Over the past three year’s HR Tech exits remained strong, with fifty-five plus combined IPOs and M&A (Mergers and Acquisitions) annually. The steady pace of exit activity is foreseeable given the trends in funding and deals in the category. Currently, the year 2016 surpass the 2015’s exit event.
Using the CB Insight data, here is a quick synopsis of HR Tech exit activity from the year 2012 to the year 2016. Broadly this category includes, workforce optimization, employee development, benefits administration and payroll administration as well as workforce management.
Annual HR Tech Exit Trends
There have been 57 HR tech exits including 53 M&A transactions and IPO made up for the lag, with a record of 4 in the year 2016.
In total, approximately 241 HR Tech startups have been the targets of M&A transactions, and ten have gone public since 2012.
A Quick Overview of HR Tech IPO and M&A History (2012-2016)
Largest HR Tech Exits
Top HR Tech exits since 2012 are identified using CB Insights Enhanced Valuation and Capability. In past 14 months Indeed claimed a top position followed by Paylocity that grabbed second place. Bswift becomes third.
Most well-funded HR tech companies before exit
Based on the disclosed funding, the three well-funded HR tech startup that has existed since the year 2012 include, Elance followed by PeopleMatter and Bswift.
Elance is a marketplace for freelancers, merged with Up Work Global (HR Tech startup) in the fourth quarter of 2013. In total funding, the company had raised $94.8M before the merger. The second position was secured by PeopleMatter, which is a full-service HR management software for the services industry. The firm was acquired in the second quarter of 2016 by SnagAjob and raised nearly $60.6M in total funding.
The article is originally published at CB Insights.
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