Zoom is set to acquire Workvivo, to bolster the Zoom platform’s employee experience offering and give customers new ways of keeping employees informed, engaged and connected.
Founded in 2017, Workvivo provides a feature-rich employee experience platform that combines advanced internal communication and engagement tools, a social intranet and an employee app, brought into one easy-to-use central hub.
Workvivo’s offering has seen triple-digit growth in the last three years and is used and trusted by hundreds of customers worldwide, from SMBs to influential brands such as Liberty Mutual, Lululemon, Ryanair, Madison Square Garden and Wynn Resorts.
Expected to close in Q1 FY2024, the transaction will allow Zoom to continue to evolve its end-to-end collaboration platform and focus on enabling modern work and digital-first workplaces.
Zoom plans to incorporate Workvivo’s capabilities into its platform to deliver a best-in-class employee experience. Workvivo’s team along with its founders, John Goulding and Joe Lennon, will be instrumental in driving employee experience innovation strategy.
Kelly Steckelberg, chief financial officer at Zoom, said: “We are excited to welcome the Workvivo team to 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 organizations to fully unlock the potential of their employees and evolve their company culture in a hybrid world.
“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.”
“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 “Our platform replaces outdated, clunky, internal communications tools with a vibrant, familiar social experience and has a proven history of unparalleled levels of adoption.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.”
