HiBob, the company that developed Bob, the market-leading worldwide Human Capital Management (HCM) platform, recently announced the acquisition of Mosaic, a cloud-based Financial Planning and Analysis (FP&A) platform, subject to closing conditions. This acquisition allows HiBob to offer the first all-in-one solution for mid-sized companies to understand and improve the productivity and impact of their employees.
This deal is part of HiBob’s commitment to leading innovation in the mid-market sector by offering personalized solutions that address the specific demands of expanding businesses.
Mid-sized businesses face increasing pressure to align financial planning with workforce strategy and forecast the impact of investments on business performance. By integrating HiBob’s powerful people management platform with Mosaic’s cutting-edge FP&A capabilities, organizations will gain real-time insights into how workforce productivity and employee engagement drive business outcomes, increasing efficiency, reducing cost, and fostering stronger alignment between HR and Finance teams for better cross-departmental decision-making.
Commenting on the acquisition, Ronni Zehavi, CEO of HiBob, said:
At HiBob, we’ve always believed that putting people first is how you put business first. By embedding Mosaic’s planning expertise in our platform, we’re introducing a fully integrated HR and financial planning solution that builds on our existing workforce planning, compensation management, payroll, and analytics offerings. This new, integrated offering will help CFOs embrace a modern, people-first approach to managing their business, turning their workforce from a line item in their P&L into a strategic growth driver. It marks an exciting step forward in bridging financial performance with human impact, giving managers and executives the visibility and tools they need to maximize their greatest asset: their people.
HiBob will focus on maximizing product synergy between Mosaic and Bob, working to deepen the existing integration between the solutions and embed Mosaic’s planning capabilities into Bob to deliver maximum value. Its existing customers will continue to be fully supported throughout the transition.
Bijan Moallemi, CEO of Mosaic, also sttaed:
Mosaic was built on the vision of transforming financial planning into a more dynamic, forward-looking process that enables strategic decision-making. Joining forces with HiBob enables us to extend that vision to the people side of the business. Together, we’re giving people-first CFOs, CHROs, and CEOs the tools they need to lead confidently and clearly in an increasingly complex business environment.
HiBob is at the forefront of HR innovation, redefining how firms operate in the modern workplace with its award-winning HCM ‘Bob’. Its modular architecture meets the needs of global corporations wanting flexible technology and strong analytics to support operations across scattered workforces in an ever-changing economic and workplace scenario. More than 4,400 global enterprises serving over one million employees, including Uala, The Josh Bersin Company, Fiverr, The&Partnership, and VaynerMedia, value its ease of use, high configurability, and ability to adjust based on company needs. The platform’s consumer-grade user interface demonstrates its high adaptability and focuses on people interaction and community formation, allowing for fast access to HR operations while encouraging engagement.
