TECH SUPPLIER Mar 2020 - Market Note - Doc # EUR146144120

The Growing Consolidation of the HCM Application Landscape and the Impact of Acquisitions for European Markets

By: Alexandros StratisResearch Manager, Edyta KosowskaProgram Manager, Software, Poland, Wiktor MarkiewiczSenior Research Analyst

Abstract

This IDC Market Note discusses the potential impact of the announced mergers and acquisitions in the human capital management (HCM) market and their implications for vendors and tech buyers. In 2020, several mergers and acquisitions in the HCM market were announced in quick succession. The Access Group announced its intention to acquire CoreHR earlier this month, while Saba Software and Cornerstone OnDemand have reached a similar agreement in February 2020. At the same time, Kronos and Ultimate Software announced their intention to merge, although both firms were privately held by the same entity.


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