytics tools to for its business customers.

The Series B round of funding brings the total raised by the startup to $36 million. It is being led by 7CG — a VC that has backed the likes of Jio (the Indian juggernaut raising like crazy right now), Cheddar (the media platform acquired by Altice) and fintech Acorns — with participation also from Citi Ventures, Synchrony Financial, SVB and High Alpha, as well as previous investors Initialized Capital, Grotech Ventures, OCA, Aspect Ventures, Wintrust Financial, Irish Angels and Engage VC.

The Mom Project is built around a two-sided platform and both of those sides will be getting a boost with this funding.

On one side, the startup works with businesses to post job listings that specifically target women and those returning to work who might need more flexible terms in their employment engagements, as well as analyse its overall HR strategies around those efforts.

On the other side, it provides a platform to women who fit that basic profile — the average age of its users is between 28 and 44, its CEO and founder Allison Robinson (pictured above with her child) said — providing them both with job listings and other support.

The plan will be to enhance both aspects of the business: more tools for enterprises to better engage The Mom Project’s community, as well as manage the recruitment and employment of people better; and more tools for Mom users, including building out an interactive community (and forums) to better “address the pain points of family and career,” Robinson said.

While there are a lot of job boards online — indeed recruitment dot-coms were some of the first successful businesses in the earliest days of the World Wide Web, meaning there are giant legacy players out there — The Mom Project is a strong example of how that model has been evolving.

Specifically, we’re seeing a flourishing of startups, and sites, focused on identifying and cultivating job opportunities for specific segments of the market, be it specific types of jobs like engineers (such as Triplebyte), or a specific demographic (like The Mom Project, or RippleMatch or Handshake), or both (as is the case of another hopeful disrupting the job market, Andela) — in ways that more general job boards like those on LinkedIn or Indeed either don’t highlight as well or simply cannot address.

These are not only connecting with specific talent groups, but speaking to the needs of businesses that are trying to make more of an effort to boost their workforce diversity as part of larger inclusion policies: they are also struggling, in their case. to find effective ways to target specific kinds of candidates.

As we noted when we previously profiled The Mom Project, it was started when Robinson herself struggled to return to work after having a child — her previous career had her working as an executive at Pampers — and it’s a problem that she is far from alone in having identified (and I can confirm that emphatically). The company’s focus not only on addressing that but executing on it well are essentially the two reasons The Mom Project has grown.

Needless to say, recent events have had a huge impact on how all those general employment trends, and the recruitment industry, have been going.

We’ve seen unprecedented job losses, hiring freezes, a push for remote working all suddenly become the norm. All of that has had a mixed impact on The Mom Project.

In some ways, it plays into what the startup has been building all along. Currently some two-thirds of all jobs posted and that people are looking for on The Mom Project are focused on fixed-term work, rather than permanent positions, and so as companies slow down their normal recruiting, it leaves a space for the kind of work that people who need more flexible schedules may be able to do. That’s at the same time that the companies themselves may be reducing headcount overall for all kinds of work, however.

Another big theme has been a redoubled effort to improve inclusiveness when it comes to racial diversity. That too has direct relevance to the female workforce, Robinson noted.

“Sixty percent of the job losses in the pandemic have been women, and the statistics have been even worse for women of color,” she said. “It’s like a canary in the coal mine.”

While The Mom Project doesn’t have any tools today to surface candidates that meet more diverse profiles on that front, Robinson said that they are considering it and how to approach that in a way that works.

Meanwhile, The Mom Project is also trying to do more to speak to the other side of its marketplace and the struggles they are having.

It’s launched a $500,000 fund, distributing grants specifically to small businesses that are its customers (that is, hiring via The Mom Project) the are finding it especially tough right now. (And indeed, many have pointed to the especially hard hit SMBs are taking at the moment.)

All of this is to say that there remains a huge market opportunity here and there is an argument to be made that companies good at identifying clever ways of targeting a gap, and executing on that well, are strong candidates for identifying and filling other gaps in the future — one reason why investors are knocking.

“There is a material disconnect between senior female talent and executive roles at major corporations, not for lack of interest, however the difficulty to institutionalize in large enterprise. The Mom Project’s platform enables corporates to source, onboard and manage variable labor at the highest skill level, a function historically that has been offline and manual for FTEs and even more so difficult for flexible employees,” said Jack Leeney, founding partner at 7GC, in an emailed interview.

“In our diligence, the value add to senior HR managers of an analytic platform that enables the oversight of a variable work force was the single most important factor to integrating The Mom Project initially and at scale. There is no other growth company, digital-first HR company or large-scale talent agency that is addressing the female exec population with an enterprise grade digital solution.”

