Actually, Kronos Workforce Central is also stricken by the attack. Its tools were created for industries with the aim to help them manage their workforce on a cloud platform. It contains a suite of workforce management solutions for time and attendance, absence management, scheduling and more.

At that moment, Kronos advised its clients to search for an alternative for workforce management while it navigates this situation and finds a solution. Some of the high profile clients which are using Kronos systems are Tesla, Puma, YMCA, and others.

Kronos found out about the problem on Saturday evening, and after that the company announced that it may take a couple of weeks for the problem to be fixed, but they did not give more information about when the situation will be solved.

According to Bob Hughes’s post, who is an executive vice president at UKG, there are some other services which are impacted by the attack such as Healthcare Extensions, UKG TeleStaff and Banking Scheduling Solutions.

With the new funds, Factorial will expand to new markets, opening offices in the USA and Brazil. John Curtius, Partner at Tiger Global, said:

“The HR software market opportunity is very large in Europe, and Factorial is incredibly well positioned to capitalize on it. Our diligence found a product that delighted customers and a world-class team well-positioned to achieve Factorial’s potential.”

The pandemic-accelerated digitalization in the Human Resources sector has contributed to Factorial’s rapid growth, as companies seek to digitize HR management for distributed and flexible workforces. Reid Christian, general partner at CRV, said:

“It is now clear that labor markets around the world have shifted over the past 18 months,” says Reid Christian, general partner at CRV. This has strained employers who need to manage their HR processes and properly serve their employees. Factorial was always architected to support employers across geographies with their HR and payroll needs, and this has only accelerated the demand for their platform. We are excited to continue to support the company through this funding round and the next phase of growth for the business.”

During the last year, Factorial has tripled its revenues, growing from a team of 39 in 2019 to 253 today. They expect to double their headcount in the coming months. Jordi Romero, founder and CEO of the company, said:

“We are thrilled to announce our partnership with Tiger and the continued support of our previous investors. It is Factorial’s mission to become the global leader in HR technology for SMEs and having investors that can support us all the way to the public market is going to be key to our success.”