Employment Hero Acquires Humi for $78 Million
Deal News | Jan 10, 2025 | Aim Group
Employment Hero, a global recruitment technology company, has acquired Canadian HR and payroll software company Humi for $112 million CAD ($78 million USD). This acquisition serves Employment Hero's strategy to enhance its presence in the North American market by leveraging Humi's established operations. Employment Hero provides a recruitment marketplace known as SmartMatch and a comprehensive AI-powered platform for recruiters to manage various HR functions. The acquisition allows Employment Hero to gain immediate access to the Canadian market, traditionally dominated by local firms. Humi, known for its integrated payroll, HR, and benefits services, will continue to operate independently from Canada. According to Humi CEO and co-founder Kevin Kliman, the deal will provide necessary resources to expedite growth and push innovation while maintaining a focus on Canadian SMEs.
Sectors
- HR Technology
- Recruitment
- Software
Geography
- Canada – Humi is a Canadian company and will continue to operate in Canada, focusing on the local market.
- North America – Employment Hero's acquisition of Humi is a strategic move to expand its presence in North America, indicating a significant geographic focus.
Industry
- HR Technology – The article involves Employment Hero and Humi, both of which operate within the HR and payroll technology sector, providing platforms that streamline HR operations.
- Recruitment – Employment Hero offers a recruitment marketplace, and its strategies revolve around enhancing recruitment efficiency, demonstrating relevance to the recruitment industry.
- Software – Both Employment Hero and Humi provide software solutions integral to HR and payroll functions, placing them solidly within the software industry.
Financials
- $78M – The acquisition deal value for Humi by Employment Hero.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Employment Hero | Buyer | Company | Global recruitment technology company acquiring Humi to expand its North American presence. |
| Humi | Target | Company | Canadian HR and payroll software company acquired by Employment Hero. |
| Kevin Kliman | CEO and co-founder | Person | CEO and co-founder of Humi, commenting on the acquisition's impact. |