Douglas company secures major investment from US entrepreneur

Douglas company secures major investment from US entrepreneur
Co-founder of Workvivo, John Goulding pictured with Eric S. Yuan of Zoom Video Communications.

A Cork company has secured a major investment from one of the world’s leading tech entrepreneurs.

Workvivo based in Douglas provides software for companies that allow their employees to share information communicate in a similar way to social media websites.

Employees can read and post content to an activity feed, like, share and comment on content, but they can also recognise others through shout-outs, link posts to company goals and values, create community spaces and publish company articles and events.

The company was established in 2017 and is now being used to engage employees across 40 countries and in companies of all sizes. 

The founder and chief executive of video company Zoom Video Eric S. Yuan has come on board to invest a significant sum in the Workvivo.

Yuan, who has consistently spoken of the importance of employee satisfaction in business growth was in Cork this week for the announcement.

"The purpose of life is to pursue happiness, and that should always apply to your work life as well as your personal life," he said.

"Engaging a workforce and making them feel valued should be a top ambition of any company. 

"Workvivo is making that ambition a reality, and I am delighted to invest in such an innovative company."

The private investment will help Workvivo in its plans to grow users of its platform to more than one million by 2021.

Co-founder of Workvivo, John Goulding said: "Eric’s investment is a hugely significant moment in the Workvivo story. 

"When people feel valued and connected to the organization, they are engaged. 

"In every one of our customers, we see increases in engagement and retention, because those employees feel part of a community and experience that every day."

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