HiBob, a leading provider of human capital management (HCM) solutions, has announced its acquisition of Mosaic, a financial planning and analysis (FP&A) platform, in a deal estimated at approximately $35 million. The acquisition, pending closing conditions, will enable HiBob to integrate financial planning tools into its platform, Bob, providing mid-sized businesses with a unified solution for workforce management and budget planning. By merging these capabilities, HiBob aims to help businesses align their HR strategies with financial outcomes for more efficient decision-making.

Enhancing Workforce Strategy Through Financial Insights

In today’s business environment, the link between HR and finance is more critical than ever. Companies often struggle with siloed decision-making, where workforce planning and financial forecasting remain disconnected. The integration of Mosaic’s FP&A tools into Bob will provide businesses with real-time insights into how employee productivity and workforce decisions impact financial performance.

Why Mosaic? A Best-in-Class FP&A Solution

Mosaic has built a reputation as a top-tier FP&A platform designed specifically for mid-sized businesses. Its capabilities in budgeting, scenario planning, and compensation analysis make it an ideal addition to HiBob’s ecosystem. By incorporating Mosaic’s technology, HiBob will offer CFOs and HR leaders a seamless solution to align workforce planning, compensation strategies, and financial forecasting in one place.

Addressing the Growing Need for HR-Finance Collaboration

Historically, HR and finance teams have operated separately, often relying on disconnected tools such as spreadsheets for financial planning. HiBob’s acquisition of Mosaic is set to change this by offering an integrated platform where workforce strategies and financial planning intersect. This shift will empower decision-makers with real-time data, enabling them to optimize resources, improve productivity, and drive business growth.

HiBob’s Expansion Strategy and Previous Acquisitions

This acquisition marks HiBob’s fourth since its founding and the third in the past two and a half years. Earlier in 2024, the company acquired Pento, a payroll management platform tailored for the UK market, which has since been integrated into Bob. These strategic acquisitions demonstrate HiBob’s commitment to expanding its product suite and addressing the evolving needs of modern businesses.

A Shared Vision for the Future

HiBob has consistently championed the philosophy that investing in people drives business success. With Mosaic’s FP&A expertise, the company is reinforcing its vision of helping mid-sized businesses scale smarter by connecting workforce strategies with financial outcomes. This latest move underscores HiBob’s commitment to innovation, equipping companies with the tools they need to navigate a rapidly changing business landscape.

What Customers Can Expect Moving Forward

HiBob plans to gradually integrate Mosaic’s capabilities into its Bob platform, ensuring a seamless user experience. Customers can expect enhanced tools for financial planning, compensation analysis, and workforce budgeting, all within a single system. The goal is to provide a comprehensive solution that empowers organizations to make data-driven decisions that benefit both their employees and their bottom line.

The acquisition of Mosaic represents a significant milestone in HiBob’s journey to bridge the gap between HR and finance. By offering an integrated platform, the company is setting a new standard for how mid-sized businesses manage workforce planning and financial forecasting. As HiBob continues to expand its capabilities, this move solidifies its position as a leader in the evolving HR-tech and financial planning landscape.