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WorkJam Announces Acquisition of Forge

MONTREALFeb. 19, 2020 /PRNewswire-PRWeb/ -- WorkJam, the leading digital workplace solutions provider, today announces the acquisition of Forge, an on-demand staffing platform enabling multiple industries. This is WorkJam's second acquisition of an innovative provider of Digital Workplace technology in the last 18 months as the company continues its accelerating momentum as the leading digital workplace for frontline employees.

Through the acquisition, WorkJam is deepening its investment in thought leadership in open shift marketplaces, flexible scheduling for employees, and schedule self-service for frontline workers and managers. By providing frontline employees and their managers a consolidated, centralized digital workplace platform, WorkJam's customers, a group of some of the most successful companies in the world with household brand recognition, achieve breakthrough productivity and cost savings from increased shift coverage, retention, labor utilization and optimized task execution.

Additionally, WorkJam is bringing more customers on the leading edge of frontline workforce management into the WorkJam customer community. These customers span across a variety of industries including retail, hospitality, logistics, healthcare, and restaurants, and will provide a playbook of innovation and change management on how to bring future of work solutions into business operations. Both WorkJam and Forge were named Cool Vendors in 2019 by Gartner — WorkJam in Human Capital Management: Transforming Talent to Drive the Digital Workplace and Forge in Retail for Excellent Execution of Customer Expectations.

Stacey Ferreira, CEO and co-founder of Forge, will join WorkJam as Director of Digital Workplace. A seasoned author, speaker, and entrepreneur in talent sharing technology, Ferreira brings a profound level of insight into how companies can empower their frontline employees with flexible scheduling and mobile resources in a single platform. Prior to founding Forge, Ferreira founded MySocialCloud, a password storage and SSO technology that was acquired by Reputation.com in 2013. She has also been recognized on Forbes 30 Under 30, co-authored best-selling book 2 Billion Under 20, and spoken at a number of prestigious events including TEDx, Singularity University, Inc. Women's Summit, among others.

"Forge's vision surrounding the future of work and employee autonomy aligns with our longstanding value of delivering productivity gains, cost savings and improved customer experience for employers while enabling frontline employees with the tools that foster engagement with their work," says Steven Kramer, CEO, president, and co-founder of WorkJam. "Together, WorkJam and Forge will continue to transform how companies are managing and engaging their frontline workforce."

"We're thrilled to join the WorkJam family and further advance the company's mission of unleashing the potential of the frontline workforce," says Ferreira. "We're especially drawn to WorkJam's customer-centric culture and passion for improving the lives of hourly employees. It's evident WorkJam is solving the same workforce challenges that we are, and joining forces was a natural fit."

WorkJam is a global, leading end-to-end solution that enables the digital workplace for large and mid-sized service organizations. The WorkJam Digital Workplace platform streamlines scheduling, communication, training, task management, and more into a unified ecosystem for employees across a wide range of industries, enabling companies with non-desk workers to achieve outsized operational improvements, foster collaboration, build their culture, and discover new ways of doing business.

Ferreira will speak on the future of work for hourly employees at a variety of events this year including ShopTalk 2020, Link2020: RILA Supply Chain, Future Forum Caucus, and ICSC's Hawaii Idea Exchange.

To learn more about WorkJam, please visit: https://www.workjam.com/

About WorkJam

The WorkJam Digital Workplace unleashes the potential of your enterprise workforce through agile scheduling, transformative communication, experiential learning, and tailored recognition. Available in over 28 languages & deployed in over 35 countries, WorkJam increases sales conversion & CSAT, drives down labor costs, lowers absenteeism and attrition rates, improves compliance and improves the customer experience through a more skilled, motivated and engaged workforce. For employees, WorkJam delivers more opportunity & control over their schedule, providing work-life balance, as well as the tools to develop skills, improve business acumen, and maximize their earnings to advance their economic well-being. Learn more at https://www.workjam.com/

About Forge

Forge Technologies is the leading Talent Sharing pioneer, whose technology provides a new model for companies to efficiently source, train, and schedule hourly employees while providing flexibility and work life balance. With 100+ clients served in the United States alone, Forge improves the way the world works. Visit us at https://www.joinforge.com.

Instant Teams Announces $1.5M Raise to Scale Remote Work Platform

Today, Instant Teams, a remote workforce supplier and management platform announced a $1.5M round of financing led by Squadra Ventures. The investment aims at funding the continued expansion of the Instant Teams supplied remote team members consolidate customer success, marketing, technology, and administrative functions and for further development of its proprietary remote workforce management platform.

“With the ability to rapidly spin up teams of pre-vetted, skilled professionals on-demand and integrate them into a customer team, Instant Teams has raised the bar for what executives should expect from their outsourced solutions,” said Guy Filippelli,  Managing Partner, Squadra Ventures. “What Liza and Erica have accomplished over the last three years has radically changed the access to and availability of professional opportunities for the 24% of active-duty military spouses who are unemployed. This is the kind of impact that changes lives, and we are all in.”

Liza Rodewald, CEO and Erica McMannes, COO, while stationed in Virginia and as military spouses and entrepreneurs respectively, saw the potential of the under-utilized and underemployed community around them. They sensed that spouses were waiting to be activated. With over 125% year over year growth since 2017, Instant Teams is set to transform how business leaders find and manage remote talent.

“Last year our remote team members contributed 40,000 hours of work to over 40 customers. We worked with massive corporations needing heightened support on two-week timelines to medium-sized businesses needing ongoing customer success resources,” said Rodewald. “Today we have 8000 Instant Teams certified remote team members ready for roles. For us, that’s what’s driving the future of work.”

