Barcelona, 26 April 2022 - Leading Spanish time & attendance software provider Woffu has entered into a definitive agreement to be acquired by Visma. Venero Capital Advisors acted as exclusive financial adviser to Woffu.
Barcelona-based Woffu was founded in 2015 by Miguel Fresneda and Víctor Pérez. It has 55 employees and nearly 1,500 clients. 130,000 employees daily use Woffu's solution to optimize their time, request vacations, manage absences and comply with time control regulations.
Visma is a leading provider of mission-critical business software, with 14,000 employees and 1.2 million private and public sector customers across the Nordics, Benelux, Central and Eastern Europe and Latin America. Woffu is Visma's third acquisition in Spain.
New York, NY and Vienna, 25 January 2022 - Radancy, the global talent technology leader, is expanding its unified platform with the agreement to acquire Austria-based Firstbird, the global leader in SaaS based employee referral programs. The planned acquisition of Firstbird expands Radancy's presence and commitment to the DACH market and complements its teams across Europe. Combined, the businesses can offer talent acquisition teams a unique recruiting solution, empowering them with a competitive advantage to attract and hire better talent faster in the global job market.
London and Michigan Center, MI, Nov 8th, 2021 - Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, has entered into a definitive agreement to acquire substantially all the assets of DataFuzion HCM, Inc., a specialist enterprise workforce management and HCM integration solutions provider based in Michigan Center, MI. Venero Capital Advisors and Acquisitions Partners Group acted as joint financial advisers to DataFuzion.
London, 18 August 2021 - Venero Capital Advisors acted as sole financial advisor to CURO Compensation, a global leader in pay equity and compensation management technology, in its acquisition by Payscale, the leading provider of compensation data, software and services. Payscale is backed by two leading technology-focused private equity firms, Francisco Partners and Insight Partners.
London, 20 July 2021 - Venero Capital Advisors acted as sole financial advisor to Jubiwee, a leading French employee engagement platform, in its acquisition by COYO, the leading European social intranet and employee communications platform. COYO is a portfolio company of Marlin Equity Partners.
The Work Tech sector’s outsized growth potential, coupled by its significant fragmentation, increased competition and continued innovation has already kicked-off a broad- based wave of M&A. The trend is clearly towards integrated product offerings that cater to a wide range of adjacent functional needs for clients of all sizes. In 2020 there were 177 transactions, with disclosed value of $45.5 billion. We call this the Great Consolidation because its trajectory indicates a reshaping of the Work Tech competitive landscape, with longer-term implications.
Review of the June 2020 HR Tech M&A and fundraising activity, update on HR Tech valuations and peer benchmarking, job market activity by country, and key highlights from earnings reports other operational updates.
This market update looks at the April 2020 HR Tech M&A and fundraising activity, presents the latest HR Tech public market valuations, reviews the impact of COVID-19 on the job market (new jobs posted by country in April vs. previous 12 months), and summarises 1Q 2020 earnings reports and updated outlook for selected Core HR, Payroll & Benefits firms, Learning & Development businesses, Talent Acquisition platforms and Recruitment firms (permanent as well as temporary).
We are delighted to present our 2019 analysis of M&A and investment trends in the HR Tech sector. This is the second year in a row we release such a report, after the overwhelmingly positive reception of the inaugural publication.
Similar to last year, in this report we share some of the insights and observations we have gathered from working with companies and investors in the Human Capital Management space over the last 12 months. We review the most prevalent M&A and investment themes, analyse notable transactions and highlight the factors that are likely to drive corporate finance activity for HR Tech businesses going forward.
Below are the key takeaways. You can request the full report here.
Client Briefing Note:
Cybersecurity is a sector flush with fragmented technologies. M&A deal flow is underpinned by robust structural growth, transition to the Cloud, government regulations and sophisticated cyber breaches. In this context, small players with niche technologies are acquired by larger peers who need to expand their capabilities and scale their product offerings.
This briefing note looks at the main drivers of M&A activity in the cybersecurity space, reviews transaction volumes, the most active acquirers and trends such as vendor rationalization. It also explains the importance of an Advanced Security Operation Control as a driver for acquisitions and analyzes precedent transaction multiples and public trading valuations.