HiBob News
32 articles
growth-positive
The deal will integrate FP&A capabilities into HiBob’s HR platform, offering real-time business insights.
HiBob, a human resources management platform, is acquiring Mosaic, a company specializing in financial planning and analysis, for an estimated $35 million. This acquisition aims to integrate FP&A capabilities into HiBobs HR platform, providing real-time business insights and enhancing the companys product portfolio. The move aligns with HiBobs strategy to combine employee lifecycle management with financial planning, allowing organizations to better predict the impact of recruitment and performance on business outcomes. This is HiBobs fourth acquisition and third in the past two and a half years. The company has raised $570 million across five funding rounds, with a recent valuation of approximately $3 billion.
Acquisition
growth-positive
The HR tech firm granted 1,800 stock options to 47 employees who served over 30 days in reserve duty.
HiBob, an HR tech firm, has granted 1,800 stock options to 47 employees who served over 30 days in IDF reserve duty during the Swords of Iron War. This gesture reflects the companys appreciation for its employees commitment and aligns with its values of responsibility and leadership. HiBob, founded in 2015, has developed a digital employee management platform serving over a million users globally. The company recently acquired British payroll platform Pento for $40 million and raised $150 million at a $2.7 billion valuation. HiBob has raised a total of $570 million across five funding rounds, with its latest valuation estimated at $3 billion.
AcquisitionInvestment
growth-positive
Unicorn HiBob awards stock options to reservist employees who served in the war | CTech
HiBob, an HR tech firm, has granted 1,800 stock options to 47 employees who served over 30 days in IDF reserve duty during the Swords of Iron War. This gesture reflects the companys appreciation for its employees commitment and the values they embody. HiBob, founded by Ronni Zehavi and Israel David, has developed a digital employee management platform serving over a million users globally. The company recently acquired British payroll platform Pento for $40 million and raised $150 million at a $2.7 billion valuation, bringing its total funding to $570 million. HiBob employs around 1,200 people, with half based in Israel, and operates offices in several countries.
AcquisitionInvestmentCustomers
growth-positive
HiBob Launches New Learning Module - Bob Learning
HiBob has launched Bob Learning, a new integrated learning and development module within its HR platform, Bob. This module is designed to align professional development with managerial objectives and business needs, offering courses from providers like Udemy, Go1, and LinkedIn Learning. Bob Learning uses AI-powered course design to create personalized learning paths and allows users to track progress. The module aims to enhance workforce capability, competitiveness, and employee satisfaction by connecting education and skills development to key business and career milestones. HiBobs CEO, Ronni Zehavi, emphasizes the importance of strategic learning in driving retention, succession planning, and overall business success.
growth-positive
HR unicorn HiBob acquiring British payroll platform Pento for $40 million | CTech
Israeli HR management platform HiBob is acquiring UK-based cloud payroll systems company Pento. The deal, estimated to be worth around $40 million in shares and cash, will see HiBob extend its services globally. Pento has over 400 businesses as clients, many of which already use HiBobs platform. HiBob raised $150 million in its latest funding round in October 2021 at a valuation of $2.7 billion. The company, which was established in 2015, has raised approximately $150 million annually over the past three years, accumulating a total of around $574 million in funding since its inception.
AcquisitionExpand
growth-positive
Fiverr and Hibob established the "One Heart" hi-tech situation room with a fleet of tens of thousands of volunteers | CTech
In response to the Iron Sword War, companies Fiverr and HiBob established the One Heart high-tech emergency room, a civilian aid organization operating throughout the country. The organization uses technology to manage thousands of requests for help and assistance, connecting those in need with volunteers and donors. The organization has deployed tens of thousands of volunteers and has financed the evacuation of 500 people to resorts. The war room is now working to recruit additional partners and donations to expand the scope of support and provide an immediate response to requests.
