Ally.io, a Microsoft subsidiary that specializes in OKR solutions, has been acquired.
The company announced the acquisition in a blog post, claiming it expects the transaction to “improve the employee experience by aligning people’s work with team goals and corporate mission.”
Ally.io will link Microsoft Viva, the company’s “employee experience platform,” which aims to bring together data, communications, learning resources, and more into one place.
It runs on Microsoft 365, the company’s cloud-based collaboration package, and is integrated into Microsoft Teams. There are currently four modules: Connections, Insights, Topics, and Learning.
Ally.io is a global OKR platform that aims to give everyone in an organization visibility and clarity into their complete workflow, linking daily work with the firm’s overall strategic goals.
It debuted in 2018 and has been adopted by more than 1,000 “leading high-tech, manufacturing, financial services, and healthcare organizations” from more than 80 countries around the world according to Microsoft’s statement.
Providing remote working solutions to businesses
Over the following year, Microsoft will increase its investment in order to bring Ally.io into the Microsoft cloud, Microsoft Teams, and integrate it into Viva, Office, Power BI, and other aspects of the Microsoft 365 suite.
“We are extremely dedicated to a seamless migration for all customers as we incorporate Ally.io into the Microsoft cloud,” COO and Corporate VP for Experiences and Devices Kirk Koenigsbauer added in his blog post.
The acquisition of the business by Microsoft is an endorsement of the concept of assisting firms adjust to the new normal and the realities of remote working, according to Mariani.
Ally.io has raised a total of $76 million in two funding rounds thus far, with financial terms undisclosed.