The article discusses Deel CEO Alex Bouaziz’s ambitious plan to build an HR tech giant through strategic acquisitions by 2024. Bouaziz aims to create a one-stop-shop for companies’ HR needs, from payroll and compliance to employee benefits and talent management. Deel has already acquired several companies, including Roots Automation for payroll automation and Appsider for mobile app development. Bouaziz believes consolidation is inevitable in the fragmented HR tech market, and Deel is well-positioned with its $629 million in funding. However, he acknowledges the challenges of integrating acquired companies and maintaining a cohesive culture. Bouaziz plans to continue an aggressive acquisition strategy, targeting companies that complement Deel’s existing offerings and expand its global reach. The goal is to simplify HR processes for companies operating across multiple countries and jurisdictions.
Source: https://www.businessinsider.com/deel-ceo-acquisition-strategy-alex-bouaziz-assemble-hr-tech-2024-12