HiBob, the company behind Bob, the market-leading global Human Capital Management (HCM) platform, is pleased to announce the acquisition of cloud-based Financial Planning and Analysis (FP&A) platform Mosaic, subject to closing conditions.
The acquisition will enable HiBob to deliver the first integrated solution that gives mid-market companies the ability to understand and maximize the productivity and impact of their most valuable asset: their people.
The acquisition is part of HiBob's commitment to trailblaze innovation in the mid-market sector, providing tailored solutions that meet the unique needs of growing businesses. Mid-sized businesses face increasing pressure to align financial planning with workforce strategy, forecasting the impact of investments on business performance. By integrating HiBob’s powerful people management platform with Mosaic’s cutting-edge FP&A capabilities, organizations will gain real-time insights into how workforce productivity and employee engagement drive business outcomes, increasing efficiency, reducing cost, and fostering stronger alignment between HR and Finance teams for better cross-departmental decision-making.
“At HiBob, we’ve always believed that putting people first is how you put business first,” said Ronni Zehavi, CEO of HiBob. “By embedding Mosaic’s planning expertise in our platform, we’re introducing a fully integrated HR and financial planning solution that builds on our existing suite of workforce planning, compensation management, payroll, and analytics offerings. This new, integrated offering will help CFOs embrace a modern, people-first approach to managing their business, turning their workforce from a line item in their P&L into a strategic driver of growth. It marks an exciting step forward in bridging financial performance with human impact, giving managers and executives the visibility and tools they need to maximize their greatest asset: their people.”
“Mosaic was built on the vision of transforming financial planning into a more dynamic, forward-looking process that enables strategic decision-making,” said Bijan Moallemi, CEO of Mosaic. “Joining forces with HiBob enables us to extend that vision to the people side of the business. Together, we’re giving people-first CFOs, CHROs, and CEOs the tools they need to lead with confidence and clarity in an increasingly complex business environment.”
HiBob will focus on maximizing product synergy between Mosaic and Bob, working to deepen the existing integration between the solutions and embed Mosaic’s planning capabilities into Bob to deliver maximum value. Mosaic’s existing customers will continue to be fully supported throughout the transition.