Zoom is acquiring Workvivo to continue expanding its collaboration platform for the digital-first workplace.
The acquisition, which is expected to close in the first quarter of fiscal year 2024, will add Workvivo’s employee experience platform to Zoom’s offerings, Zoom said in a Friday (April 14) press release.
“The power of Workvivo’s employee experience platform, with its robust communications and engagement offering combined with Zoom’s all-in-one collaboration platform, allows organizations to fully unlock the potential of their employees and evolve their company culture in a hybrid world,” Zoom Chief Financial Officer Kelly Steckelberg said in the release.
The Workvivo platform provides a central hub that includes internal communication and engagement tools, a social intranet and an employee app. It is designed for ease of use and is used by hundreds of companies and millions of employees worldwide, according to the release.
Following the close of the transaction, Zoom plans to retain Workvivo’s founders and entire team and incorporate the platform’s capabilities into its own offering, the release said.
“Our platform replaces outdated, clunky, internal communications tools with a vibrant, familiar social experience, and has a proven history of unparalleled levels of adoption,” Workvivo CEO and Co-founder John Goulding said in the release. “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.”
This news comes about six weeks after Zoom founder and CEO Eric Yuan said during the company’s quarter earnings call that the video meetings and online collaboration platform is integrating artificial intelligence (AI) across its product suite as it serves a growing number of enterprise clients.
Zoom IQ, Zoom Virtual Agent, and its translation, captioning and meeting summary tools are just the beginning, Yuan said during the Feb. 27 call.
“The age of AI and large language models has arrived, and we want to empower smarter experiences and workflows that truly enable our customers to benefit from these transformational tools,” Yuan said.
“The currency of now” takes on a decidedly different form in this poem about the mall’s resurgence. It celebrates the brick-and-mortar comeback fueled by Gen Z’s desire for IRL (in real life) connections and the evolving role of physical space in a digitally-driven world. Join us, with a little help from AI, as we examine this retail revolution, where the “currency” of cool reigns supreme.
The tinsel’s gone, the carols now hushed,
New Year’s returns — cashiers mildly crushed.
A sea of sweatpants, gift cards in hand,
The mall’s a vibe unplanned.
But fear not, dear shopper, the story’s not bleak —
The mall’s plotting comebacks, not just peak weak week.
Gen Z’s in the food court, TikTokking their fries,
While swiping through Depop for vintage thigh-highs.
“IRL’s better!” they might say, “No porch pirates, no wait—
Just tag me @Aritzia, I’ll meet you at eight!”
They crave neon selfies, not screens’ pixelated glow,
So malls built a skatepark where a Sears used to go.
Shopify’s merchants now hawk leather and lace
In pop-ups by Simon — no “online-only” space.
Leap powers the kiosks, the QR code deals,
As D2C brands test if foot traffic feels.
Where Macy’s once stood, now micro-lofts bloom:
“Live above Lululemon!” they might chirp. “Bath bombs in every room!”
A dentist, a daycare, a co-working hub —
The mall’s now a Swiss Army knife, scrubbed of ’80s dud.
Mall of America’s got waterslides looping its floors,
While American Dream’s got a ski slope indoors.
“Why choose between Zara and ziplines?” they could grin,
As Nordstrom becomes Saks Fifth within.
Phones glow like fireflies in this retail ballet:
Price checks on Google, then “U up?” on Tinder (hey).
They scan, they compare, they Instagram the ‘fit—
But still buy the jeans ’cause the vibe’s so legit.
So here’s to the mall — that phoenix of bricks!
No longer a relic of cassette tape tricks.
With Gen Z as hypebeast and Shopify’s might,
It’s part TikTok backdrop, part urbanist’s right.
The future’s bright, chaotic, a bit over-leased …
But hey — at least parking’s finally decreased.