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VNDLY receives investment from identity security partner Okta https://hrtechinfocenter.com/hr-tech-news/vndly-receives-investment-from-identity-security-partner-okta/ https://hrtechinfocenter.com/hr-tech-news/vndly-receives-investment-from-identity-security-partner-okta/#respond Wed, 01 Jul 2020 11:51:34 +0000 http://hrtechinfocenter.com/?p=1785

VNDLY, a workforce management technology solution and VMS provider, announced it had entered into partnership with Okta, a provider of single sign-on and provisioning technology. The company also announced that it received investment from Okta Ventures, Okta’s $50 million investment fund. Okta is a publicly traded company with 2019 annual revenue of $586 million. While […]

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VNDLY, a workforce management technology solution and VMS provider, announced it had entered into partnership with Okta, a provider of single sign-on and provisioning technology. The company also announced that it received investment from Okta Ventures, Okta’s $50 million investment fund.

Okta is a publicly traded company with 2019 annual revenue of $586 million. While the terms of the transaction or the amount of the investment were not disclosed, Okta Ventures’ website indicates the organization targets investments from $200,000 to $1 million. The site also notes that it does not assume seats on the boards of the companies it invests in.

VNDLY, for its part, has received $57.5 million in private equity since its founding in 2017. VNDLY raised $8.5 million in a series B round earlier this year. ServiceNow joined VNDLY’s December 2019 series B investment round of $35 million. VNDLY says that it “serves as the ERP system of record for multiple Fortune 500 companies to manage their entire contingent and non-employee workforce on a single platform.”

Under the partnership, the press release states, Okta will provide single sign-on and provisioning services for all of VNDLY’s clients using Okta’s technology.

“VNDLY is currently live on the Okta Identity Network with a pre-built and pre-configured API integration, so mutual customers can reap the benefits of the ready-to-use integration. About 25% of VNDLY customers in active implementation are using Okta for identity management and provisioning.”

Okta asserts that over 8,400 organizations, including Engie, JetBlue, Nordstrom, Takeda Pharmaceutical, Teach for America, T-Mobile and Twilio, trust Okta to help protect the identities of their workforces and customers. The announcement did not say how the partnership might benefit VNDLY in terms of new customer acquisition.

Monty Gray, Okta’s senior vice president of corporate development, was quoted as saying “VNDLY’s vendor management technology platform provides our joint customers with a solution to easily manage access to critical tools for both employees and contractors, increasing efficiency and security.”

According to the announcement, the partnership now provides “the non-employee labor market a singular, innovative option for secure sourcing, engaging and managing external workforces.”

VNDLY CEO and co-Founder Shashank Saxena was quoted as stating: “Our clients have been looking for ways to extend provisioning into their external workforces, and this partnership increases our ability to provide a modern technology stack that supports each company’s digital transformation.” He added, “we want to continue to partner, integrate and innovate with technology partners that are leading and driving this transformation in the modern enterprise. We want to do the hard work and build native API integration at the platform level behind the scenes so each of our clients’ IT departments don’t have to do the heavy lifting of integrating these solutions.”

Spend Matters’ Research Director of Labor and Services Solutions, Andrew Karpie, commented: “As organizations’ workforces will become increasingly agile, remote and mobile, the importance of identity management and sign-on security is non-negotiable. And this partnership also suggests the leaning of VNDLY to not just be an enterprise application, but to be an enabler of enterprises’ digital transformation and a connection into a broader, low-friction digital services ecosystem.”Source

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Trade Hounds Raises $3.2M To Become The ‘LinkedIn Of The Construction Industry’ https://hrtechinfocenter.com/hr-tech-news/trade-hounds-raises-3-2m-to-become-the-linkedin-of-the-construction-industry/ https://hrtechinfocenter.com/hr-tech-news/trade-hounds-raises-3-2m-to-become-the-linkedin-of-the-construction-industry/#respond Mon, 22 Jun 2020 10:46:23 +0000 http://hrtechinfocenter.com/?p=1776

Trade Hounds, which aims to be the LinkedIn of the construction industry, announced today the close of its $3.2 million seed funding round. Corigin Ventures and Brick & Mortar Ventures co-led the financing, which also included participation from industry giant Suffolk Construction and CCS Construction Staffing. The financing brings Boston-based Trade Hounds’ total venture funding raised to date to about $4.9 […]

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Trade Hounds, which aims to be the LinkedIn of the construction industry, announced today the close of its $3.2 million seed funding round.

Corigin Ventures and Brick & Mortar Ventures co-led the financing, which also included participation from industry giant Suffolk Construction and CCS Construction Staffing. The financing brings Boston-based Trade Hounds’ total venture funding raised to date to about $4.9 million, the company said.

