Video conferencing platform Zoom is to acquire Workvivo for an undisclosed amount. The move will 'bolster the Zoom platform’s employee experience offering and give customers new ways to keep employees informed, engaged and connected'.
Workvivo was founded by John Goulding and Joe Lennon in 2017. The employee experience platform is an internal communication and engagement tool with a social intranet, and an employee app. The company says it has seen triple-digit growth in the last three years.
“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 organisations to fully unlock the potential of their employees and evolve their company culture,” says Kelly Steckelberg, chief financial officer at Zoom. “Workvivo has set the standard for employee communications, helping businesses reach and engage millions of employees worldwide. Workvivo prioritises ease-of-use and simplicity of design, offering the best user experience which is a perfect match to Zoom’s DNA.”
The transaction is expected to close in Q1 FY2024.
“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,” says 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 “Our platform replaces outdated, clunky, internal communications tools with a vibrant, familiar social experience, and has a proven history of unparalleled levels of adoption.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.”