PartnersCustomers
growth-positive
Israeli HR platform HiBob raises $150m
Israeli HR platform HiBob has raised $150 million in a financing round led by Farallon Capital, with participation from Alpha Wave Global and existing investors. This brings HiBobs total capital raised to $574 million. The company, which provides HR and employee management solutions, has more than 3,500 customers and has exceeded $100 million in Annual Recurring Revenue. Despite challenging market conditions, HiBob continues to see strong growth.
InvestmentCustomers
growth-positive
HIBOB IS NAMED TO THE 2023 FORBES CLOUD 100
HiBob, the company behind the HR platform Bob, has been named to the Forbes 2023 Cloud 100, a list of the top 100 private cloud companies in the world. This is the second year in a row that HiBob has made the list. The companys CEO, Ronni Zehavi, expressed his excitement and gratitude for the recognition, attributing the achievement to the hard work of the companys employees. HiBobs mission is to transform how organizations operate in the modern world of work, and this recognition validates their progress towards this goal.
Customers
growth-positive
HiBob Wins Four HR Tech Awards from Lighthouse Research
HiBob, a leading provider of HR technology solutions, has been honored with four prestigious HR Tech Awards by Lighthouse Research & Advisory. The awards recognize HiBobs innovative HR platform as the Best Global Solution for Core HR, Best Midsize Business-Focused Solution, Talent Analytics, and Best DEI-Enabling Solution. The awards highlight HiBobs commitment to helping customers tackle the complexity associated with fast-paced international or multisite growth, providing comprehensive, flexible, and scalable HR solutions on a global scale. The companys platform empowers organizations to streamline their core HR processes, enhancing efficiency, accuracy, and compliance.
Customers
growth-positive
Ventana Research Names HiBob as a Value Index Leader for Total Compensation Management | HiBob
HiBob, the company behind Bob, the modern HR platform, has been recognized as a Leader in the Validation category and named a Vendor of Assurance in Ventanas 2023 Total Compensation Management Value Index. The company received high rankings for Validation and Customer Experience. The article highlights the importance of compensation management in attracting and retaining employees. HiBobs CEO expressed pride in the recognition and emphasized the companys commitment to providing world-class HR services. The article also mentions HiBobs customer, TourRadar, and their positive experience using Bob for compensation reviews. The Total Compensation Management Value Index evaluated multiple software vendors, including HiBob, and assessed their maturity and value in compensation management. HiBob is used by over 3200 multinational companies.
Customers
growth-positive
הסטארט-אפ הישראלי HiBob - ברשימת ההמצאות הטובות ביותר ל-2022 של TIME | כלכליסט
הייבוב, a cloud-based human resources management platform, has been included in Time magazines list of Human Resources Resources due to its suitability for remote and hybrid work. The platform helps manage human resources, including salary, vacations, and feedback, and assists in onboarding new employees and conducting employee evaluations. Times choice of הייבובs platform is related to the increased prevalence of remote and hybrid work due to the COVID-19 pandemic. In August, הייבוב raised $150 million in a funding round, valuing the company at $2.45 billion. Since 2021, הייבוב has doubled in size and added 370 new employees, bringing its total workforce to 700 employees across multiple countries.
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growth-positive
HiBob: TIME Magazine's Best Inventions of 2022
HiBob, a cloud-based HR platform, experienced growth during the pandemic as remote work became normalized. The platform offers features such as payroll processing, benefits management, onboarding automation, and employee feedback collection. HiBob raised $150 million in funding in August, leading to a workforce growth of over 700 employees. The company caters to fast-growing mid-size companies with multiple global worksites.
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growth-positive
HiBob Integrates Mercer Compensation and Benchmark Data into Platform in Landmark Strategic Alliance
HiBob, a modern HR platform, has announced a strategic alliance with Mercer, a global consulting leader. Mercer Compensation and Benchmark data is now available through HiBobs platform, allowing HR and compensation managers to use the data for smarter compensation cycles, workforce planning, and hiring with competitive pay strategies. The partnership aims to provide a trusted global source of compensation data and workforce analytics to HiBobs clients, enabling them to make informed decisions on pay structures and attract top talent. The alliance is expected to contribute to the growth of HiBob by offering valuable insights and optimization opportunities for companies expanding into new markets. The article emphasizes the importance of compensation benchmarking in todays fast-changing market and the role it plays in building a future-ready workforce. The date of the event described in the article is not provided.
