Paycor HCM, a leading provider of human capital management (HCM) software, has recently announced the acquisition of Verb, an Austin-based people development platform incorporating behavioural science and proprietary microlearning content to create best-in-class workplace training. However, the financial terms of the deal were not disclosed.
With this acquisition, Paycor will support organizations with their top priority of empowering leaders to develop winning teams.
Paycor provides a human capital management (HCM) platform that modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention. Headquartered in Cincinnati, Ohio, the startup delivers deep product functionality, standard integrations, and certified expertise in sales and service to meet the needs of industries and organizations. It currently serves more than 30,000 customers.
Speaking about the acquisition, Chief Strategy Officer of Paycor, Swati Garodia, said:
We look forward to welcoming the talented and passionate Verb team to the Paycor family. With ongoing talent shortages and the accelerating pace of change, it is critical for companies, large and small, to invest in upskilling their internal teams and frontline leaders. With the acquisition of Verb, we will provide our customers with the most engaging, results-oriented, and personalized learning solution on the market.
Post the deal, Paycor plans to fully integrate Verb into its HCM platform and accelerate the development of Paycor Paths, a new product designed to help organizations inspire positive and sustainable behaviour change within their frontline leaders through a series of personalized development journeys. As part of Paths, Verb will enable Paycor’s customers to deliver personalized and effective employee learning experiences at scale.
Chief Executive Officer of Verb, Suzi Sosa, added: We’ve built an incredible learning platform.
We’re thrilled to join forces with Paycor to bring it to millions of frontline leaders. Our action-based learning helps employees and managers develop the soft skills they need to succeed. By combining Verb with Paycor Paths, we will help companies create a culture of continuous learning and development while also showing clear ROI on training. Paycor is the ideal partner to help us achieve the impact we’ve always wanted.
Founded by Suzi Sosa, Verb is built to upskill and develop managers and their frontline teams quickly. The firm has a library of more than 100 hours of proprietary, bite-sized soft skills content that addresses various talent development needs. The platform enables HR and Learning & Development leaders to choose between pre-built, ready-to-launch learning programs or to develop a custom learning program, such as manager training, leadership development, employee onboarding and DE&I training.
Last October, Paycor acquired Talenya, a cutting-edge, AI-driven recruiting platform that automatically sources quality talent faster and at a significantly lower cost.