2025年HCM技术年度回顾

March 2026 Global Team Built to AdviseHCM Tech Businesses HCM Tech Sector Team Covering the Entire HCM Technology Ecosystem 15+ Employee EngagementPerformance and SuccessionLearning and DevelopmentTalent Analytics Dedicated HCMFinanceProfessionalsBased in NewYork, London,Frankfurt, andSan Francisco Sascha Pfeiffer Adrian Reed Kevin Walsh Global Head ofTechnology Managing Director Managing Director 50+ Ted SullivanDirector Marco SolleVice President James GrundyVice President Completed orAnnouncedHCMTransactionsSince the Startof 2016 Daniel LiuVice President Ben Levett-DunnAssociate Gage FeldeisenAssociate Core HR andPayroll Field ServiceManagement Field ServiceManagement Talent Acquisition andManagement EmployeeEngagement WorkforceManagement Global Single SpecializedHCM PracticeAcross the World Kelly HooperFinancial Analyst Jean-Christophe KayumbaFinancial Analyst Matt HoptonFinancial Analyst Great Hill Partners hassuccessfully secured a debtfacility package to fund itsacquisition of Vivup and Perkbox CloudPay growth financing ledby The Olayan Group$58,000,000 Tombstones included herein represent transactions closed from 2021 forward.*Selected transactions were executed by Houlihan Lokey professionals while at other firmsacquired by Houlihan Lokey or by professionals from a Houlihan Lokey joint venture company. Global Payroll EmployeeBenefits RecruitmentMarketing ExpenseAutomation HRIS and Payroll CompensationManagement Houlihan Lokey:A Global Technology Advisory Leader No. 1Most Active Advisor toPrivate Equity—Globally AdvisorDeals1Houlihan Lokey2862Rothschild & Co2323Jefferies1964Goldman Sachs & Co1645JP Morgan Chase & Co162 No. 1 2025 M&A Advisory RankingsAll Global Technology Transactions 1,900+SponsorsCovered Globally 31Global CoverageSenior Officers 850+Companies Sold toFinancial SponsorsOver the Past FiveYears 600+Discrete SponsorsThat Have HiredHoulihan Lokey as aSellside Advisor Overthe Past Five Years Technology IndustryCoverage Independent Advice, Deep Sector Coverage, and High-Touch Execution (1)As of January 30, 2026.(2)2025 M&A Advisory Rankings—All Global Transactions Source:LSEG. Excludes accounting firms and brokers. Leading HCMTechnology SoftwarePractice 50+ Deals Across the HCMTechnology LandscapeSince 2016 Core HRTalent AcquisitionTalent Management Houlihan Lokey Is aThought Leader in HCMTechnology Thought Leadership Regular Market Updates CEO Visibility Multiple market updates and thought leadership presentations highlight the uniquesubsectors within HCM technology. Exclusive interviews with seniorthought leaders across theHCM technology space. Houlihan Lokey hasproven global expertisein HCM technologysoftware. Events 2026 Industry Conferences ONE Houlihan LokeyNew York (May) ONE Houlihan LokeyLondon (November) February 3:Phenom Partner DayMarch 17–19:UNLEASH, Las VegasOctober 20–22:HR Tech, Las Vegas The May 2025 conferenceshowcased Houlihan Lokey’sTechnology Group alongsideprominent HCM companies. The November 2025 eventhighlighted Houlihan Lokey’sTechnology Group withparticipation from leading HCMplayers. Technology|Thursday, May 14 Highlights From Technology at ONE Houlihan Lokey New York 2025 Featured Sectors •AdTech•Business Management Software•Cloud Software and Services•Communications Software•Cybersecurity•Digital Media, Entertainment, andSports•Education Technology and Services•EHSS•Governance, Risk, and Compliance•GovTech•Healthcare and Pharma•Human Capital Management•Industrial Software•Infrastructure Software•Legal and Intellectual Property•MarTech•MediaTech•Office of the CFO•PropTech•Retail•Supply Chain and Logistics•Tech Services•Transportation•Travel and Hospitality 57ParticipatingCompanies You’re Invited as a Participating Company! Participating Company Benefits •VIP networking receptionthe night of Wednesday, May 13.•In-person panel participation, giving you the ability to showcasethe expertise of your team and your company to a truly internationalaudience.•Highly curated 1x1 meetingstailored to the needs of your business,to be held with industry leaders and capital providers on Thursday,May 14.•Access to high-profile investorsin the technology space fromacross the globe.•Tailored follow-up and analysiswith meeting attendees after theconference. 14Panels Thoughts From the Tech Group Head The Commitment From You 8–101x1 Meetingsper Company This event is a true melting pot, with tech companies from around theglobe and Houlihan Lokey colleagues from our entire global network—including the U.S., Europe, India, and Japan. These companies are hereto connect with U.S. funds, while U.S. investors are eager to explore thetech scene in New York, all showcased by Houlihan Lokey. •Available to attend the conference eventsthe evening ofWednesday, May 13, and all day on Thursday, May 14.•Provide bio, headshot, and company logo and descriptionforpromotional materials.•Participate in a one-hour-l