The ‘multimillion-euro’ deal comes after HRLocker merged with HireHive earlier this year.
HR software solutions provider HRLocker has acquired Cork-based performance management software provider WorkCompass.
The “multimillion-euro deal” comes months after HRLocker merged with HireHive and advances the parent company Invincible Software Holdings’ (ISH) strategy to bring a combined HR solution for SMEs.
The deal also comes after WorkCompass said it suffered financial difficulties after losing funding from Enterprise Ireland back in 2023.
With the acquisition, WorkCompass is now directly embedded into HRLocker, and the resulting offering is aimed at providing customers with a single workflow where goals, objectives, feedback, check-ins and performance reviews sit alongside core HR, time, absence and compliance.
According to the company, managers can set objectives, track progress, prompt real-time conversations and close out review cycles without jumping between tools or exporting spreadsheets.
The combined organisation will also bring greater scale, reliability and security, with shared product and engineering resources accelerating delivery of new capabilities and integrations that further streamline HR workflows for SMEs, the company said.
“WorkCompass brings a coaching-led, outcomes-focused approach to performance that fits perfectly with our mission to make HR simpler, faster and more human,” said Crystel Robbins Rynne, the CEO of HRLocker.
“By integrating WorkCompass’ strengths in goals, feedback and actionable insights, we’re giving customers a tighter, more seamless employee journey, improving the way HR works businesses across Ireland.”
Denis Coleman, the founder and CEO of WorkCompass, said, “Joining HRLocker accelerates our vision to move beyond rear-view appraisals toward real-time coaching and measurable results.”
“Our customers will see the same intuitive performance platform they love, now backed by a broader product ecosystem and roadmap.”
Parent company ISH’s co-founder and managing partner Adam Reynolds said that the deal strengthens its commitment to SMEs. “We’re excited about the innovation pipeline this combination unlocks for customers,” he said.
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