Live · HCM industry wire

What's New
in mid-market HCM.

Vendor product launches, M&A, funding rounds, earnings updates, and compliance shifts — every entry tagged, sourced, and annotated with a buyer-side takeaway.

📡 RSS feed
AI · Use Case May 19, 2026

Inside ADP’s Marketplace AI Agents — how Praisidio turns Workforce Now data into a retention conversation

ADP launched a curated AI Agents destination in Marketplace on March 2, 2026. 11 partner agents at launch. Here’s how one of them — Praisidio — actually works on top of Workforce Now data, and why it changes the AI conversation against Paycom and Rippling.

Read the note →
M&A May 19, 2026

Five HR tech acquisitions in five months — the 2026 consolidation wave is reshaping mid-market HCM

Payoneer/Boundless and Remote/Atlas both closed on January 20, 2026. Three more deals landed by spring. The pattern is clear — AI-native targets, EOR and global-employment plays, and skills/learning tools converting data into action.

Read the note →
AI · Product Launch February 26, 2026

Paychex launches agentic AI across Flex and Paycor — 500+ AI features deployed

The first product-level integration deliverable from the Paycor acquisition. Flex shell stays conservative, but the AI layer is now moving at Paycom/Rippling cadence.

Read the note →
AI · Product Launch March 15, 2026

Rippling AI launches with permission-aware natural language layer

A natural-language query/action layer spanning HR, IT, and finance — plus Automated Compliance for SOC 2. Confirm at quote time whether AI is bundled or upsold.

Read the note →
Legal February 20, 2026

Rippling-Deel RICO claims survive — DOJ opens criminal investigation into Deel

A federal judge let RICO and trade-secret claims proceed. The DOJ has opened a criminal investigation. Vendor-stability risk on the Deel side has increased materially.

Read the note →
Earnings February 4, 2026

Paycom Q4 2025: 91% retention, 70%+ on BETI — but growth resets to 6–7%

The BETI cannibalization story that crashed the stock in 2023 appears resolved on the customer base. The growth profile has reset permanently lower.

Read the note →
Earnings March 25, 2026

Paychex Q3 FY26: revenue +20%, Paycor contributing 19pts of growth

Cost synergies now tracking to $100M vs. an $80M target. Cross-sell of Paychex PEO into Paycor accounts is starting to land.

Read the note →
Analyst December 10, 2025

Forrester names ADP, Workday, SAP SuccessFactors Leaders in Q4 2025 HCM Wave

ADP highlighting WFN as 2026 "core system of record" for mid-market. Paycor in Contenders post-acquisition. Rippling not included.

Read the note →
Compliance November 15, 2025

2026 ACA affordability threshold rises to 9.96% — rerun your Safe Harbor math

Third consecutive year of upward movement after the 2024 plunge to 8.39%. Most platforms update automatically — but a few cases this year needed manual override.

Read the note →
AI · Product Launch September 3, 2025

ADP unveils Assist AI at Innovation Day 2025 — WFN as showcase platform

Five AI agents across payroll-anomaly detection, workforce trends, compliance, learning paths, and analytics. Early adopters report ~30 min saved per payroll cycle.

Read the note →
AI · Product Launch July 29, 2025

Paycom launches IWant — voice/text command AI for HRIS

Single-database architecture is the AI moat story. Voice or text prompts pull from one data layer — no LLM-over-integrations friction.

Read the note →
Funding May 9, 2025

Rippling raises $450M at $16.8B valuation in Series G

GIC, Goldman, Baillie Gifford led. $200M employee tender. CEO Parker Conrad says IPO is not near-term. Pricing leverage has hardened.

Read the note →
M&A April 14, 2025

Paychex closes $4.1B Paycor acquisition — both platforms staying separate

The largest mid-market HCM M&A event of the decade. Paychex is keeping both products in market with separate sales motions. The buyer question is now: Flex or Paycor?

Read the note →
Product Launch September 23, 2024

ADP launches Lyric HCM — flexible enterprise platform above WFN

Lyric sits above WFN for 1,000+ employee orgs with global footprints (75+ countries at launch). Vantage HCM is being positioned as a sunset path.

Read the note →

Get the wire in your inbox.

Same content as the page — delivered weekly when there's something worth shipping. No fluff.

Subscribe