SOCIAL EMPLOYEE RECOGNITION SYSTEMS MARKET ANALYSIS

Key Developments

• In May 2023, a France-based organization, Edenred, acquired an employee engagement company, Reward Gateway, combining their strengths to offer a comprehensive and innovative suite of employee services. This strategic acquisition integrates Reward Gateway's expertise in digital employee benefits, employee savings, recognition, and rewards programs with Edenred's extensive portfolio, enhancing the overall value proposition for HR leaders and employees alike.
• In May 2022, Terryberry, a private U.S. company that specializes in employee recognition and award programs, expanded its offerings by acquiring Walker Tracker, a prominent player in the social employee recognition systems market. This strategic acquisition enabled Terryberry to enter the social recognition space, bolstering its capabilities and enhancing its overall value proposition for clients.
• In September 2021, Achievers, a leading provider of employee engagement and recognition solutions, unveiled the Achievers Employee Experience Platform at its annual Achievers Customer Experience (ACE) conference. This connected ecosystem of products and integrations empowers organizations to implement a dynamic and personalized employee experience strategy, addressing the evolving needs of the modern workforce.
• In June 2020, Tanium, a privately held cybersecurity and systems management company formed a strategic alliance with Salesforce, is an American cloud-based software company to revolutionize employee service management, combining their expertise to deliver innovative solutions that enhance the employee experience.