ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Payscale Acquires Agora, Strengthening Unrivaled Portfolio of Compensation Data, Software and Services

SEATTLE, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Today, Payscale, Inc., the leading provider of compensation data, software and services, has acquired Agora Solutions Inc. (Agora), an innovative provider of dynamic, interactive offer communications, total rewards, employee pay portals and other modern people analytics solutions that foster transparency in compensation.

Agora enables employers to demonstrate a commitment to diversity, equity, inclusion and belonging across their workforce and onboard talent in a way that creates a truly personalized experience, while supporting employees to understand their full compensation. Its software easily creates beautiful candidate and employee total rewards communications and provides nearly effortless collaboration with robust permissions and approval workflows, enhancing Payscale’s existing capabilities aimed at demystifying pay for organizations, employees and candidates.

“I would like to welcome the Agora team to Payscale,” said Alex Hart, Payscale CEO. “We are so impressed by the creativity and innovation this group has shown as well as their commitment to pay transparency and fairness. We look forward to adding their services to our broader portfolio and utilizing their talent and perspective across other parts of our business.”

In a short statement to employees, Miles Hobby and Geoffrey Tisserand, founders at Agora, noted how excited they were to quickly scale and connect their solutions to Payscale’s customer base while continuing to follow their passion; developing software for a more equitable workplace and leveraging Payscale’s support to manage other primary business functions and operations.

This acquisition comes at a critical time, with pay transparency laws already in force or on the horizon across Colorado, California, New York, Washington, Ohio, and many other U.S. states. Companies are seeking modern solutions to navigate these unchartered waters and evaluate their current compensation strategies and standardize their internal pay practices before laws are enacted. Pay transparency, pay equity, compensating a hybrid workforce and the “Great Reshuffle” coupled with soaring interest rates and streamlining costs has resulted in compensation management becoming an increasingly strategic component of not only the HR function, but the entire C Suite.

Agora is Payscale’s third acquisition in the last 18 months, following its purchase of CURO’s pay equity and compensation management software last year, and its 2021 merger with Payfactors, a leading compensation data management company. District Capital Partners served as the exclusive financial advisor to Payscale on the Agora transaction.

About Payscale 

As the industry leader in compensation management, Payscale is on a mission to help job seekers, employees and businesses get pay right, and make sustainable fair pay a reality. Empowering more than 50% of the Fortune 500 in 198 countries, Payscale provides a combination of diverse and dynamic data sources, experienced compensation services, and scalable software to enable organizations such as Angel City Football Club, Perry Ellis International, United Healthcare, Vista and The Washington Post and to make fair and appropriate pay decisions.

Pay is powerful. To learn more, visit www.payscale.com. 

Contact: Press@Payscale.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.