In conjunction with the investment, Trade Hounds announced plans to launch a jobs platform this summer that connects qualified tradespeople with construction companies and staffing firms.

Australian native David Broomhead came up with the idea for Trade Hounds in 2014 after working with his uncle, who operated a construction company. He noticed that his uncle was sourcing jobs mainly through his personal network. Broomhead also realized that most construction or trade workers don’t use traditional job sites such as Indeed or LinkedIn, and would benefit from a community of their own.

“It’s always bothered me that tradespeople–the skilled workers who build our hospitals, schools and infrastructure–don’t have access to a technology platform that meets their professional needs,” he said. “It was like a lightning bolt. I asked myself, ‘Why hasn’t anyone done this?’ ”

Broomhead moved to Boston in 2014 and two years later co-founded Trade Hounds to give “hard-hat-wearing workers” a place to communicate with others in their industries and showcase their skills. They can also seek advice and build their networks.

Co-founder and CFO Peter Maglathlin said the goal has been to build a platform that the tradespeople of America “want to use in a habitual way, capturing their hearts and minds.”

“Legacy platforms have failed this demographic,” he told Crunchbase News.

Trade Hounds launched a mobile app in 2019, and today its platform has more than 150,000 registered users.

“Our users can interact with each other through their preferred mode of communication: imagery and video,” Broomhead said. “Electricians, plumbers, carpenters–workers across the skilled trades–prefer to ‘show’ their work through photos versus ‘tell’ about in writing. This is why existing professional platforms simply don’t work for this demographic.”

Now, Trade Hounds is ready to take the next logical step by giving those workers a place to also find jobs. The company claims the new jobs platform will simplify and shorten the search and hiring process for companies and staffing agencies while giving workers a way to get noticed.

Trade Hounds plans to use its new capital to continue to expand its user base, roll out the jobs platform and (naturally) boost its headcount from its current team of nine.

Ryan Freedman, general partner of Corigin Ventures, noted that historically, most sites have focused on jobs in the construction industry, “rather than the people.”

To Brick & Mortar Ventures’ managing director Darren Bechtel (whose family runs construction giant Bechtel Corp.), “construction is an opaque industry based on tribal knowledge with a language of its own.”

“Men and women working across the various construction trades now have a digital home on Trade Hounds–a place where they are understood and recognized by their peers in the trades,” he said.

The platform is free to workers. The company plans to make money via its new jobs platform by charging companies for access.

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gener8tor announces launch of Midwest Covid-19 Innovation Showcase https://hrtechinfocenter.com/hr-tech-news/gener8tor-announces-launch-of-midwest-covid-19-innovation-showcase/ https://hrtechinfocenter.com/hr-tech-news/gener8tor-announces-launch-of-midwest-covid-19-innovation-showcase/#respond Thu, 04 Jun 2020 11:48:18 +0000 http://hrtechinfocenter.com/?p=1771

Local startup accelerator gener8tor announced plans to launch the Midwest Covid-19 Innovation Showcase, an event managed by its Minneapolis-based gBETA Medtech program. The showcase will be an opportunity for innovators from across the region to improve their stories, highlight their Covid-19 innovations, and connect with key stakeholders in the healthcare sector. “In the past months, we […]

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Local startup accelerator gener8tor announced plans to launch the Midwest Covid-19 Innovation Showcase, an event managed by its Minneapolis-based gBETA Medtech program.

The showcase will be an opportunity for innovators from across the region to improve their stories, highlight their Covid-19 innovations, and connect with key stakeholders in the healthcare sector.

“In the past months, we have come across various researchers, startups, established businesses and nonprofit organizations that are working on Covid-19 solutions that range from ventilators to telemedicine,” gBETA Medtech Director Jackie Mejia said in a release.

Entrepreneurs that apply and are accepted will receive coaching to refine their pitch and help determine what they need to succeed and pitch their idea virtually in front of a large audience. They will also get advice from professionals in the field about advancing the product and bringing it to market.

Those interested in participating must apply by June 14. All entrepreneurs from the Midwest are encouraged to join. The showcase will take place on July 16. RSVP here.

gener8tor is partnering with a handful of medical powerhouses for the showcase. This includes University Enterprise Laboratories, Boston Scientific, Purdue University, Mayo Clinic, University of Minnesota, Medical Alley Association, University of Missouri and the Biomedical Advanced Research and Development Authority.

“These innovators are working day and night to get their technologies to market, and we want to make sure we highlight their work and put them in touch with experienced individuals that can help accelerate the process,” Mejia said.

