Employment Hero, one of the country’s biggest software start-ups, is making its biggest acquisition yet, spending more than $112 million on smaller rival Humi.
The deal will allow the human resources software provider, which is valued at just below $2 billion, to enter Canada as it expands overseas. Like Employment Hero, Humi makes cloud-based software which handles hiring, payroll and employee benefits for small and mid-sized businesses.
Loading...
correction —
This article has been updated to more accurately reflect the price Employment Hero paid for Humi.
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
