Zoom, the popular video-based communications app, has announced its acquisition of Irish employee communications platform Workvivo for an undisclosed sum. Founded in 2017, Workvivo provides an employee experience platform that combines advanced internal communication and engagement tools, a social intranet, and an employee app. The platform has seen triple-digit growth in the last three years and counts Liberty Mutual, Lululemon, Ryanair, Madison Square Garden, and Wynn Resorts as its customers.
With this acquisition, Zoom aims to offer its customers new ways to keep their employees informed, engaged, and connected in a hybrid work model. Workvivo’s offering, combined with Zoom’s all-in-one collaboration platform, will enable organizations to fully unlock the potential of their employees and evolve their company culture.
“Workvivo’s 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,” said Kelly Steckelberg, CFO at Zoom.
As the pandemic continues to reshape the way companies work, hybrid work models have become increasingly popular. Companies are looking for ways to keep their employees connected and engaged while working remotely or in a hybrid setup. Workvivo’s employee experience platform will provide Zoom’s customers with a centralized hub to keep their employees informed and engaged.
The acquisition is Zoom’s latest move to expand its capabilities beyond video conferencing. In December 2020, Zoom announced the acquisition of Keybase, a secure messaging and file-sharing service. The company has also been working on new features to make remote work easier and more effective, such as virtual backgrounds, noise suppression, and virtual whiteboards.