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FIVERR LAUNCHES $100 MILLION SECONDARY OFFERING https://hrtechinfocenter.com/hr-tech-news/fiverr-launches-100-million-secondary-offering/ https://hrtechinfocenter.com/hr-tech-news/fiverr-launches-100-million-secondary-offering/#respond Mon, 01 Jun 2020 03:51:51 +0000 http://hrtechinfocenter.com/?p=1766

Fiverr International Ltd. (NYSE: FVRR) announced a public offering of $100 million in ordinary shares. The human cloud platform is based in Tel Aviv, Israel and began trading on the New York Stock Exchange last June. It plans to use the proceeds for working capital and funding growth. The offering is pursuant to a registration statement on a Form […]

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Fiverr International Ltd. (NYSE: FVRR) announced a public offering of $100 million in ordinary shares. The human cloud platform is based in Tel Aviv, Israel and began trading on the New York Stock Exchange last June. It plans to use the proceeds for working capital and funding growth.

The offering is pursuant to a registration statement on a Form F-1 filed Tuesday with the US Securities and Exchange Commission.

Fiverr also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the ordinary shares sold in the offering at the public offering price, less underwriting commissions.

Fiverr this month reported first-quarter revenue rose 43.7%, with accelerated growth in April. The company also revised second-quarter guidance upward and is expecting growth of between 37% and 41%. 

The global Covid-19 crisis has not had a material negative impact on its business so far, the company stated in its filing yesterday. It will continue to assess the situation, including abiding by any government-imposed restrictions, market by market.

“Our business experienced increased volatility in March as the impact of Covid-19 intensified globally, but we were able to quickly rebound and resume growth within a few weeks,” the filing said. “Since then, our business has continued to gain momentum across all cohorts, all verticals and in the United States and other countries. We believe the global shelter-in-place restrictions have triggered businesses to invest more into their online presence and individuals to spend more time online, both of which provided tailwinds for us.”

Fiverr shares were down 10.18% to $56.01 at 1:14 p.m. Eastern time; the company had a market cap of $1.99 billion, according to FT.com.

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Phenom Named SIIA CODiE Award Winner for Best Talent Management Solution https://hrtechinfocenter.com/hr-tech-news/phenom-named-siia-codie-award-winner-for-best-talent-management-solution/ https://hrtechinfocenter.com/hr-tech-news/phenom-named-siia-codie-award-winner-for-best-talent-management-solution/#respond Fri, 29 May 2020 09:44:24 +0000 http://hrtechinfocenter.com/?p=1761

PHILADELPHIA, May 28, 2020 (GLOBE NEWSWIRE) — Phenom, the global leader in Talent Experience Management (TXM), today announced the Phenom TXM platform has been named the Best Human Capital or Talent Management Solution of 2020 as part of the annual SIIA CODiE Awards. The distinguished CODiE Awards recognize the companies producing the most innovative business technology products […]

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PHILADELPHIA, May 28, 2020 (GLOBE NEWSWIRE) — Phenom, the global leader in Talent Experience Management (TXM), today announced the Phenom TXM platform has been named the Best Human Capital or Talent Management Solution of 2020 as part of the annual SIIA CODiE Awards. The distinguished CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the world.

The Phenom TXM platform was selected for its unique ability to automate the talent lifecycle, empower internal employees, drive high-volume recruiting velocity, and deliver action-oriented analytics to organizations. Fueled by AI and machine learning, each talent experience—candidate, recruiter, employee and management—is personalized to match the right candidates and employees to the right jobs faster. The solution also accommodates virtual recruiting to reach and engage the global telecommuting workforce.

“Companies need to be able to attract and retain employees during the best times or the toughest situations,” said Jonathan Dale, vice president of marketing at Phenom. “Being recognized as the best talent management solution reflects our commitment to provide our customers with amazing candidate, employee, recruiter and hiring manager experiences. Using the power of AI, we help HR teams accomplish their distinctive goals.”

The SIIA CODiE Awards are the industry’s only peer-reviewed awards program. Nominees in the Best Human Capital or Talent Management Solution automate and improve aspects of human resources management and talent acquisition including HRIS, recruiting and performance appraisal. The Phenom TXM platform was evaluated by software and business technology experts based on its reporting and analytics, ease of use, visual aesthetics, simple implementation, innovation and ability to integrate with other solutions.

“Congratulations to this amazing group of 2020 Business Technology CODiE Award winners,” said SIIA President Jeff Joseph. “These trying times have underscored the importance of innovative technologies like never before. The products and services we honor today connect us to colleagues and customers, ensure business practices move forward, provide new insights from data, and create new jobs and market opportunities. They represent the best of high-impact, outcome-focused innovation.”

The Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, announced the full slate of CODiE winners during an online winner announcement earlier last week in light of the COVID-19 pandemic.

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