HiBob acquires Mosaic for $35 million to merge HR and financial planning
The deal will integrate FP&A capabilities into HiBob’s HR platform, offering real-time business insights.
HiBob, the unicorn that developed a human resources management platform, is acquiring the American company Mosaic, which specializes in financial planning and analysis (FP&A). The companies did not disclose the value of the deal, but it is estimated at approximately $35 million. The acquisition will enable HiBob to offer a solution that integrates employee lifecycle management with budget planning and financial modeling.
This move is part of HiBob's strategy to expand its portfolio of innovative products and address the growing need for organizations to integrate ongoing financial planning with human resources management. By doing so, companies can better predict the impact of employee and manager recruitment, development, and performance on overall business outcomes. Until now, this critical task was often carried out separately or managed using external Excel sheets, disconnected from the organization's management systems. By combining HiBob's leading workforce management (HCM) platform with Mosaic's advanced FP&A capabilities, decision-makers will gain real-time insights into how employee productivity affects the company's financial performance.
"Employees are the most important and valuable asset in any company. Managing them requires flexible technology that supports the company's business objectives," said Ronnie Zehavi, CEO and co-founder of HiBob. "Integrating Mosaic's expertise into our platform creates a unified solution for human resources management and financial planning."
This is HiBob's fourth acquisition since its inception and its third in the past two and a half years. In early 2024, HiBob announced the acquisition of Pento, a payroll management platform for the UK market, which has already been integrated into its system.
Last week, the company announced a decision to grant 1,800 stock options to each employee who served more than 30 days in the reserve forces during the war. A total of 47 employees received options, with the longest-serving reservist—an employee from the development department—serving for 265 days. The decision was made as a gesture of appreciation and recognition, highlighting the company's commitment to community contribution and the importance it places on reserve service.
HiBob was founded in 2015 by Zehavi and Israel David. The company’s platform, "Bob," is a digital employee management system used by over a million people worldwide. HiBob employs approximately 1,300 people, half of whom are based in Israel. Following the acquisition, 70 Mosaic employees will join HiBob. In addition to its presence in Israel, the company has offices in Australia, the United States, and most major European capitals. HiBob has raised $570 million across five funding rounds, with its most recent valuation estimated at approximately $3 billion.
