HR and payroll software company Paylocity has agreed to acquire corporate spend startup Airbase for $ 325 million, the companies announced Wednesday. The deal is subject to regulatory approval and is expected to close in the first or second quarter of Paylocity’s fiscal year, which would be sometime in the next 30 to 60 days. […]
DEI backlash: Stay up-to-date on the latest legal and corporate challenges
The Great Rollback is here. The phrase refers to Big Tech starting to slash some of the diversity, equity and inclusion (DEI) programs that were implemented shortly after the murder of George Floyd. Most recently, Zoom announced that it laid off its DEI team. Google and Meta have started to defund their DEI programs, and […]
HYBE Labels Makes History As The First Entertainment Company Named A Major Corporate Group
This article is part of our coverage of HYBE vs. ADOR CEO Min Hee Jin. You can read more and view the entire timeline here. Despite the ongoing fiasco between HYBE Labels and ADOR CEO Min Hee Jin, the former has been officially named a major corporate group in South Korea, the first for an entertainment company. | […]
Accel leads $4M investment in Egyptian corporate cards platform Swypex
Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This surge in card usage, about 14% in the last four years, is primarily due to the incentives introduced by fintech companies and banks, attracting millions of Egyptian consumers who […]
Modal raises $25M to train corporate workers on data and AI
A few years ago, Darren Shimkus, ex-president of Udemy, had a conversation with Dennis Yang about skills building. Shimkus was of the belief that building skills in the corporate sector was a difficult, but not intractable, challenge — one that could perhaps be solved with the right technology. He brought it up to Yang, who […]