The future of work is in the hands of a Cork business called Workvivo.
Video conferencing giant Zoom has revealed plans to acquire Cork tech business Workvivo for an undisclosed sum.
Founded in 2017 by John Goulding and Joe Lennon, Workvivo has built a feature-rich employee experience platform, combining advanced internal communication and engagement tools, a social intranet, and an employee app, all blended into one central hub, forming the heart of a company’s digital ecosystem.
“Workvivo has set the standard for employee communications, helping businesses reach and engage millions of employees worldwide”
Workvivo has experienced triple-digit growth in the last three years and the platform is used and trusted by hundreds of customers worldwide, from SMBs to some of the world’s most well-known brands, including Liberty Mutual, Lululemon, Ryanair, Madison Square Garden and Wynn Resorts.
All-in-one collaboration platform
In 2019 Zoom founder Eric Yuan was an investor in a €500,000 round in the company. Since then Workvivo has raised a total of $38.5m.
“We are excited to welcome the Workvivo team to Zoom,” said Kelly Steckelberg, chief financial officer at Zoom. “The power of Workvivo employee experience platform, with its robust communications and engagement offering combined with Zoom’s all-in-one collaboration platform, allows organisations to fully unlock the potential of their employees and evolve their company culture.
“Workvivo has set the standard for employee communications, helping businesses reach and engage millions of employees worldwide. Workvivo prioritizes ease-of-use and simplicity of design, offering the best user experience which is a perfect match to Zoom’s DNA.”
Following the close of the transaction, Zoom plans to incorporate Workvivo’s capabilities into its platform to deliver a best-in-class, employee experience. Workvivo’s founders John Goulding and Joe Lennon, and the entire Workvivo team, will be instrumental in driving employee experience innovation strategy.
The deal is expected to close in the first quarter of 2024.
“Zoom’s rapid pace of innovation and the persistent dedication to building products with a human-first mindset is why we are most excited about joining the team,” said John Goulding, CEO and co-founder at Workvivo.
“Our platform replaces outdated, clunky, internal communications tools with a vibrant, familiar social experience, and has a proven history of unparalleled levels of adoption. With Zoom, we can build great things together, make teamwork more meaningful, and extend collaboration beyond knowledge workers, allowing us to reach employees who have historically felt disconnected from the company.”