The rate of new technologies being developed and the number of companies providing them are increasing dramatically each year, and the second quarter of 2019 was no exception.
During the second quarter, there were 66 major announcements, up from 57 in the second quarter of 2018. Investment deals in HR technology in the second quarter of this year hit over $560 million dollars.
The majority of the announcements were from companies located in the United States, with about one-third of the companies located in the Silicon Valley/San Francisco area.
Among the announcements were 5 acquisitions, as well as news from well-known technology providers including Ascentis, Alright Solutions, Paycor, and ADP.
To learn more about what has happened in HR technology in the second quarter of 2019, download the report to find out.