Microsoft Buying VoloMetrix to Boost Its Workplace Analytics Tech
The deal will help Microsoft flesh out Office's workforce analytics capabilities by providing visibility into how employees interact and get work done.Microsoft is looking to improve Office collaboration and enhance the effectiveness of its productivity tools by focusing its analytics know-how on workforces with offerings like Delve and the upcoming Delve Organizational Insights product. Today, the company announced a new acquisition to further those aims. The software giant announced today that it entered into an agreement with VoloMetrix to acquire the organizational analytics cloud software provider for an undisclosed amount. Headquartered in Seattle, Wash., and with offices in San Francisco, VoloMetrix's big data processing platform monitors daily activities from productivity and business applications. It then applies behavioral analysis to provide businesses with visibility into their corporate culture and how their workforces function, enabling them to boost sales productivity, spur employee engagement and better manage their organizations. Last October, VoloMetrix announced it had raised $12 million in a Series B round of financing headed by Split Rock Partners, bringing its total funding to $17 million to date. The company, founded in 2011, counts Facebook, Qualcomm and "dozens" of Global 2000 firms among its customers. For Microsoft, VoloMetrix dovetails with its own people-centric Office technology initiatives.
"This acquisition will combine VoloMetrix' experience, technology and track record of success with Office 365 and our previously announced Delve Organizational Analytics," Rajesh Jha, corporate vice president of Microsoft Outlook and Office 365, said in a Sept. 3 announcement. "I am excited about this big step forward in our company ambition to reinvent productivity and business process, and how it will deliver new value to our customers with organizational analytics."