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From Headwinds to Tailwinds: Investments and M&A for HR/TA Companies in 2025 & Beyond

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The next 5 years will be some of the best that HR Tech and WorkTech have ever seen! Here is my take, from 1000+ conversations this year with M&A acquirers, PE firms, PE-backed companies, VCs, growth stage startups, and established HR Tech vendors.

HR technology has entered a new phase in its evolution. Long gone are the days when investors questioned whether companies would adopt new Work Technologies. Now we are debating the extent to which AI will disrupt systems of record and traditional workflows. And with macro headwinds turning into

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