GoCo.io, the leading provider of flexible software solutions for HR, benefits, and payroll, has acquired WFHomie, an HR platform that helps remote-first companies enhance the employee experience as well as keep up with people analytics.
This is GoCo’s first acquisition and it follows a $15 million Series B funding round led by ATX Venture Partners in Q4 2022.
With the addition of WFHomie’s product portfolio and domain expertise, GoCo unlocks immediate cross-selling synergies and accelerates its product innovation in the space, helping their customers automate HR workflows that are efficient, intuitive, and loved by HR teams as well as employees, said a statement.
WFHomie is a leading Canadian employee experience platform that helps remote-first teams keep their employees productive and engaged. The platform provides distributed and hybrid companies with virtual experiences, employee recognition software, and people analytics tools that help HR teams better understand and manage their workforce and retain top employees. WFHomie enables companies to operate more effectively with data and seamless employee experience execution.
Speaking about its platform and the acquisition, Nir Leibovich, Co-founder & CEO of GoCo, said,
We know that employee experience is top of mind for SMBs and the HR teams that support them. Our team and our platform are growing rapidly in support of our mission to empower HR professionals, and this acquisition is a key step in that direction. It’s clear that the leadership of WFHomie shares our vision, passion, and excitement for creating innovative products that help companies build better workplaces. We’re confident that the WFHomie team will bring the expertise and agility we need to ship new products and expand our service offerings in line with that vision.
GoCo’s employee management platform is built with flexibility in mind, to help SMBs eliminate manual HR tasks, and empower them to prioritize strategic HR initiatives. Recent GoCo research found that 4 out of 5 HR professionals feel more pressure from leadership to retain top talent, and employee engagement programs are key to driving that retention.
With engagement and retention top of mind for HR professionals, GoCo is eager to expand its robust suite of employee management solutions with even more products and services aimed at enhancing employee experience and providing valuable people analytics for measuring engagement.
Pavla Bobosikova, Co-founder & CEO, WFHomie, said,
Nir and the leadership team at GoCo are dedicated to building a future where HR and People Ops leaders have the bandwidth to support their employees effectively and create thriving, high-performing workplaces. We share the same vision – to improve work-life for employees, while empowering organizations to operate more effectively.
As part of the transaction, the WFHomie team will join GoCo. Their focus will be to accelerate the next generation of innovative products for more engaging and data-driven workplaces.
GoCo.io is modernizing HR, benefits, and payroll with its flexible, easy-to-use, and industry-leading solution for SMBs. Its mission is to automate manual HR tasks and empower HR professionals to make work a better place. The company is headquartered in Houston, Texas, and serves customers nationwide.