Arti, the remote workforce management platform of Instant Teams, helps the hiring managers and executives with defining the required talent needs and timelines and matches pre-qualified, native English speaking team members to the project. With Arti, Instant Teams work with companies to efficiently define their hiring requirements, instantly source top candidates from a unique military-connected workforce, quickly and easily onboard, manage, and retain flexible teams.

With the market expansion and product development, Instant Teams will use the investment to bring their technology team in-house, add new executive leadership, and scale their sales outreach process. Squadra Ventures’ Filippelli will join the board of the Instant Teams.

CHG Healthcare Buys VMS-LocumsMart

CHG Healthcare, the second-largest healthcare staffing firm in the US, has acquired LocumsMart, a vendor-neutral locum tenens vendor management system. The deal was announced Wednesday; details were not disclosed.

Founded in 2008, LocumsMart has ongoing relationships with more than 2,000 hospitals and clinics and nearly 100 locum tenens agencies. The company is headquartered in Atlanta and has 25 employees.

“The acquisition of LocumsMart VMS enables CHG Healthcare to strengthen its delivery of  workforce solutions to its broad base of healthcare clients,” said Amy Chang, healthcare analyst at Staffing Industry Analysts. “As the nation’s largest locum tenens company, CHG is well-positioned to spur the continued adoption of workforce solutions in the physician staffing industry.”

LocumsMart will remain a standalone brand in the CHG family of companies.

Salt Lake City-headquartered CHG employs more than 3,000 people throughout the United States. Its five healthcare staffing companies — CompHealth, Weatherby Healthcare, Global Medical Staffing, RNnetwork, and Foundation Medical Staffing — place more than 15,000 providers worldwide, serving 28 million patients each year.

CHG also acquired Modio Health, a cloud-based credentialing and career management solution for healthcare providers and organizations, in 2019.

Codility raises $22 million Series A

Codility, a London-based tech recruitment platform, has raised a $22 million Series A led by Oxx and Kennet Partners. Bootstrapped since 2009, the company will use its first round of funding to continue strengthening engineering teams at high-growth companies such as Google, Microsoft, Tesla, Slack, and United Health.

“The best and brightest brands are expected to rapidly optimize and scale their products or services and, therefore, engineering teams, in a way that keeps pace with growth,” said Natalia Panowicz, CEO of Codility.

“The biggest bottleneck to achieving this lies in sourcing, screening, and interviewing. This is where Codility comes in. We allow businesses to deliver great experiences to the developer, the hiring team, and the candidates — ultimately increasing the overall engineering capacity,” she explained.

Codility’s assessment engine uses machine learning to assess technical ability at 360-degrees, helping hiring managers predict and match candidate potential to the scope of the role. With capabilities for code testing, live editing, training, and competition, the platform can measure performance, skill gaps, and speed on many levels.

Just last year, Codility helped 1,500 customers screen and interview over 455,000 candidates, a number that has been growing by 54 percent year over year. The company also grew their task library by 100 percent and achieved 10 times return on investment.

The UK company, which also has offices in Warsaw and San Francisco, plans to keep this trajectory with the substantial Series A investment.

Catalant Technologies Raises $35 Million in Series E

BOSTONJan. 22, 2020 /PRNewswire/ -- Catalant Technologies today announced the close of $35 million of additional funding from its Series E equity round and expansion of its existing debt facility to scale its product offering and expand into new global markets. Catalant is a leading provider of software that helps companies effectively manage strategy execution.

Goldfinch Partners led the round, with new investments from Anheuser-Busch InBev's ZX Ventures, Salesforce Ventures, and SJF Ventures. New investors were joined by follow-on investments from General Catalyst, Highland Capital, GE Ventures, Bob Doris of Accanto Partners, former Bain Capital Managing Director Mark Nunnelly, and Mark Cuban. The round brings Catalant's total equity and debt funding to more than $100 million.

"We're thrilled to lead this round of investment in Catalant," said Bill McNichols, Managing Partner and co-founder of Goldfinch Partners. "We invest in companies and founders who are changing the way the world works, and Catalant exemplifies that. No other software delivers the same level of visibility into work happening inside companies, the value driven by the work, who's actually doing the work, and whether the people doing the work are engaged and productive."

Catalant was founded in 2013 as an online marketplace for companies to find consultants quickly and easily. Since then, Catalant has globally rolled out software and services for work planning, resource management, and insights and reporting. The system, in its Resources module, facilitates access to more than 65,000 independent experts and 1,000 consulting firms in 127 countries around the world.

Global organizations typically partner with Catalant to accelerate and enable strategic plan execution, centers of excellence, enterprise portfolio management of transformation workstreams, organizational redesigns, post-merger integrations, and agile transformations.

"Catalant helps provide operational clarity and faster, more effective allocation of the right resources to critical work that helps us grow and better serve our customers," said David Almeida, Chief People and Transformation Officer of Anheuser-Busch InBev, an early Catalant customer who helped shape its strategic roadmap and product offerings.

"Catalant has been a trusted partner of our company and we're happy to back a company that is helping organizations around the world move quicker," said Bernardo Novick, Head of ZX Ventures, the global growth and innovation group of AB InBev.

"We're fortunate that our evolution has been driven by partnering with many of the world's biggest brands on some of their most defining, difficult work," said Pat Petitti, co-founder and co-CEO of Catalant.

Rob Biederman, Catalant co-founder and co-CEO, added, "These same customers investing in us validates our platform's impact on their business objectives. We're proud to have driven meaningful, long-term partnerships with very sophisticated corporate leaders."

In addition to Anheuser-Busch InBev and GE, 30 percent of the Fortune 100 use Catalant’s software platform to accelerate and deliver pivotal corporate initiatives.