Partners
growth-positive
HiBob acquires Portuguese company Bugle, sets up R&D center in Lisbon | CTech
HR management platform HiBob is expanding in Portugal after acquiring Portuguese company Bugle. The acquisition and the founding of a new R&D center in Lisbon is estimated to cost around $30 million. HiBobs expansion follows the recent opening of a Berlin office to service the DACH region. The company aims to become a magnet for tech talent and a trailblazer for HR tech innovation globally.
AcquisitionExpand
growth-positive
anecdotes and HR Tech Company HiBob Announce New Strategic Partnership
anecdotes, the first operating system (OS) for Compliance, has announced a strategic partnership with HiBob, a global HR technology platform. The partnership aims to streamline the HR evidence collection process for Compliance teams and address Compliance challenges. The integration between anecdotes and HiBob allows for automatic sharing of employee data, eliminating the need for manual data collection. This partnership enhances internal collaboration and provides companies with full visibility into their Compliance posture. The collaboration is part of anecdotes efforts to meet the evolving needs of Compliance leaders and drive productivity and collaboration.
Partners
growth-positive
HR management platform HiBob raises $150 million Series D at $2.45 billion valuation | CTech
HiBob, the HR platform company, has raised $150 million in growth funding at a valuation of $2.45 billion. The funding round was led by General Atlantic and included participation from Bessemer Venture Partners and other investors. HiBobs platform is used by over 2,500 multinational companies and helps with hiring, talent retention, and employee engagement. The CEO, Ronni Zehavi, stated that the funds will be used for potential acquisitions. The company has no plans to go public yet, as they want to build more growth engines. HiBob is optimistic about the future and believes that the market will correct itself. The company has been expanding its customer base and has hired over 370 new employees. They also plan to open additional regional offices in the next 24 months.
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Growth-Positive
The Cloud 100 2022
The seventh annual Cloud 100 list, produced in partnership with Bessemer Venture Partners and Salesforce Ventures, recognizes the worlds top private cloud companies. The companies are selected for growth, sales, valuation, and culture. Despite several years of soaring valuations and a wide open IPO window, 2022 saw a decrease in the number of companies going public. The list also shows a trend of layoffs creeping into the ranks of these companies. The sector still lacks diversity, with only eight companies on the Cloud 100 being led by women.
CustomersInvestmentLayoffs
growth-positive
HR platform Hibob raises $150M at a $1.65B valuation
London-based HR technology company Hibob has raised $150 million in a Series C funding round, valuing the company at $1.65 billion. The funding will be used to support the companys international growth and expansion. Hibob offers an all-in-one platform for human resources functions, including attendance tracking, time off, compensation, payroll, benefits, and surveys. The company has seen triple-digit revenue growth in the past year, driven by the shift to remote work and increased demand for HR systems. Hibob has 1,500 mid-sized customers in 134 countries, with a focus on the UK and European markets. General Atlantic led the funding round, with participation from existing investors.
Investment
growth-positive
Hibob enters unicorn club with $150 million round at $1.65 billion valuation
Tel Aviv-based startup Hibob is raising $150 million at a $1.65 billion valuation in a funding round led by General Atlantic. The company aims to simplify employer-employee communication and management in growing companies. Hibob has raised a total of $124 million since its founding in 2015. It employs 300 people and its clients include Monzo, Revolut, Cazoo, Happy Socks, ironSource, Receipt Bank, Fiverr, Gong, and VaynerMedia. The funding round is expected to be announced soon.
