More than 450 HR technology vendors gathered in Las Vegas for the annual Human Resource Executive's HRTech Conference.

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ERGO Comps, LLC
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The HR Technology Conference & Expo Recap
Recap of the Human Resource Executive HR Technology Conference & Exposition
held September 11th
‐14th
2018 at the The Venetian Hotel, Las Vegas Nevada.
Thousands attended the 21st
HR Technology Conference in Las Vegas last week
to learn about new HR technology, hear the latest roadmap updates, and have
the opportunity to network with others focused on leveraging HR technology.
About the Conference. HR Tech is the world’s leading independent event on HR
technology. It’s the one event where attendees can find unbiased educational
sessions delivered by industry thought leaders and seasoned practitioners on
the entire HR tech landscape, as well as how to successfully buy and implement
technology.
The 2018 program offered more than 70 sessions organized into these tracks:
 AI in HR
 CHRO
 HR Transformation
 Market Landscape
 Market Visionaries
 Project Success
 Research Insights
 Talent Acquisition
 Talent Management
 Technical Success
 Workplace Innovation
Read more about the conference @HRTechConf and/or #HRTechConf Twitter

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ERGO Comps, LLC
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Recap of the #HRTech18 Vendor Expo
Up from approximately 400 in 2017 the 2018 HRTechnology vendor expo hall
featured more than 450 HR technology vendors across a dozen different
industry products and solutions beyond AI.
Link to HR Technology Conference Exhibitor List
For more HRtech insights see also
 Future dates for the 2019 and beyond HR Technology Conference
 Recap posts from HRE, Human Resource Executive
 How HR can drive digital transformation as a true “HR Business Partner”
 The Bersin report coming in Q4 2018 about HR in the flow of work, from Josh Bersin,
@Josh_Bersin
 LaRqoue #HRWins funding report, @GLaroque
 Workology Blog on the Art and Science of Work : How HR buys HRtech
 HRTech twitter recap from HRmarketer : #SHRM18 recap told through tweets
 Sierra‐Cedar HR Systems Survey Report, @SierraCedar
 DigitalHRtech blog, @DigitalHRtech

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ERGO Comps, LLC
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HR Technology & HCM Deals 2018 year‐to‐date commentary /
 Valuations remain flat for HR services while HR tech valuations are highly dependant
upon the quality of the platform and the underlying company economics.
 On pace for more than a $1B funded globally to HRtech, with more than $250m funded
to 84 HRtech companies with USA HQ in the first half 2018.
 1 notable IPO in April 2018 –Ceridian HCM Holdings Inc (TSX:CDAY, NYSE:CDAY) ‐ Tech
company Ceridian raises $462 million through IPO.
 More than 40 2018 year‐to‐date HRTech and related HCM acquisitions.
 M&A deals driven by holding companies and the following acquisition consolidation
strategies:
o Acquisition of TPAs by payroll and HROs
o Acquisition of HR Consulting firms by Payroll and Insurance
o Consolidation of payroll and staffing to create industry leaders
o Shortage of certified HR technical and system implementation professionals
HCM & HRTech 2018 Deals with Price Multiples
The following list of M&A is for illustrative purposes only. A list of deal comparables for your
company available upon request.
2018 – Vettery acquired by The Adecco Group. Staffing & HR talent management company
acquired for $100M.
2018 – Hcareers acquired by Virgil for $16.5m Hospitality career job board acquired by Career
development and transition firm.
2018 – CEB Talent Assessment acquired by Exponent Private Equity. HR Assessment solutions.
Acquired for $400m via LBO.
2018 – CultureIQ (Parker Gale) acquires CEB’s Workforce Surveys & Analytics (WS&A) division,
which is being divested from Gartner. WS&A will be acquired from Gartner with the financial
support of technology‐focused private equity firm Parker Gale Capital. Pending.
2018 – Adaptive Insights acquired by Workday (NYSE: WDAY). Analytics for business planning
acquired for $1.6B.
2018 – Glassdoor acquired by Recruit Holdings. Acquired for $1.2B in cash.
2018 – Asure Software (NASD: ASUR) ) closes on acqusition of Telepayroll, Pay Systems , Savers
TPA, USA Payroll. ISystems for $31m1
,
2018 – Equatex acquired by Computershare. Provider of compensation plan services acquired for
$354.4M euros.
2018 – Ultimate Software (4100 customers, 38 m lives, 9.2k ee lives per customer average is acquiring French
PeopleDoc ($50m raised, 1k customers, 4m ee lives) for $300m in cash and stock with $75m upfront, $50m 1
year later, and $175 in stock).
April 2018 – Peoplefluent acquired by Learning Technologies Group. HR Talent management solutions
acquired by eLearning company for $150M.
Additional deal resources available at
 HRTech Capital Funding from #HRWins Larocque
 Workology history of HR tech acquisitions 2004 to 2016
 CB Insights HRTech news
1 all time more than 18+ acqusitions: Mangrove for $17.3M

