It’s gloves off in one of the more tense rivalries in the world of startups. HR company Rippling Monday morning announced a lawsuit against Deel, another big player in the same space. The dramatic 50-page complaint alleges racketeering, misappropriation of trade secrets, tortious interference, unfair competition, and aiding and abetting a breach of fiduciary duty. […]
Deel acquires Hofy to build its own IT device management service
Fast-growing payroll provider Deel is making a sizable acquisition, its third this year. Deel announced on Thursday that it acquired Hofy, a London-based company that delivers and helps manage office equipment for remote hires. Financial terms weren’t disclosed, but a source familiar with the matter told TechCrunch that the deal was worth over $ 100 […]
Rippling bans former employees who work at competitors like Deel and Workday from its tender offer stock sale
Investor demand has been so strong for shares of hot HR startup Rippling – over $ 2 billion worth of term sheets, it says – that it is allowing former employees to also participate in its giant, tender offer sale, the company told TechCrunch. But there is one big exception: it has banned former employees […]