Zoom Video Communications announces the acquisition of Workvivo. This Irish internal communication and collaboration specialist will be added to Zoom’s collaboration platform.
Workvivo was born in 2017 in Cork, Ireland. The startup built a tool with which employees can easily collaborate and share experiences. The company also developed an app for employees and an intranet that can be found in one central hub.
Workvivo has experienced triple-digit growth in recent years and counts both SMEs and international companies, such as Lululemon, Ryanair and Madison SquareGarden, among its customers.
“By combining the power of Workvivo’s tool with our collaboration platform, companies can bring their employees even closer together,” said Kelly Steckelberg, Chief Financial Officer at Zoom.
The acquisition will close in the first quarter of the fiscal year 2024, but further details have not yet been disclosed.