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LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”) today announced it will release first quarter results before market open on Wednesday, May 8, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. Details of Webcast: Date: Wedn...
Alight, Inc. has sold its professional services and payroll outsourcing business for $1.2 billion to HIG Capital, which will strengthen its revenue margins and visibility in the labor employment market. Alight's main revenue sources are employer solutions and professional/payroll services, with employer solutions accounting for 87% of gross profit in Q4 2023. The deal with HIG Capital is expect...
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Spotify Technology SA (NYSE:SPOT) is preparing to hike its subscription prices across all major jurisdictions, according to a Bloomberg report. Sources said the price increases will be between $1 and $2, starting in the UK, Australia and Pakistan, followed by the US later in the year.
NEW YORK--(BUSINESS WIRE)-- #Acquisition--An affiliate of H.I.G. Capital has signed a definitive agreement to acquire the Payroll and Professional Services Business of Alight, Inc.
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G. Capit...
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