PeopleDoc explained

PeopleDoc
Type:	Private
Industry:	Human Resources Information Technology and Services
Founded:	2007
Defunct:	2020
Fate:	Acquired by Ultimate Software, now UKG
Area Served:	North America Europe

PeopleDoc was a cloud-based human resources service delivery and document management platform that was founded in France. In 2018, it was acquired by Ultimate Software for approximately $300 million.^[1] UKG, the successor company of Ultimate Software delivers former PeopleDoc technology as part of their suite of solutions.^[2]

In 2014, it was named a "Cool Vendor in Human Capital Management" by consulting firm Gartner.^[3] Its customers include American Express, Fast Retailing, Georgetown University, Match.com, Starbucks and Motorola.^[4] The company has also established partnerships with SAP SuccessFactors, Workday, Grant Thorton LLP, PwC and Accenture.

History

PeopleDoc started as Novapost in 2007, on the campus of the HEC Business School in Paris, as an idea to provide a unified digital file management system.

In 2009, PeopleDoc started developing cloud technology to assist HR administrative staff.

In 2014, PeopleDoc expanded its human resources software service and raised a $17.5 million Series B round led by Accel Partners.^[5]

In August 2015, PeopleDoc sponsored a national HR survey, focused on the intersection of technology, HR, and how HR professionals are handling documents.^[6]

In September 2015, PeopleDoc raised a $28 Million Series C round of investment led by Eurazeo, with existing investors Accel Partners, Alven Capital and Kernel Capital Partners participating as well.^[7]

In 2018, the company was acquired by Ultimate Software for $300 million in cash and stock.^[8]

In 2020, Ultimate Software merged with Kronos Incorporated to create UKG, Inc. PeopleDoc solutions were rebranded and added to UKG’s suite portfolio of products.

Software

PeopleDoc's human resources service delivery is composed of four main components :

• The HR document management system allows for employee and HR documents to be centralized from multiple sources, including paper and existing human resources systems, and stored in the cloud. This solution is now known as UKG Document Manager.
• The employee portal and the case management system both enable companies to automate HR processes, ensure consistency and regulatory compliance, and improve employee satisfaction. This solution now known as People Assist, part of UKG HR Service Delivery.
• The employee onboarding portal allows for electronic documents and electronic signatures via a company branded portal.^[9] This solution is no longer sold.

Notes and References

1. Web site: Ultimate Software is acquiring PeopleDoc for 300 million. techcrunch . 17 July 2018 .
2. Web site: HR Service Delivery in the Cloud . UKG . 27 November 2021.
3. Web site: Cool Vendors in Human Capital Management Software, 2014. www.gartner.com. 2016-01-19.
4. Web site: Here are New York City's 10 Hottest French Startups – 2014 Edition. Rude Baguette. 9 September 2014. 2016-01-21.
5. Web site: Happy to Be in U.S., PeopleDoc Raises $17.5M Led by Accel for HR Software. 2014-05-15. 2016-01-19. Lizette. Chapman.
6. Web site: Check Out the 2015 Employee File Management Survey Results!. 16 November 2015. 2016-01-19.
7. Web site: PeopleDoc pulls in $28M in Series C funding – New York Business Journal. New York Business Journal. 2016-01-19.
8. Web site: Ultimate Software to Buy PeopleDoc, Expands Europe Presence . July 18, 2018 . www.nasdaq.com.
9. Web site: T3 – myPeopleDoc. The Tim Sackett Project. 23 June 2015. 2016-02-01.