CONTRACTS & DEALS: 18-22 MARCH 2024

This week’s new contracts & deals include: Deel, PaySpace, Zavvy

• Global payroll and HR company Deel has acquired African-based payroll and HR company PaySpace for an undisclosed amount. PaySpace has more than 20 years of payroll technology experience, providing payroll engines and HR services in 44 countries across Europe, Latin America, Middle East and Africa.

This deal follows Deel’s recent announcement of its acquisition of Zavvy, a people-enablement platform. Zavvy offers a central hub that covers career development, performance management and training programmes.

FINANCIALS: ‘Stable’ first quarter for Adecco

Adecco has reported “stable” first-quarter revenues of €5.7m (£4.9m) today [7 May 2024], while experiencing a net negative effect of currency conversion and working days with a net negative impact.

Financials 7 May 2024

Socially Recruited buys TJS Education to help schools hire better

Socially Recruited, the AI-powered recruitment platform, has acquired the education recruitment consultancy TJS Education.

Contracts 7 May 2024

Ritu Mohanka joins global HR tech company from IBM

Global HR tech company VONQ has appointed Ritu Mohanka as CEO effective immediately.

People 7 May 2024

IBM survey finds UK business leaders expect 25% of workforce need to retrain

An IBM survey has found that a large number of UK respondents expect roughly 25% of the workforce would need retraining as a result of artificial intelligence (AI).

30 April 2024
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