HRTech Q1 2024



M&A Review

Q1 2024

What’s Inside?

In our latest report, we discovered that...

  • Several transactions in the employee experience and well-being space underline the critical evolution of HR technology to integrate well-being into the employee experience framework, emphasizing a holistic approach to workforce engagement, productivity and health.
  • Deal volumes increased substantially, with 92 reported transactions in Q1 vs. 68 in Q4 2023.
  • Talent Development remained the most active sub-sector, representing 37% of identified deals.
  • Talent Attraction transactions surged - this sub-sector represented 27% of deals in Q1 2024.
  • Workforce Management experienced a modest decline - the number of deals in this sub-sector decreased from 24% in Q4 2023 to 17% in Q1 2024.
  • Cross-border transactions constituted 41% of the recorded deals, marking a significant rise from the previous quarter's record low in 2023, which was 25%.  Noteworthy, the Asia-Pacific region saw a sharp increase in deal volume.
  • Our HRTech index improved but lagged behind the recovery seen in the wider stock market indeces in the first quarter.

Download our full report to see the full analysis of the HRTech industry in Q1 2024.




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