In this report, we highlight 33 of the 71 M&A transactions within the HRTech sector which were completed during the second quarter of 2021. Overall deal volumes have increase since the last quarter, growing by 22%.
Specific market segments have been gaining in popularity and driving M&A activity in this post-lockdown of COVID-19. It is becoming increasingly important for HR leaders to plan for their technology investments with more caution than in years past, considering issues such as privacy and ethical concerns with the increased use of technology.
Notably, talent development continued to be a hot area in M&A, with 21% of identified deals taking place in this space, followed by talent attraction and workforce management, representing 20% and 13% of the total deal volume, respectively.
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