The HR technology landscape, which is now more than a $15 billion market in software, is exploding with growth and innovation. We are tracking more than 100 new startups in social and referral recruiting, talent analytics, assessment science, online learning, and mid-market core HR systems. New tools to help manage employee communications, engagement, recognition, and workplace wellness are also red hot.
Fueled by this new cycle of innovation, private equity and venture capital firms are investing heavily in the space. The top 50 HR technology investment deals this year were over $560 million and the top 50 learning and educational tech deals were over $800 million (private equity research).
And these valuations are resulting in lots of acquisitions. Just recently Skillsoft, one of the largest e-learning companies, acquired one of the largest LMS companies, SumTotal Systems. Earlier this year LinkedIn LNKD +1.9% acquired Bright to aid in employment matching, and two years ago IBM IBM +1.17% acquired Kenexa, to build out its talent software offering. Anxious venture firms are looking for ways to get part of this fast-growing market.
As money comes to HR technology, so do new ideas and smart people. The result: we are seeing one of the most innovative times ever in the HR technology market. Read more on Forbes.com