Ultimate Software, Slack Make Acquisitions

Hey boys and girls, it’s The Shred for July 18, 2018, brought to you by Judge.com. Whether you’re moving your systems to the cloud, building out a team for your next project, finding healthcare talent for your organization, filling that mission critical direct hire to lead your team, or training your employees on the latest technology, Judge.com can deliver to ensure your organization’s long-term growth. To the news: Cloud-based management software provider Ultimate Software acquired France-based HR solutions company PeopleDoc for $300M yesterday in cash and stock; Ultimate Software’s 4.1k clients represent 38M employees; PeopleDoc serves 4M employees; PeopleDoc had previously raised $51M. In more acquisition news, Slack acquired Denver-based enterprise software startup Missions this week; terms were undisclosed; Missions enables businesses to customize Slack with additional features; the team will work in Slack’s Denver offices; members will continue in their current assignments; Slack has raised $790M to date. Next up, listeners will remember iCIMS acquired TextRecruit earlier this year. Well not to be outdone, Jobvite has announced a partnership with TextRecruit competitor Canvas to provide text recruiting solutions for its users. “This latest update to the Jobvite platform offers recruiters a must-have solution to engage candidates and immediately start a conversation, on their terms, within seconds,” said Jobvite Chief Product Officer, Robert Tsao. “With this new functionality, hiring teams can provide jobseekers with instant access to resources, eliminate time spent waiting for responses, and easily stay in touch over time in order to build lasting, authentic relationships.” As usual, we’ll be sure to discuss the news in greater depth on the weekly show, so be sure to tune-in. Once again, thanks to our sponsor Judge.com. With over 48 years of experience and success, Judge is an industry leader in technology, talent and learning solutions. Judge is a family-owned business which has grown globally with offices in the United States, Canada, India and China. Learn more at j-u-d-g-e-dot-com. Cheesman out.