Zoom has announced the acquisition of Workvivo to bolster the Zoom platform’s employee experience offering and give customers new ways to keep employees informed, engaged and connected.
Founded in 2017, Workvivo provides an 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'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 some of the world’s most well-known brands, including Liberty Mutual, Lululemon, Ryanair, Madison Square Garden, and Wynn Resorts.
Following the close of the transaction, Zoom plans to incorporate Workvivo’s capabilities into its platform. Workvivo's founders John Goulding and Joe Lennon, and the entire Workvivo team, will be instrumental in driving employee experience innovation strategy.
The transaction is expected to close in Q1 FY2024. Terms of the transaction were not disclosed.