HumanForce Expands with LiveHire Acquisition
Deal News | Dec 23, 2024 | Aim Group
HumanForce, an Australia-based provider of human capital management services, has announced the completion of its acquisition of LiveHire for AUD17.2 million. LiveHire is known for its recruitment and talent-pooling services. This marks HumanForce's fourth acquisition within two years, reflecting its strategy of enhancing its HCM suite to include workforce management, HR, payroll, and wellbeing services. The newly expanded suite will provide businesses with enhanced abilities to manage talent across diverse workforce pools such as internal, contingent, and gig workers. The acquisition is part of HumanForce's mission to improve workforce management for frontline and flexible workforces, leveraging LiveHire's AI-powered solutions to optimize hiring processes and improve labor market adaptability. Founded in 2002, HumanForce supports various industries including healthcare, retail, and local government, operating in several countries. The deal is backed by Accel-KKR, and no job impacts have been reported as yet.
Sectors
- Human Capital Management
- Recruitment Technology
Geography
- Australia – Both HumanForce and LiveHire are based in Australia, which is the primary geography for this acquisition.
- New Zealand – HumanForce has operations in New Zealand, and LiveHire has expanded its services here, making it an important geography for market activities.
- United Kingdom – LiveHire has expanded its services to the UK, making this geography relevant to the article.
Industry
- Human Capital Management – HumanForce operates in the human capital management industry, providing services related to workforce management, HR, payroll, and talent solutions.
- Recruitment Technology – LiveHire is part of the recruitment technology sector, offering AI-powered talent-pooling and applicant tracking systems.
Financials
- AUD17.2 million – The acquisition price for LiveHire by HumanForce.
Participants
Name | Role | Type | Description |
---|---|---|---|
HumanForce | Acquirer | Company | A provider of human capital management services specializing in workforce management, HR, payroll, wellbeing, and talent solutions. |
LiveHire | Target Company | Company | An Australia-based company offering recruitment CRM and AI-powered talent solutions. |
Accel-KKR | Supporter/Investor | Private Equity | A private equity firm supporting HumanForce's strategic growth and acquisitions. |
Clayton Pyne | CEO of HumanForce | Person | CEO of HumanForce, overseeing the company's strategic direction and recent acquisition activities. |
Joe Porten | Board Member at HumanForce | Person | Managing director at Accel-KKR and board member at HumanForce, involved in acquisition strategies. |