TechTaffy

tech:

taffy

Zoom to acquire Workvivo

By TechTaffy Desk

Zoom is acquiring Workvivo, a startup aimed at enhancing corporate communication and culture. The transaction is expected to close in Q1 FY2024. Terms of the transaction were not disclosed.

Following the close of the transaction, Zoom plans to incorporate Workvivo’s capabilities into its platform. Workvivos’ founders John Goulding and Joe Lennon, and the entire Workvivo team are expected to be joining Zoom.

Workvivo was founded in 2017. The company has over 100 employees, and presence in Ireland, the UK and USA. Workvivo customers include Liberty Mutual, Lululemon, Ryanair, Madison Square Garden, and Wynn Resorts according to the company.

[Image courtesy: Workvivo]

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.