Ultimate Software以110亿美元的现金交易私有化
据Ultimate Software2月4日官方宣布，Ultimate Software Group表示同意由Hellman＆Friedman Capital Partners领导的投资集团以约110亿美元的价格收购。
该公司在声明中表示：根据协议条款，所有终极股东将在交易完成时持有每股Ultimate股票的331.50美元现金。在截至2019年2月1日的30个交易日内，此价格比Ultimate的成交量加权平均价格溢价约32％，并且比Ultimate的历史最高收盘价溢价。Ultimate的董事会一致批准了这项交易，并建议股东投票支持该交易。
交易完成后，Ultimate将继续在首席执行官Scott Scherr和现有高级管理团队的领导下运作。这家私营公司将由Hellman＆Friedman领导的投资集团拥有，该投资集团将与重要投资者Blackstone，GIC和加拿大养老金计划投资委员会（CPPIB）以及其他投资者（包括JMI Equity）合作。
“该交易为我们的股东提供了大量溢价。我们的决定也是出于我们5,144名员工的最佳利益和超过5,600名客户的利益。这一变化将为我们的员工和客户带来有意义的利益，无论是长期还是短期。由于我们所有的员工在加入我们时都获得了Ultimate的股权，作为股东，这笔交易将为他们带来直接的财务上升空间。今天的公告还将允许我们对我们的产品和服务进行额外的，谨慎的投资，以更好地为我们的客户服务，”Ultimate的首席执行官、总裁兼创始人Scott Scherr说。
“我们的客户将受益于我们将新功能和服务更快地推向市场的能力，同时仍然享受与今天或更好的终极服务相同的高水平服务，以及我们产品的新创新。Hherman＆Friedman完全符合我们为全球人力资源市场服务的愿景，同时保留了我们独特的公司文化和使命，”Scherr说。
近29年来，Ultimate一直专注于通过领先的人力资源和薪资管理解决方案帮助企业改善员工的体验，近年来，通过全面的人力资本管理套件，截至2018年底，Ultimate的总收入超过11亿美元，该公司目前为全球超过5,600家公司提供服务，云中有超过4800万人的记录。
交易完成后，Ultimate将继续在全球范围内开发、营销、交付和服务其人力资本管理和员工体验解决方案套件，包括人力资源、薪资管理、福利管理、人才获取、人才管理、员工管理、员工情绪分析和人力资源服务交付。
“Ultimate在人力资本管理领域的市场领导地位，以及公司令人印象深刻的增长记录，都建立在其软件的卓越品质及其充满活力和积极性的员工的基础之上。Hellman＆Friedman的合伙人David Tunnell表示，公司深刻理解人力资本管理的本质，凭借其出色的使命驱动文化，获得了众多最佳工作场所奖项。“我们期待着与Ultimate的成功合作，与我们的投资合作伙伴：Blackstone，GIC，CPPIB和JMI Equity合作。”
Blackstone高级董事总经理Martin Brand补充道，“我们很高兴与Ultimate和这位投资者合作该集团将支持这家卓越公司的强劲增长和文化。”
该交易预计将于2019年中期完成，但须经股东批准和其他惯例成交条件（包括监管部门批准）。
分析师评论
作为在人力资源技术史上最大的交易之一，Ultimate Software同意以110亿美元的价格被一家私人股本集团收购。此举将使这家基于云计算的人力资本管理公司得以暂时摆脱华尔街的压力。
Constellation Research首席分析师穆勒(Holger Mueller)说，考虑到Ultimate似乎在蓬勃发展，并实现了稳定的同比增长，2月4日的声明令人意外。“通常情况下，私人股本投资者会收购陷入困境的公司或转型中的公司，但Ultimate做得非常好。”
这家成立29年的人力资本管理公司，提供包括工资、福利管理和人才获取在内的一系列工具，在160个国家拥有5000多名客户，在2018年实现了11亿美元的营收，高于2017年的9.4亿美元。它在中型企业中占据市场主导地位，并一直在扩大客户基础，以支持规模更大的全球企业，这使得它在与Workday、ADP和其他行业领军企业的竞争中越来越有竞争力。
现在的问题是这次收购将对公司的长期业务前景产生什么影响。
在170亿美元的人力资本管理和薪酬软件市场，Ultimate Software是仅次于Workday Inc.的增长第二快的软件供应商。
"我的直觉反应是，对于员工和客户来说，这可能是一个非常好的举措，" LaRocque LLC创始人兼首席HCM市场分析师George LaRocque表示。他说，该公司已经以进行重大研发投资而闻名，现在它不会被迫向公众股东提供季度回报，它将有更多时间和空间专注于长期战略。
他也不希望有太多的摩擦。作为协议的一部分，几乎可以肯定的是，领导团队将至少在短期内留下来。
而且，由于该公司以员工为中心的企业文化而闻名，员工不太可能因为收购而逃离，即使是在兑现股票之后。股东将获得每股331.50美元，较当前股价有32%的溢价。
LaRocque称，"我们可能会在一两年内看到领导层的变动，但可以肯定的是，短期内不会有大的变动。"
曾领导这家私人股本集团的赫尔曼与弗里德曼公司(Hellman & Friedman)曾在2007年牵头以18亿美元将人力资源软件公司Kronos Inc.私有化，其创始人目前仍在运营这家公司。“它与Kronos的合作历史可能是Ultimate未来走向的一个标志，”LaRocque说。“公司运营良好，转型进展顺利。”
