News Summary

Toronto-based Humi, a prominent employment platform in Canada, has been acquired by Australian HR software company Employment Hero in a significant deal valued at approximately $155 million CAD. This acquisition is part of Employment Hero’s strategy to establish a strong presence in Canada. Humi, founded in 2016, has grown to support HR, benefits, and payroll management for Canadian companies. The acquisition will allow Humi to leverage Employment Hero’s advanced HR features while contributing its local expertise to support Canadian businesses. Despite recent controversies surrounding Employment Hero’s workplace culture, Humi CEO Kevin Kliman has expressed confidence in the partnership’s potential, describing it as a strategic move akin to a Series C funding round. The deal will maintain Humi’s brand and staff, with plans to expand its Canadian operations further.