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ERGO Comps, LLC
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Top HR Technology Sourcing Analysts by followers
William Tincup, RecruitingDaily (5 EE) , @williamtincup 289k followers
R Ray Wang, Constellation Research (20 EE), @rwang0, 119k followers
Jennifer McClure, UnbridledTalent (1 EE), @JenniferMcClure, 56k followers
Josh Bersin, JoshBersin, formerly Founder of Bersin by Deloitte, @josh_bersin, 50k
followers
Trish McFarlane, H3 HR Advisors, HRHappyHour, HRringleader, @TrishMcFarlane 43k
followers
Holger Mueller, Constellation Research (20 EE),, @holgermu, 39k followers
Tim Sackett, FistfulofTalent, HRU Technical Resources, @Timsackett, 36k followers
Mark Stelzner, IA (15 EE), @stelzner 25k followers
John Sumser, HRExaminer, @JohnSumser, 29k followers
Jason Averbook, Leapgen (14 EE), @jasonaverbook 25k followers
China Gorman, Unleash (formerly HR Tech World), HRCI, Workforce Institute,
@ChinaGorman, 19k followers
Lars Schmidt, HR Open Source, AmplifyTalent (2 EE), @lars 19k followers
Ben Eubanks, Lighthouse Research (1 EE), UpstartHR (1 EE), @beneubanks, 17k
followers | Competencies: HRtech AI, | Austin TX HQ
Lance Haun, The Starr Conspiracy 50 EE), @TheLance 16k followers
Yvette Cameron, FutureofWork, NextGenInsights.com, @YvetteCameron 7k followers
George Laroque, HRWins by LaRoque LLC, #HRWins, @GLarocque, 6k followers
Mollie Lombardi, Aptitude Research Partners (3 EE) | Boston MA HQ @mollielombardi
3k followers
Albert Pang, AppsRuntheWorld (50 EE), @AppsRuntheworld, 2k followers,
@AppsResearch 3k followers
Matt Lafata, HRchitect (40 EE), @MattLafata 2.6k followers

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ERGO Comps, LLC
O: 281.756.7178
www.ERGOcomps.com
RECAP SHRM 2018 Annual Conference
More than 20,000 attended the world’s largest HR conference for the 2018
annual SHRM Conference & Exposition held in Chicago last week (702 exhibitors
plus 17,000+ paid attendees).
A brief commentary on 2018 HR trends impacting HR tech:
 What’s hot? AI (HRTech AI examples), Chatbots (where to start with
chatbots), BI and Analytics, and Wellness, i.e. emerging HR solutions
which demonstrate significant impact to create better employees.
 What's missing? How to utilize all the existing HR solutions and tools
to make work better.
 The platforms continue to enjoy the economies of scale, and can
selectively acquire, make, build, or buy emerging tech and/or service
bureaus / consultants as desired.
Additional resources:
#SHRM18 Recap told through Tweets
SHRM18 Conference Vendor Expo Directory Recap
SHRM Vendor Directory
The HR Department of One Tech Stack: Solving the needs of the HR
Department of One: SHRM 2018 Top 5 Priorities for the HR Department
of One