Mueller预测，客户可能还会留下来，部分原因是Ultimate具有吸引力的薪资工具。“人们总是在更换人才管理供应商，但没有人希望更换他们的薪资供应商，”他表示。“这使得它成为一种相对安全的投资。”
此外Mueller预计，Ultimate将利用此次收购来支持其持续的全球扩张。去年，该公司收购了总部位于法国的人力资源公司PeopleDoc，这在一定程度上推动了该公司的全球扩张。他说，扩大全球业务可以帮助该公司更快增长，并在三、四年内重新定位上市。
虽然人力资源技术领域的并购交易不断发生，但Mueller和LaRocque并不认为这是一种新的收购趋势。Mueller称，"没有其他像Ultimate这样有水准的公司能够私有化。"它的主要竞争对手之一Ceridian刚刚上市，ADP、甲骨文和SAP等公司规模太大，根本无法收购。
与此同时，Mueller鼓励当前和未来的客户关注Ultimate的路线图，以及收购后它计划在哪里投资研发资金。该公司以投资新开发项目而闻名，但这笔交易将如何影响这一趋势仍有待观察。
“知道你的供应商下一步要做什么总是一个好主意，”他说。这是判断他们今天所做的选择是否符合公司未来需求的最佳方式。
以上为AI翻译，内容仅供参考。
原文链接：Ultimate Software Announces Agreement to be Acquired by an Investor Group Led by Hellman & Friedman to Operate as a Privately Held Company
Ultimate Software Sells for $11 Billion
SAP
2019年02月08日
SAP
SAP 开启SAP.iO在旧金山的HRTech冬季孵化项目，将在未来3个月内加速全球7家人力资源技术初创企业的发展。
SAP SE (NYSE: SAP)今天宣布了SAP. io在旧金山2019年冬季项目的启动。作为计划的一部分，SAP将在未来3个月内加速全球7家人力资源技术初创企业的发展。
与SAP SuccessFactors management合作，这一消息将在旧金山SAP. io办公室的群组发布日发布。
这一新的群体包括正在开拓令人兴奋的人力资源新能力的初创企业，例如革新招聘的辅助智能、基于成人学习和游戏化科学的移动微学习、支持人工智能的师长匹配，以及用于提高团队绩效的基于行为科学的开发工具。被选中的初创公司将获得精心策划的指导，并接触SAP技术和应用程序编程接口(api)，并有机会与SAP客户合作，后者可以从他们的解决方案中获益。
旧金山的这批学生收到了100多名申请者，其中16家公司被邀请参加2018年11月的选拔日。七家初创企业被选中加入这一行列，其中五家企业的创始人是女性和少数族裔，这反映出SAP致力于多元化，并与SAP. io无国界项目(SAP. io No Boundaries initiative)保持一致，为代表性不足的创业者提供风险投资和孵化服务。
io董事总经理Ram Jambunathan说:“我们很高兴有机会和荣幸与这些令人惊叹的新生代人力资源生态系统的‘新星’合作，并通过发挥SAP的最佳能力来支持他们，因为他们正在构建为SAP客户提供高价值的创新解决方案。”
该队列包括以下初创公司:
Paradox:正在改变全球人才获取和候选人体验的辅助智能平台。该公司的旗舰产品Olivia使人才获取和人力资源专业人士能够专注于他们最擅长的工作，即人际互动，而Olivia则专注于经验、自动化和智能。
Censia:基于人工智能和机器学习的预测招聘解决方案，由世界上最大的专业数据平台之一提供支持，该平台可以自动识别和吸引最受需求的人才获得机会。
Sounding Board:领导力发展平台，提供可扩展的、个性化的培训，帮助企业培养下一代领导者。它将一流的培训与企业级技术和完善的培训方法相结合，以推动积极的业务成果。
Gnowbe:为商业影响而设计的移动微学习和参与解决方案，通过变革式学习革新企业教育——随时随地可用。它的一口大小的社会学习和游戏化鼓励积极参与和激发行为改变。
NextPlay:一款人工智能应用，可以帮助内部导师进行规模匹配、跟进和目标跟踪。该公司的聊天机器人将员工的职业发展个性化，帮助企业吸引、发展和留住更多样化的人才。
RallyBright:团队开发平台，通过为商业领袖提供可操作的、基于行为科学的团队优势和弱点洞察，提高团队绩效和活力。
Disco:实时反馈工具，旨在提高工作中的赞赏，加强组织的使命和价值观。它集成到人们在工作中使用的工具(Slack、微软团队等等)中，当员工超越自己，管理者可以在工作中传播积极情绪的同时查看详细的文化报告，这有助于庆祝。
Paradox: Assistive intelligence platform that is transforming global talent acquisition and the candidate experience. Its flagship product, Olivia, enables talent acquisition and HR professionals to focus on what they do best, human interaction — while Olivia focuses on experience, automation and intelligence.
