Consolidation is afoot in the world of HR services, with larger players snapping up interesting, smaller startups en route to more robust unit economics

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Deel, a $12 billion HR startup, has acquired Zavvy, an AI-based people development startup. Deel plans to integrate Zavvy's services into its platform and incorporate more AI technology. The acquisition price is undisclosed, but it is higher than Zavvy's valuation of $16 million. Deel has over 25,000 organizations as customers and is currently profitable with annual recurring revenues of over $400 million.

Deel, the $12B HR startup, acquires Zavvy to step up consolidation play