In a move poised to reshape the employment solutions landscape in Canada, Toronto-based Humi has been acquired by global employment platform Employment Hero in a deal valued at over CAD 100 million.
The acquisition is one of the largest in recent Canadian tech history and aims to deliver a localized, comprehensive solution tailored to Canadian businesses.
Founded nearly a decade ago, Humi has become a trusted partner for small and medium-sized enterprises (SMEs) across Canada, providing tools to streamline HR, payroll, and benefits management. This strategic partnership combines Humi’s in-depth understanding of the Canadian market with Employment Hero’s globally recognized Employment Operating System (eOS), creating an all-in-one platform designed specifically for Canadian businesses.
“With over one million SMEs in Canada, the opportunity to enhance productivity and support local businesses is immense,” said Humi CEO and co-founder Kevin Kliman. “Employment Hero is the perfect partner to fuel our growth and empower Canadian companies to invest in their people, processes, and growth.”
Employment Hero CEO Ben Thompson highlighted Humi’s pivotal role in the Canadian market, praising the company’s deep knowledge of local employment needs. “Humi will remain Canadian-operated, and their team will continue to serve the unique needs of businesses here,” he said.
The partnership underscores a commitment to innovation and localization, ensuring that Canadian businesses can access a platform tailored to their unique regulatory and cultural environment. Humi’s existing customers are set to benefit from Employment Hero’s advanced technology, while the company remains focused on its mission to make employment more valuable for Canadians.
As the two companies unite, the collaboration is expected to accelerate product development and expand services to thousands more Canadian businesses, reinforcing the importance of people-first employment solutions in driving business success.