Censia: Artificial intelligence and machine learning–based predictive recruiting solution powered by one of the largest professional data platforms in the world that automates the process of identifying and engaging the most in-demand talent for opportunities.
Sounding Board: Leadership development platform that offers scalable, personalized coaching to help enterprises grow their next generation of leaders. It combines best-in-class coaching with enterprise-grade technology and the Sound Coaching methodology to drive positive business outcomes.
Gnowbe: Mobile microlearning and engagement solution designed for business impact by revolutionizing corporate education through transformational learning — available anytime, anywhere. Its bite-sized social learning and gamification encourage active engagement and inspire behavior change.
NextPlay: Artificial intelligence app that facilitates internal mentorship matching at scale, follow-ups and goal tracking. Its chatbot personalizes employee career development to help companies attract, develop and retain more diverse talent.
RallyBright: Team development platform that improves team performance and dynamics by empowering business leaders with actionable, behavioral science–based insights into the strengths and vulnerabilities of their teams.
Disco: Real-time feedback tool designed to boost appreciation at work and reinforce organizational mission and values. Integrated into tools people use at work (Slack, Microsoft Teams and more), it helps celebrate when employees go above and beyond and enables managers to view detailed culture reports while spreading positivity at work.
SAP SuccessFactors产品全球负责人艾米•威尔逊(Amy Wilson)表示:“我们非常高兴地欢迎这个创新团队加入2019年旧金山冬季班。”“SAP热衷于推动技术进步，让人们在工作场所变得更人性化，而入选的令人印象深刻的初创企业，肯定会帮助人力资源和商业领袖以新颖和创新的方式解决当今一些最大的人力挑战。”
该项目将在2019年4月的演示日展示。
关于SAP.iO
io正在SAP生态系统中发展一代革命性的软件业务，支持有远见的企业家利用SAP数据、api和技术来构建产品、寻找客户和改变行业。io使用相同的独特资产来授权SAP内部的启动团队来改变企业的运行方式。有关更多信息，请访问http://sap.io/。
以上由HRTechAI 翻译完成，仅供传播信息使用。
SAP Kicks Off SAP.iO Foundry San Francisco for HR Tech Startups
SAN FRANCISCO — SAP SE (NYSE: SAP) today announced the launch of the SAP.iO Foundry San Francisco Winter 2019 Cohort. During the next three months, SAP will accelerate seven HR technology startups from across the globe as part of the program.
