Zoom today announced that it has acquired Workvivo, a six-year-old Irish startup focused on improving companies’ internal communications and culture. Terms of the deal weren’t disclosed.
While many enterprise communication tools — such as Zoom — are all about the real-time, Workvivo is very much about the asynchronous. Indeed, it’s less about project-specific collaboration and updates than it is about fostering employee engagement at a broad level, including an activity feed, people directory, surveys, and critical company communications — a bit like a modern day intranet.
Founded out of Cork in 2017, Workvivo was perfectly positioned for the remote-work revolution spurred by the global pandemic, with the company reporting a 200% growth in ARR (annual recurring revenue) in 2020. And it has amassed a fairly impressive roster of customers too, including Amazon, RyanAir, and Bupa.
Workvivo Image Credits: Workvivo
Workvivo had raised around $38.5 million since its inception, including a $22 million Series B last year led by existing investor Tiger Global. However, the startup had also fact received a direct angel investment from Zoom founder, chairman, and CEO Eric Yuan back in 2019, making today’s announcement perhaps a little less surprising.
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Zoom acquires Ireland-based employee communications platform Workvivo by Paul Sawers originally published on TechCrunch
