HR software market is booming:
- The HR management and payment company Justworks announced a $13M Series B funding round. Justworks’s platform provides automated payments, payroll, HR admin, benefits enrollment, and government paperwork for small and medium-sized companies. Unlike other HR-in-the-cloud business models, Justworks offers employers healthcare savings of up to 30 percent by partnering directly with carriers such as Blue Cross Blue Shield. In 2014 Justworks revenue increase by 1500 percent and its user base by 800 percent.
- Xactly Corp., a San Jose, Calif.-based provider of cloud-based incentive compensation solutions for employee and sales performance management, has filed for a $75 million IPO. Xactly links employee performance with incentives to increase engagement within workforce, build high-performing teams, and enhance company culture.