Zoom To Bolster Employee Experience Offering Via Workvivo Acquisition

KUALA LUMPUR, April 17 (Bernama) -- Zoom Video Communications Inc has announced the acquisition of Workvivo to extend Zoom’s platform and offer its customers new ways to keep employees informed, engaged and connected.

“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 prioritises ease-of-use and simplicity of design, offering the best user experience which is a perfect match to Zoom’s DNA,” said Zoom chief financial officer, Kelly Steckelberg, in a statement.

Meanwhile, Workvivo chief executive officer and co-founder, John Goulding said: “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.

“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.”

Founded in 2017, Workvivo provides a modern, 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.

With this acquisition, Zoom continues its evolution to provide the best end-to-end collaboration platform focused on enabling modern work and powering the digital-first workplace.

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 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 first quarter FY2024, with terms of the transaction were not disclosed.

-- BERNAMA