Palo Alto – August 15, 2023 – Woodside Capital Partners (WCP) is pleased to share our HR Tech Q2 2023 Update, authored by Managing Director Ron Heller and Senior Analyst Alex Casey.
Key takeaways from the report:
- M&A: Remained active with 46 transactions in Q2, which represented a small uptick from 40 in Q1. This level, however, remains below 2022, when ~60 transactions per quarter were announced. Active sectors include Employee Engagement, Recruiting, Employee Well-Being, L&D, and HCM.
- Financing: VC activity, which has steadily dropped over the last several quarters, fell precipitously in Q2 to 52 financings vs. 226 in Q1. Companies needing to finance later this year are likely to face a challenging market.
- Macro: With inflation declining, the Fed’s increases in interest rates may be nearly over. This, combined with economic growth that is good, but not too good, has increased optimism that a recession may not occur this year.
- Major HR Tech Dynamics:
— Generative AI (affects many areas of HR Tech)
— Automation (especially in recruiting)
— Data Integration across Disparate Systems (across disparate systems of record)
— Hybrid Support (remote and in-office)
— Upskilling/Learning & Development
— Diversity, Equality and Inclusion (DEI)
— Contractor/Gig Employee Systems
— Internal Talent Marketplaces
— Employee Engagement
You can access the full report here:
Woodside Capital Partners is one of the leading corporate finance advisory firms for tech companies in M&A and financings in the $30M –$500M segment. The firm has worked with some of the best entrepreneurs and investors since 2001, providing ultra-personalized service to select clients. Our team has global vision and reach, and has completed hundreds of successful engagements. We have deep industry knowledge and extensive domain experience in the following sectors: Autonomous Vehicles and ADAS, Computer Vision, Artificial Intelligence, CloudTech, Enterprise Software, Information Security, Digital Entertainment & Lifestyle, Health Tech, Internet of Things, Networking / Infrastructure, Robotics, Semiconductors, Batteries, and Energy Storage. Woodside Capital Partners is a specialist in cross-border transactions, with extensive relationships among venture capitalists, private equity investors, and corporate executives from global 1000 companies.
Questions? Contact Ron Heller, Senior Managing Director, Woodside Capital Partners at [email protected].
Industry Report: HR Tech Q2 2023 Update
Palo Alto – August 15, 2023 – Woodside Capital Partners (WCP) is pleased to share our HR Tech Q2 2023 Update, authored by Managing Director Ron Heller and Senior Analyst Alex Casey.
Key takeaways from the report:
- M&A: Remained active with 46 transactions in Q2, which represented a small uptick from 40 in Q1. This level, however, remains below 2022, when ~60 transactions per quarter were announced. Active sectors include Employee Engagement, Recruiting, Employee Well-Being, L&D, and HCM.
- Financing: VC activity, which has steadily dropped over the last several quarters, fell precipitously in Q2 to 52 financings vs. 226 in Q1. Companies needing to finance later this year are likely to face a challenging market.
- Macro: With inflation declining, the Fed’s increases in interest rates may be nearly over. This, combined with economic growth that is good, but not too good, has increased optimism that a recession may not occur this year.
- Major HR Tech Dynamics:
— Generative AI (affects many areas of HR Tech)
— Automation (especially in recruiting)
— Data Integration across Disparate Systems (across disparate systems of record)
— Hybrid Support (remote and in-office)
— Upskilling/Learning & Development
— Diversity, Equality and Inclusion (DEI)
— Contractor/Gig Employee Systems
— Internal Talent Marketplaces
— Employee Engagement
You can access the full report here:
Woodside Capital Partners is one of the leading corporate finance advisory firms for tech companies in M&A and financings in the $30M –$500M segment. The firm has worked with some of the best entrepreneurs and investors since 2001, providing ultra-personalized service to select clients. Our team has global vision and reach, and has completed hundreds of successful engagements. We have deep industry knowledge and extensive domain experience in the following sectors: Autonomous Vehicles and ADAS, Computer Vision, Artificial Intelligence, CloudTech, Enterprise Software, Information Security, Digital Entertainment & Lifestyle, Health Tech, Internet of Things, Networking / Infrastructure, Robotics, Semiconductors, Batteries, and Energy Storage. Woodside Capital Partners is a specialist in cross-border transactions, with extensive relationships among venture capitalists, private equity investors, and corporate executives from global 1000 companies.
Questions? Contact Ron Heller, Senior Managing Director, Woodside Capital Partners at [email protected].
Industry Report: HR Tech Q2 2023 Update
Palo Alto – August 15, 2023 – Woodside Capital Partners (WCP) is pleased to share our HR Tech Q2 2023 Update, authored by Managing Director Ron Heller and Senior Analyst Alex Casey.
Key takeaways from the report:
- M&A: Remained active with 46 transactions in Q2, which represented a small uptick from 40 in Q1. This level, however, remains below 2022, when ~60 transactions per quarter were announced. Active sectors include Employee Engagement, Recruiting, Employee Well-Being, L&D, and HCM.
- Financing: VC activity, which has steadily dropped over the last several quarters, fell precipitously in Q2 to 52 financings vs. 226 in Q1. Companies needing to finance later this year are likely to face a challenging market.
- Macro: With inflation declining, the Fed’s increases in interest rates may be nearly over. This, combined with economic growth that is good, but not too good, has increased optimism that a recession may not occur this year.
- Major HR Tech Dynamics:
— Generative AI (affects many areas of HR Tech)
— Automation (especially in recruiting)
— Data Integration across Disparate Systems (across disparate systems of record)
— Hybrid Support (remote and in-office)
— Upskilling/Learning & Development
— Diversity, Equality and Inclusion (DEI)
— Contractor/Gig Employee Systems
— Internal Talent Marketplaces
— Employee Engagement
You can access the full report here:
Woodside Capital Partners is one of the leading corporate finance advisory firms for tech companies in M&A and financings in the $30M –$500M segment. The firm has worked with some of the best entrepreneurs and investors since 2001, providing ultra-personalized service to select clients. Our team has global vision and reach, and has completed hundreds of successful engagements. We have deep industry knowledge and extensive domain experience in the following sectors: Autonomous Vehicles and ADAS, Computer Vision, Artificial Intelligence, CloudTech, Enterprise Software, Information Security, Digital Entertainment & Lifestyle, Health Tech, Internet of Things, Networking / Infrastructure, Robotics, Semiconductors, Batteries, and Energy Storage. Woodside Capital Partners is a specialist in cross-border transactions, with extensive relationships among venture capitalists, private equity investors, and corporate executives from global 1000 companies.
Questions? Contact Ron Heller, Senior Managing Director, Woodside Capital Partners at [email protected].