InvestmentExpand
growth-positive
Hibob Continues on Growth Trajectory With Acquisition of Workplace Relationships Analytics Startup Cassiopeia
Hibob has announced its acquisition of Cassiopeia, a startup that developed AI-based workplace relationship analytics technology. The acquisition will allow Hibob to offer more robust analytics for companies operating in hybrid and remote work models. The integration of Cassiopeias technology into the bob platform will provide actionable insights to help increase effective collaboration. The acquisition is part of Hibobs initiative to provide innovative tools and solutions for companies to support various work modules and ensure a supportive employee experience. The acquisition is seen as a positive growth move for Hibob.
Partners
growth-positive
This Israeli HR tech company raises €58M in Series B funding;here's why it opened its new office in Amsterdam Silicon Canals
HR tech startup Hibob has raised $70 million in Series B funding led by investors SEEK and Israel Growth Partners. The funding will drive global expansion and product development. Hibob offers a cloud-based HR and benefits platform that helps companies streamline their HR processes. The company has achieved triple-digit year-over-year growth and has signed over a thousand clients, including Monzo, Revolut, and Wetransfer. Hibob has also opened a new office in Amsterdam. The platform allows HR leaders to manage modern organizations, streamline core HR processes, and drive social engagement and collaboration. Hibob operates from London and New York.
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growth-positive
Hibob raises $70 million to expand its data-driven HR platform to more markets
Hibob, a data-driven HR management platform, has raised $70 million in a series B funding round led by Seek and Israel Growth Partners. The startup has experienced rapid growth in 2020, with triple-digit year-over-year growth, as companies embrace cloud-based tools for remote work. Hibobs core platform, Bob, provides HR departments with tools for onboarding, timesheet management, payroll reporting, and more. The platform also utilizes data and analytics to help companies make data-driven decisions about their workforce. Hibob plans to use the funding to drive global expansion. The HR tech market is valued at $148 billion, and Hibob is well-positioned to thrive in the current remote work environment.
Investment
growth-positive
Hibob Announces Addition of Compensation Management Tool to Robust Stack of HR Technology Capabilities
Hibob, the HR tech company, has unveiled a compensation management module for its HRIS platform bob. The new feature aims to help scaling businesses evaluate, assess, and allocate global compensation budgets efficiently. It simplifies and automates the allocation of base pay, variable pay, bonus, and equity, providing a one-stop solution for compensation distribution. The module also enables HR teams to make informed compensation decisions by providing the right data at the right time. GiG, a B2B platform solutions and media provider in the iGaming sector, has already utilized Hibobs compensation feature. The new module is available to both existing and new users of the bob platform.
Customers
growth-negative
Who Is Struggling the Most at Work? Hibob Study Reveals Which Groups Have Experienced Significant Mental Health and Job Satisfaction Declines
Hibob unveils the results of its workplace study, showing that a majority of U.S. employees have been suffering from a mental health decline since the start of the pandemic. The study also reveals disparities in mental health and job satisfaction among different demographics. HR teams are urged to address these issues and improve the employee experience. Creating a hybrid work environment is suggested as a solution. The study was conducted in August 2020 and includes responses from 1,000 full-time employees in the United States.
CustomersPartners
growth-positive
Hibob Announces Integration with Microsoft Teams to Enhance Workplace Productivity and Employee Experience
HR company Hibob has announced an integration with Microsoft Teams, called bob HR, aimed at promoting employee productivity, inclusivity and engagement. The integration will allow teams to stay updated on company news and information, get to know co-workers, and get quick responses to HR actions. The integration is expected to help cultivate company culture remotely, solve HR needs with increased transparency, and support collaboration among colleagues while improving efficiency. The integration is now live for all Hibob clients.
PartnersCustomersExpand
growth-positive
How Hibob Boosts Employee Engagement and Retention: Q&A
The article features an interview with Rhiannon Staples, CMO of Hibob, a people management software company. Staples discusses the importance of employee engagement and how technology, such as cloud-based HR platforms and AI, can transform the way employers approach employee engagement. The article also highlights the impact of distributed workforces on employee engagement initiatives. HR managers are encouraged to focus on data-driven decision making and recognize the cost of turnover. The article concludes by mentioning Hibobs focus on challenges faced by fast-growing companies and their efforts to support employee engagement and satisfaction.
