"Technological advancements such as artificial intelligence, machine learning, data analytics, and automation, have created new possibilities for employee engagement."
In this report, we provide an in-depth overview of the HRTech M&A market, including the most active players, key drivers, and recent transactions in the second quarter of 2023.
This quarter was marked by a significant increase in mergers and acquisitions of employee engagement software platforms. Technological advancements, such as artificial intelligence, machine learning, data analytics, and automation, have created new possibilities for developing sophisticated products.
As part of our report, our expert M&A Advisory Team identifed that Talent Attraction was the most active sub-sector for the quarter, recording 38% of identified deals, followed by Talent Development with 26% of deals and Workforce Management with 20% of the total deal volume.
Download our full report to see the full analysis of the HRTech industry in Q2 2023.