Visier Acquires Collaboration Analytics Specialist Yva.ai
People analytics technology firm Visier today announced the acquisition of Yva.ai, a collaboration analytics vendor, at its Outsmart customer conference. The terms of the deal, which closed in April, were not disclosed.
The goal of the acquisition is to help companies get a better understanding of the state of employee wellbeing, satisfaction and productivity, and put Visier in the position to be "the most complete source of the human truth inside an organization," according to Ryan Wong, CEO and co-founder of the Vancouver, B.C.-based company.
Collaboration analytics has become an important piece of that puzzle, particularly as teams work in a mix of in-office and hybrid environments. The winners of the next 25 years will be companies that best understand their employees, Wong said.
"Collaboration analytics reveals new insights into how people and teams work together," he said in an email interview with Reworked. "Managers gain a better understanding of team dynamics, employee wellbeing and uncover the authentic informal leaders within their organizations. Individuals benefit from a deeper understanding of where they are spending time, who they are working with and how to improve their interactions, collaboration and performance."
What Yva.ai Brings to the Table
Founded in 2016, Santa Clara, Calif.-based Yva.ai collects data from corporate technology tools, including Microsoft's Office 365 and Teams, Zoom and Slack, and then uses AI to target and collect additional peer-to-peer feedback on a weekly basis.
The goal is to generate insights on the state of employee wellbeing and productivity by identifying burnout risks, which teams work best together, the impacts of hybrid and remote work, and which people within the organization are central to performance and culture, according to the company.
"Collaboration analytics provides the active and passive listening that leaders can use to understand how effectively people and teams are getting work done together, with a special focus on the networks between people, the impact each person is having and the overall wellness of their teams," Wong said.
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What's Next After the Acquisition
Visier last made news in March with the launch of Visier People Cloud, a product designed to help executives improve business performance by making better decisions about their people and teams. Wong said the Yva.ai acquisition is a further step on the company's product roadmap to bring people analytics together with collaboration analytics.
He also said the combination of the two will have benefits for individual employees. "Everyone today is looking for insight from their peers on their performance and on the work they are delivering together," Wong said. "These capabilities are like having a personal digital coach that can help you define and deliver on your personal and professional growth."
Privately held Visier has received $216.5 million in funding since its founding in 2010, according to Crunchbase, and has 15,000 customers in 75 countries, including large enterprise clients Adobe, BASF, Bridgestone, McKesson and Merck.
In August 2021, the company released Visier NOW, which includes an employee retention-focused service and guided diversity-planning feature. Visier also partnered with enterprise learning platform Degreed in November 2021 to provide Degreed Intelligence, an analytics tool to visualize workers' skills.
In addition to the acquisition of Yva.ai's technology assets, Visier brought on more than 30 Yva.ai engineers and data scientists, according to the press release announcing the deal.