Following the close of the transaction, Zoom plans to incorporate Workvivo’s capabilities into its platform to deliver a best-in-class, employee experience. Terms of the transaction were not disclosed, and the transaction is expected to close in Q1 FY2024.
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.
Workvivo's offering has seen triple-digit growth in the last three years and is used 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.
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 organisations 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 prioritises ease-of-use and simplicity of design, offering the best user experience which is a perfect match to Zoom’s DNA.”
John Goulding, CEO and co-founder at Workvivo, added, “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.
“Our platform replaces outdated, clunky, internal communications tools with a vibrant, familiar social experience, and has a proven history of unparalleled levels of adoption.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.”
Workvivo's founders John Goulding and Joe Lennon, and the entire Workvivo team, will remain with the company.