Welcome to the late August 2014 edition of our monthly news. (We are late mainly as we forgot to hit publish!) As always lots going on and this month we are seeing activity around acquisitions.
In late August we released the 4th Australian HR Technology Report, freely available for download.
The report is based on a survey of over 288 organisations representing over 690,000 employees. Respondents provided information on HR software used, technology adoption across functional areas, satisfaction rates, age of systems, expenditure and future trends.
This year we had so much content that we decided to split the report in two! The first looking at HR Systems Adoption, the second around the Management of HR Systems.
We hope you enjoy the new more readable format!
19 August saw the running of AHRI’s HR Technology Conference. The one day event was held at the Melbourne Convention Centre as part of the Annual National Convention. Speakers included Dom Thurbon who opened they day taking delegates on a journey looking at The workplace of the tomorrow, today. Dom framed the day with his five key trends:
We then heard from Aaron Green VP Application Oracle, Rob Scott Global Lead: HR Strategy & Innovation at Presence of IT. Both Aaron and Rob continued the messages that both business and technology are fundamentally changing and organisations need to adapt to survive. I provided a short overview on the results of the HR Technology Report.
The day was closed out by Pete Williams Chief Edge Officer, Centre for the Edge at Deloitte Australia who demonstrated some of the value organisations can unleash when leveraging technology in the workplace. Pete showed the audience many examples of how social media is being used to get things done.
Learning content provider Skillsoft has entered into a definitive agreement for the acquisition of SumTotal Systems from affiliates of Vista Equity Partners.
Locally MYOB entered into an agreement to purchase PayGlobal from New Zealand infrastructure investor Infratil. Details of the deal were not made available although both were talking up the “natural fit” of the two organisations. It is believed that MYOB will fund the acquisition from existing cash reserves.
Workday continues to post positive Financial results with Fiscal 2015 2nd Quarter total revenues were $186.8 million, an increase of 74% from the second quarter of fiscal 2014. Subscription revenues were $143.7 million, an increase of 77% from same period last year. Workday’s losses increased quarter over quarter, operating loss was $61.8 million, or negative 33.1% of revenues, compared to an operating loss of $32.3 million, or negative 30.0% of revenues, in the same period last year.
At the tail end of July the New Zealand Government took back control of the Novopay payroll system. Reports are that Talent2 will be paying the Government a package worth between $18 and $22 million, including $11-$15m for software and $7m cash.
During August several vendors announced new user interfaces to either their complete product line or specific portions. Firstly long time recruitment solution cvMail received a new look and feel with a new fresh modern colour scheme which is easy on the eyes, new icons and a slight menu change.
Frontier Software launched a new version of their mobile platform with a revamped user interface.
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