View as a Full Page Close HR Tech M&A clocks overtime amid vendor fatigue

A wave of high-profile deals is reshaping the human resources technology landscape, signaling renewed investor appetite and strategic urgency across the sector.

In the past five weeks, three major transactions have left executives giddy.

Thoma Bravo's USD 12.7bn take-private of Dayforce, announced in late August, is now the largest HR tech deal on Mergermarket record, surpassing the USD 12.4bn merger that created UKG in 2019. Workday followed with two large acquisitions: Paradox, a recruitment software company, for USD 1bn, and Sana Labs, a Sweden-based learning and development platform, for USD 1.1bn.