The rate of new technologies being developed and the number of companies providing them are exponentially increasing each year and the first quarter of 2019 was no exception.
In total, there were 68 major announcements documented, which almost doubles the 36 announced in the first quarter of 2018. The majority of the announcements were from companies located in the United States, and most were from small or start-up organizations.
Among the announcements were 10 acquisitions, as well as news from well-known technology providers including SAP, Paychex, Ceridian, and Oracle.
In addition, investment deals in HR technology hit over $2.2 billion dollars, with $1.5 billion dollars alone in funding for Infor, a global software company whose services include cloud-based ERP and human capital management (HCM) systems.
To learn more about what has happened in HR technology in the first quarter of 2019, download the report to find out.