Deel, an all-in-one HR solution and global payroll company, has recently announced the acquisition of German-based people enablement platform Zavvy. All of Zavvy’s team members are joining Deel. With the acquisition of Zavvy, HR leaders can run performance and compensation analysis for top performers, provide a library of AI-backed L&D courses, and create bespoke career paths and planning modules for their teams. These capabilities will be integrated into a new product suite called Deel Engage, costing $20 per user per month.
According to the company, Deel also announced that it is making Deel HR – previously accessible for up to 200 users – for any company of any size. For the first time in the industry, learning management, performance, HRIS, and compliance knowledge will be available from one company at one price.
Mehmet Yilmaz and Joshua Cornelius founded Zavvy in 2021, serving as a central hub for career development, performance management, and training programmes. One of Zavvy’s key differentiators is its embedded AI technology, which suggests ways for managers to measure team performance and build individualized career development plans. The Munich-based startup seeks to provide innovative companies with the tools to develop their workforce, create engagement, and remain competitive. The various components are closely connected, and People teams are saving time through automation and AI. Its customers include Moss, Primer, LoveBonito, and TypeForm.
Speaking on the deal, Co-founder & CEO of Zavvy, Mehmet Yilmaz, said:
We started Zavvy to help unlock people’s work potential. Joining Deel – the leading HR platform for tomorrow’s workforce – will significantly accelerate this mission. Both companies are passionate about driving innovation in the HR sector, focusing on hiring and nurturing great talent worldwide.
This is significant news for businesses seeking to manage a worldwide workforce. Typically, firms must integrate multiple HR and payroll systems and performance, benefits, equity, and other factors. With Zavvy integrated into Deel’s payroll and HRIS system, companies may save time on administration while increasing the efficiency and performance of their teams in a single global system of record. It offers an unequalled perspective of a company’s worldwide workforce at every stage of the employment journey.
Co-founder & CEO of Deel, Alex Bouaziz, stated:
Deel is about helping companies get the best out of their global teams. Zavvy’s AI technology is at the forefront of people management and talent development. It’s a perfect fit – our customers are looking for a one-stop shop for all things HR, and Zavvy’s people management tools now fill in that missing piece of our global HR offering.
Deel It helps companies simplify every aspect of managing an international workforce, from culture and onboarding to local payroll, compliance and people management. The platform owns 130+ country entities, manages in-house, in-country payroll teams, and offers Employer of Record, contractor, immigration and HRIS services worldwide. With this announcement, Deel becomes the first firm to provide a free HRIS product in addition to people management, employer-of-record and contractor hiring, worldwide payroll, compliance expertise, and in-house legal and immigration services.