In collaboration with SAP SuccessFactors management, the announcement will be made at the Cohort Launch Day at the SAP.iO office in San Francisco.
The new cohort includes startups that are pioneering exciting new capabilities for human resources, such as assistive intelligence that revolutionizes recruiting, mobile microlearning based on the science of adult learning and gamification, artificial intelligence-enabled mentorship matching, and behavioral science–based development tools for improving team performance. The selected startups will have access to curated mentorship and exposure to SAP technology and application programming interfaces (APIs), as well as opportunities to collaborate with SAP customers who can benefit from their solutions.
The San Francisco cohort received more than 100 applicants, with 16 companies being invited to the program’s Selection Day in November 2018. Seven startups were selected to join the cohort, five of which have female and minority founders, reflecting SAP’s commitment to diversity and alignment with the SAP.iO No Boundaries initiative to offer venture capital and incubation to underrepresented entrepreneurs.
“We are excited at the opportunity and privilege to partner with these amazing ‘rising stars’ of the next-gen HR ecosystem, and to support them by bringing the best of SAP to bear, as they build innovative solutions that deliver high value to SAP customers,” said SAP.iO Managing Director Ram Jambunathan.
The cohort consists of the following startups:
Paradox: Assistive intelligence platform that is transforming global talent acquisition and the candidate experience. Its flagship product, Olivia, enables talent acquisition and HR professionals to focus on what they do best, human interaction — while Olivia focuses on experience, automation and intelligence.
Censia: Artificial intelligence and machine learning–based predictive recruiting solution powered by one of the largest professional data platforms in the world that automates the process of identifying and engaging the most in-demand talent for opportunities.
Sounding Board: Leadership development platform that offers scalable, personalized coaching to help enterprises grow their next generation of leaders. It combines best-in-class coaching with enterprise-grade technology and the Sound Coaching methodology to drive positive business outcomes.
Gnowbe: Mobile microlearning and engagement solution designed for business impact by revolutionizing corporate education through transformational learning — available anytime, anywhere. Its bite-sized social learning and gamification encourage active engagement and inspire behavior change.
NextPlay: Artificial intelligence app that facilitates internal mentorship matching at scale, follow-ups and goal tracking. Its chatbot personalizes employee career development to help companies attract, develop and retain more diverse talent.
RallyBright: Team development platform that improves team performance and dynamics by empowering business leaders with actionable, behavioral science–based insights into the strengths and vulnerabilities of their teams.
Disco: Real-time feedback tool designed to boost appreciation at work and reinforce organizational mission and values. Integrated into tools people use at work (Slack, Microsoft Teams and more), it helps celebrate when employees go above and beyond and enables managers to view detailed culture reports while spreading positivity at work.
“We’re excited to welcome this innovative group to the San Francisco Winter 2019 Cohort,” said SAP SuccessFactors Global Head of Product Amy Wilson. “SAP is passionate about advancing technology that enables humans to be more human in the workplace, and the impressive startups selected will certainly help HR and business leaders solve some of today’s biggest people challenges in fresh and innovative ways.”
The program will culminate at the Cohort Demo Day in April 2019.
For more information, visit the SAP SuccessFactors solutions website and the SAP News Center. Follow SAP on Twitter at @SuccessFactors and @sapnews.
About SAP.iO
SAP.iO is growing a generation of revolutionary software businesses in the SAP ecosystem and supports visionary entrepreneurs leveraging SAP data, APIs and technologies to build products, find customers and change industries. SAP.iO uses the same unique assets to empower startup teams within SAP to transform the way businesses are run. For more information, visit http://sap.io/.
About SAP
As the cloud company powered by SAP HANA, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 425,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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