Since the pandemic, Zoom has become an important part of many employees’ daily work lives. Through the new acquisition, Zoom is expanding its services beyond video conferencing, aiming to transform into a digital workplace.
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On Friday, Published zoom that it is acquiring Workvivo, an employee engagement and communication platform founded in 2017 and used by multiple brands including Lululemon, Ryanair and Liberty Mutual.
We believe people work to live, not live to work – that’s why we’re happy to share @workvivo Will join our team! Together, we’ll expand our platform and focus on putting your people at the center of our work. 💙🎉 https://t.co/LfzuXsEywX
– Zoom Zoom) April 14, 2023
Workvivo is an app that functions as a central hub that employees can use for workplace communication and engagement tools such as polls, surveys, thank yous, email notifications , community groups, org charts, shared calendars, etc.
Zoom says that the primary goal of the acquisition is to provide customers with a new way to engage with today’s hybrid work model and help maintain the company culture.
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“Engaging employees and driving culture through connectivity is no longer a ‘good thing to have’ – it’s a must for success in today’s business environment,” Zoom said in a press release. “.
Following the close of the transaction, which is expected to occur in Q1 of fiscal 2024, Zoom plans to incorporate Workvivo capabilities into its platform. The actual terms of the transaction were not disclosed.
