HRTech Top Acquirers

Consolidation in HRTech continued apace through 2025, with acquirers moving to deepen platform coverage and extend reach across the employee lifecycle. Goldenhill's 2025 list features 12 of the most active HRTech acquirers, reflecting deal activity across talent acquisition, core HR and payroll, and talent management and development.

Europe is the dominant region among the 2025 list, accounting for 8 of the 12 buyers: the UK (The Access Group), Finland (Epassi), Germany (Zvoove), France (Beetween), the Netherlands (Main Capital Partners, Total Specific Solutions) and Denmark (HR-ON, Jobindex). The four North American buyers are all US-headquartered. The weight of deal activity sitting firmly on the European side of the Atlantic marks a meaningful shift from prior years.

Ownership is varied. Dayforce and Jobindex are publicly listed. Several are PE-backed platforms, including UKG, The Access Group, Epassi and Engagedly. Main Capital Partners is itself a growth equity investor, making acquisitions through its portfolio of B2B software companies. The remainder are privately held, spanning founder-led businesses and independent software consolidators.

At Goldenhill, we have established relationships with these HRTech buyers as well as most of the other firms who are actively acquiring in the space.

Goldenhill HRTech Top Acquirers 2025 — the 12 most active acquirers in the HRTech market

 

View the top acquirers across our other sectors: FinTech Top Acquirers | Workforce Solutions Top Acquirers

Explore more: HRTech Index