Humi to be acquired by Employment Hero in $69.5 million deal
Employment Hero has acquired Humi in CAD$100 million+ ($69.5 million+) deal. UNLEASH gets the inside scoop from Kevin Fitzgerald, UK MD of Employment Hero.
As part of a $100 million+ global expansion move, HR software, payroll and benefits platform Employment Hero has acquired Humi, a Canadian employment platform.
The deal will enable Employment Hero to expand into the Canadian market, while providing thousands of SMEs with an unified platform for managing employment.
What’s more, the acquisition will combine Humi’s knowledge of the Canadian market and localized solutions for businesses with Employment Hero’s global innovation and Employment Operating System (eOS).
With the goal of becoming a leader of the employment management solutions for SMEs, the acquisition will provide Humi’s customers with access to an all-in-one platform for payroll, HR and benefits.
Speaking exclusively to UNLEASH, Kevin Fitzgerald, UK MD of Employment Hero says: “This is a significant milestone for Employment Hero, not just in Canada but globally.
The acquisition of Humi strengthens the Employment Hero brand by combining our world-class technology with Humi’s deep understanding of the Canadian market.
“It’s a perfect match that reinforces our commitment to empowering SMEs with tailored solutions and helping businesses thrive by prioritizing their people.”
Humi and Employment Hero’s shared further vision
For almost a decade, Humi has been building employment solutions to help every Canadian employee feel valued and supported, based on the belief that businesses thrive because they prioritize their people.
Fitzgerald adds: “For the UK, this news solidifies Employment Hero’s position as a global leader in employment tech.
“Expanding our footprint in North America not only enhances the value of our platform but also creates new opportunities to share insights and innovations across markets.
“This move demonstrates how Employment Hero continues to lead the charge in revolutionizing employment solutions worldwide. It’s an exciting step forward for us all.”
Additionally, Humi’s CEO and co-founder, Kevin Kliman, described Employment Hero as the “perfect partner” for the business, as both are united in their mission to make employment easier and more valuable for everyone.
He added: “Their [Employment Hero’s] investment in Humi is a commitment to our customers. Together, we will continue to drive progress in the employment marketplace with tailored solutions to meet the evolving needs, supporting local businesses across Canada.”
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