Market Boosters and Top BarriersMarket Research Future (MRFR) expects the global human capital management software market to touch a valuation of USD 24 billion by the year 2023.MRFR also reports that during the forecast period (2017-2023), the market can potentially record a growth rate of 9%, indicating decent future growth prospects.There has been a high focus on offering employee engagement solutions, helping employees become highly efficient by developing employee experience platforms as well as suitable collaboration solutions.Given the current workforce conditions, HR leaders are investing more in technology that helps with tasks like management, optimizing and recruitment in the organization.The global market for human capital management has noted significant growth in recent years, thanks to the mounting demand for talent mobility as well as the rising adoption of cloud-based business models within HRM services.In addition, the surge in artificial intelligence (AI), as well as machine learning technology, has driven the market growth to a great extent.Get Free Sample of Report @ https://www.marketresearchfuture.com/sample_request/1425Platform as a service (PaaS) within HCM has emerged as a significant trend in the human capital management market.Some advantages of PaaS include better integration of extended capability that goes beyond its configuration possibilities in an HCM suite, boosting its demand among multiple vendors.Significant PlayersSignificant vendors in the worldwide market for human capital management software include The Sage Group plc.(U.S), Workday, Inc. (U.S.), NetSuite Inc. (U.S.), Oracle Corporation (U.S.), Cornerstone OnDemand (U.S.), Infor (U.S), Kronos Incorporated (U.S), Ultimate Software Group, Inc. (U.S.), SAP SE (Germany), Epicor Software Corporation (U.S), Benefitfocus Inc. (U.S.), BambooHR (U.S), PeopleFluent (U.S), Ultimate Software Group, Inc. (U.S), Zoho Corporation (India), WebHR (U.S), CakeHR (U.K), ADP, LLC (U.S.), International Business Machines Corporation (U.S.), to mention a few.Latest UpdatesJune 2019WorkForce Software has received a substantial equity investment from the Evergreen Coast Capital Corp., which is the technology-focused private equity part of the Elliott Management Corporation.
Enterprise information management (EIM) company OpenText is acquiring cloud data backup and protection service Carbonite in a deal worth $1.42 billion.Carbonite, which offers a number of data backup and protection services for consumers and businesses, had become the subject of significant takeover rumors over the past few months after its revenue dropped.CEO Mohamad Ali stepped down in July and was replaced on an interim basis by board chair Steve Munford.Boston-based Carbonite had raised nearly $200 million from big-name investors ahead of its 2011 IPO, and its shares soared well above its $10 IPO price to hit an all-time high of more than $40 last year, before falling to around $12 in August.Private equity firms, including Evergreen Coast Capital, KKR, and Vector Capital, were among the companies rumored to be circling Carbonite, but OpenText has now swooped in with an offer of $23 per share — a 78% premium on Carbonite’s September 5 closing price, before the media first reported that a sale could be in the cards.“Following expressions of interest from multiple parties, the Carbonite board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties, to identify the best way to maximize shareholder value,” Munford said in a press release.
Coveo, an enterprise software-as-a-service (SaaS) platform that meshes unified search, analytics, and machine learning to unlock insights contained within big data for businesses, has raised $227 million in a round of funding led by Omers, with participation from Evergreen Coast Capital, FSTQ, and IQ, among others.The company didn’t reveal its current valuation, except to say it’s now a “unicorn” (valued at over $1 billion), so the figure is likely at least 3 times more than its $370 million valuation last year.Moreover, Coveo revealed that Omers and other existing shareholders now own 15.5% of the company.Founded out of Quebec, Canada in 2005, Coveo can connect to data from myriad sources, including cloud storage services — Gmail, Lithium, Microsoft Dynamics, Salesforce, Twitter, Zendesk, and YouTube — to help companies index all their content so it’s searchable from a single interface.Moreover, the technology allows online businesses, such as ecommerce platforms, to tailor their stores by combining visitor data with data from their existing databases, which can mean better personalized recommendations — less churn and more profit.Elsewhere, Coveo can help companies improve search through their own intranets and internal applications.
Private equity firms Francisco Partners and Elliott Management have today finalised a deal to acquire Dell Software Group, as the parent company Dell focuses on its multibillion-dollar acquisition of EMC.The acquisition will transfer Dell Software's security, systems and information management, and data analytics solutions to the two firms, including Dell's Quest Software and SonicWALL.Barclays and Citigroup acted as lead financial advisors and Shearman & Sterling, Kirkland & Ellis, and Gibson Dunn as legal advisors to Francisco Partners and Evergreen Coast Capital.Goldman, Sachs & Co. acted as exclusive financial advisor and Simpson, Thacher & Bartlett LLP acted as legal advisors to Dell Inc.Dipanjan Deb, Francisco Partners' CEO said: "Quest Software and SonicWALL provide mission-critical software to a large and loyal base of over 180,000 customers, and we see significant opportunity to build upon the company's impressive technology and product portfolio."Jesse Cohn, Senior Portfolio Manager at Elliott Management.