Welcome to this month’s update on HR Technology news from Australia, New Zealand and abroad.
Payroll Activities
Australian payroll provider Talent2 has kept the troubled Novopay New Zealand public education deal after the government decided that going back to the previous Datacom platform was replacing one set of risks with another.
Accounting firm Grant Thornton lost a $2.9 million payroll outsourcing contract (subscription required) with Monash Health in Victoria, this is on the back of its loss of St Vincents Hospital Melbourne.
Stock Market Action
In the wake of several financial reporting issues over the last year Saba has announced its anticipated delisting from the NASDAQ and on the other side of the fence Canadian vendor Halogen Software has raised C$55 million as part of its initial public offering to assist with expansion into new markets, including Australia.
Finally Cornerstone OnDemand reported quarterly revenue was up 57% year over year, very impressive growth. On the back of these positive results the stock is also up 20% over the last month.
Cloud Developments
Like many other local vendors TechnologyOne continues to re-build its product offerings for the cloud. As part of this process TechnologyOne is moving all of its products, including HR and Payroll, to HTML5 environment allowing seamless operations from desktop, tablet and phone. To date only parts of the HR/Payroll platform have been re-developed and like many of their competitors the core payroll platform is still client server based.
Thomas Otter Leaves Gartner
For over five years Thomas Otter has been a leading force within Gartner’s HCM analyst team. This has come to an end with Thomas moving to SuccessFactors as Vice President of Product Management for the EmployeeCentral product. While a great win for SuccessFactors on the back of Jim Hollincheck move to Workday six months ago is a substantial loss for Gartner.
If you have news you would like to share please let us know: info@navigoresearch.com.au
