Zoom founder Eric Yuan has emerged as an investor in Cork software start-up Workvivo, making an investment of close to €500,000 in the company.

Yuan is the founder of video conferencing platform Zoom and is understood to have a personal fortune of close to $3bn.

The Zoom founder said the Irish firm’s culture, values and technology were a perfect fit for his vision of employee communication, engagement and satisfaction.

“When people feel valued and connected to the organisation, they are engaged”

“The purpose of life is to pursue happiness, and that should always apply to your work life as well as your personal life,” said Yuan.

“Engaging a workforce and making them feel valued should be a top ambition of any company. Workvivo is making that ambition a reality, and I am delighted to invest in such an innovative company. I believe Workvivo is fast becoming an essential component in the makeup of successful companies as we head into the next decade,” Yuan said.

Employee engagement

Workvivo has designed an internal communications platform based on the way people are familiar with interacting outside of the workplace, and brought that into a business context.

Employees can read and post content to an activity feed, like, share and comment on content, but they can also recognise others through shout-outs, link posts to company goals and values, create community spaces and publish company articles and events.

The co-founder of Workvivo, John Goulding, said backing from one of the world’s great entrepreneurs was testament to what the Irish firm wanted to do around employee engagement.

“Eric’s investment is a hugely significant moment in the Workvivo story. When people feel valued and connected to the organisation, they are engaged. In every one of our customers, we see increases in engagement and retention, because those employees feel part of a community and experience that every day. We’re not just a communication tool. We bring community, engagement, enthusiasm, relevance, recognition and fun into employee communication. We’re delighted someone like Eric Yuan recognises that in Workvivo,” Goulding added.

Written by John Kennedy (john.kennedy3@boi.com)

Published: 13 November , 2019

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