Customers
growth-positive
Hibob raises $20 million to modernize HR with digital tools
Hibob, a provider of cloud-based HR and benefits management software, has raised $20 million in an extension of its series A round. The funding will accelerate Hibobs expansion into the U.S. and Europe. The company has grown 460 percent year-over-year since 2015 and has a wide-ranging toolset in the competitive HR tech market. The HR tech market is expected to reach $22.5 billion by 2022. Hibobs investors include Bessemer Venture Partners, Battery Ventures, Eight Roads Ventures, Arbor Ventures, and Presidio Ventures.
Investment
growth-positive
HR platform bags new managing director for growth - BusinessCloud
HiBob has appointed Joel Farrow as managing director. The company has gained over 300 global clients, raised $25 million, and formed strategic partnerships with companies like Aviva. HiBob aims to reinvent the HR experience using insight, data, and personalization. Farrow praised HiBob for solving HR and enterprise sales problems and providing an unparalleled onboarding experience. HiBobs platform offers HR and team leadership deep and textured data for better insights. The companys intuitive interface uses machine learning to improve employee retention. HiBobs CEO expressed excitement about Farrow leading the company in the UK and Europe and his passion for creating vibrant HR environments.
CustomersPartners
growth-positive
HiBob Launches Benefits Platform in Partnership with Aviva, Smart Pension, Sodexo and Canada Life
HiBob, the HR platform, has launched a new benefits product for small-to-medium business clients in the UK. The offering includes pension plans, life insurance, income protection, critical illness cover, local retail discounts, and other financial, lifestyle, and career-building benefits. The interactive HR solution provided by HiBob already allows businesses to manage HR needs from one centralized platform. The company has partnered with Aviva, Smart Pension, Sodexo, and Canada Life to ensure that UK clients have access to all the services they need for their employees. A recent study by HiBob showed that 41% of employees consider their benefits package important when choosing an employer, and 72% of employers believe that benefits are crucial to their retention strategy.
Customers
growth-positive
Israeli Startup Taking Share From Workday In $15B Market
Israeli startup Hibob, a cloud-based HR and benefits platform, has raised $25 million and is experiencing rapid growth in the market for human capital management software. The company aims to revolutionize the way businesses engage with employees and manage their talent. Hibobs growth is attributed to its products flexibility and ability to manage different types of talent. One customer, Goodlord, prefers Hibob over Workday due to its constant development of new features based on customer feedback. Hibob expects to close a new round of funding in early 2018.
CustomersInvestment
growth-positive
HR and employee benefits platform Hibob raises $17.5M led by U.S.-based Battery Ventures
Hibob, an HR and employee benefits platform, has raised $17.5 million in Series A funding. The funding will be used to develop the technology behind the platform, build benefit partnerships, increase sales capacity, and expand globally. Hibobs platform focuses on employee engagement and offers a marketplace of employee benefits. It recently partnered with Aviva to offer workplace pension schemes. The funding round was led by Battery Ventures, with participation from Arbor Ventures and Fidelity’s Eight Roads Ventures. The total funding for Hibob now stands at $25 million.
InvestmentPartnersExpand
growth-positive
Hibob raises $7.5M to help SMEs manage their people (and those pesky workplace pensions)
Hibob, a U.K. startup, has raised $7.5 million in seed funding to build a cloud platform for managing HR. The platform offers various tools, including employee perks management, staff engagement, and auto-enrolment for workplace pension schemes. The funding round was led by Bessemer Venture Partners, with participation from Taavet Hinrikus and LocalGlobe. Hibob aims to target SMEs and compete with legacy HR software by providing a more user-friendly UI and improved workflow for managing employees. The company also plans to act as a pension broker, capitalizing on the upcoming pension reform in the U.K. The funding will support the companys expansion and product development.
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