Zoom is acquiring Workvivo in a bid to bolster employee experience offering

Zoom says it hopes its latest acquisition will bring customers new ways to keep employees "informed, engaged, and connected" in today’s hybrid work models

Zoom has announced they will be acquiring Workvivo to extend their "platform and offer customers new ways to keep employees informed, engaged, and connected."

Workvivo is an employee communication and engagement platform founded in 2017 that provides an employee experience platform, combining advanced internal communication and engagement tools, a social intranet, and an employee app, blended into one hub.

Workvivo's offering has seen triple-digit growth in the last three years and is used and trusted by customers worldwide, from SMBs to well-known brands, including Liberty Mutual, Lululemon, Ryanair, Madison Square Garden, and Wynn Resorts.

"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," said Kelly Steckelberg, chief financial officer at Zoom.

"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."

CEO and co-founder of Workvivo, John Goulding also commented: "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"Our platform replaces outdated, clunky, internal communications tools with a vibrant, familiar social experience, and has a proven history of unparalleled levels of adoption.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."

Zoom claimed that this acquisition will play into its evolution to provide the best end-to-end collaboration platform focused on enabling modern work and powering the digital-first workplace.

The vendor said 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.