10 Acquisitions of Companies in the Human Resources Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Human Resources industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 10 acquisitions that took place in the Human Resources industry.

Innomate acquired by 24SevenOffice

Details about the transaction:

Acquisition amount:

$2,022,018

Announcement:

28 January 2022

Details about the company:

Web-based HR solutions are created and implemented by Innomate to assist businesses in streamlining and upgrading their HR procedures.

Headquarter:

Copenhagen, Hovedstaden, Denmark

Where to find them:

Industry:

Human Resources, Professional Services, Software, Web Development

Details about the buyer:

A Norwegian software firm called 24SevenOffice creates and sells SaaS-based solutions.

Headquarter:

Oslo, Oslo, Norway

Where to find them:

Salary.com acquired by Kenexa

Details about the transaction:

Acquisition amount:

$80,000,000

Announcement:

1 September 2010

Details about the company:

Salary.com offers software solutions and on-demand salary data.

Headquarter:

Waltham, Massachusetts, United States

Where to find them:

Industry:

Enterprise Software, Human Resources, Software

Details about the buyer:

Kenexa offers software, outsourcing, and personnel research to assist businesses in finding and keeping productive employees.

Headquarter:

Wayne, Pennsylvania, United States

Where to find them:

Torchlight acquired by LifeSpeak

Details about the transaction:

Acquisition amount:

$17,250,000

Announcement:

13 December 2021

Details about the company:

Health plans and SaaS business employee benefits

Headquarter:

Burlington, Massachusetts, United States

Where to find them:

Industry:

Children, Elderly, Employee Benefits, Health Care, Human Resources, SaaS, Wellness

Details about the buyer:

A new company called LifeSpeak educates workers about their mental health and fitness.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Paygroup acquired by Deel

Details about the transaction:

Acquisition amount:

$79,952,583

Announcement:

21 November 2022

Details about the company:

Paygroup is a supplier of cloud-based Human Capital Management (HCM) software and business process outsourcing (BPO) services.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Human Resources, Outsourcing, SaaS, Software

Details about the buyer:

Deel is a platform for payroll and compliance for foreign workers and contractors.

Headquarter:

San Francisco, California, United States

Where to find them:

PhoenixATS acquired by ReadyTech

Details about the transaction:

Acquisition amount:

$2,435,726

Announcement:

17 March 2022

Details about the company:

PhoenixHRIS is a provider of online software for HR administration and recruiting.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Industry:

CRM, Human Resources, Recruiting, Software

Details about the buyer:

Software-as-a-service and software solutions are offered by ReadyTech in the fields of employment and education.

Headquarter:

Pyrmont, New South Wales, Australia

Where to find them:

Roi Rekrytering acquired by Poolia

Details about the transaction:

Acquisition amount:

$3,512,132

Announcement:

1 February 2022

Details about the company:

Roi Rekrytering is a rapidly expanding HR-Tech business.

Headquarter:

Malmö, Skane Lan, Sweden

Where to find them:

Industry:

Human Resources, Recruiting, SaaS

Details about the buyer:

Poolia is a privately held business that places talented people in both permanent and temporary positions.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Clear Review acquired by Advanced

Details about the transaction:

Acquisition amount:

$33,663,887

Announcement:

19 October 2020

Details about the company:

Award-winning Continuous Performance Management and Engagement System, Clear Review.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Human Resources, Software

Details about the buyer:

For private, public, and nonprofit companies, Advanced offers IT, HR, and personnel management solutions.

Headquarter:

Birmingham, Birmingham, United Kingdom

Where to find them:

Headstart acquired by Silverback United

Details about the transaction:

Acquisition amount:

$14,000,000

Announcement:

18 August 2022

Details about the company:

The goal of Headstart, a diversity recruitment tool, is to end the cycle of exclusion.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

College Recruiting, Human Resources, Recruiting, Software

Details about the buyer:

Focused on revealing and using the underlying value of treating data as an asset, Silverback United.

Headquarter:

Fountain Hills, Arizona, United States

Where to find them:

Business HR Solutions acquired by WorkNest

Details about the transaction:

Acquisition amount:

$7,650,121

Announcement:

8 June 2022

Details about the company:

Business HR Solutions offers knowledgeable support and outsourced consulting for the workplace.

Headquarter:

Kettering, Nottinghamshire, United Kingdom

Where to find them:

Industry:

Employment, Human Resources, Outsourcing

Details about the buyer:

WorkNest offers outsourced HR, health and safety, and employment legal services.

Headquarter:

Chester, Cheshire, United Kingdom

Where to find them:

Paxus Corporation acquired by Adcorp

Details about the transaction:

Acquisition amount:

$63,185,830

Announcement:

13 December 2012

Details about the company:

After combining with The Continuum Business in Texas in 1993, the Australian publicly traded IT company Paxus Corporation

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Human Resources, Information Technology, Staffing Agency

Details about the buyer:

A consulting firm is Adcorp.

Headquarter:

Bryanston, NA - South Africa, South Africa

Where to find them: