In this report, we highlight 29 of the 58 M&A transactions within the HRTech sector which were completed during the second quarter of 2021. Overall deal volumes have slightly dropped since the last quarter, declining by 6%.
Specific market segments have been gaining in popularity and driving M&A activity during the COVID-19 pandemic. Unsurprisingly, these align with the shift toward remote working and include tools and platforms for managing remote hiring, performance, and learning & development.
Notably, talent development solutions continued to be a hot area in M&A, with 29% of identified deals taking place in this space, followed by workforce management and talent attraction solutions, representing 27% and 25% of the total deal volume, respectively.