Simpplr, a leading provider of modern intranet software, has recently secured $70 million in funding to revamp corporate intranet and enhance employee engagement. The funding round was led by Norwest Venture Partners, with participation from Salesforce Ventures, Cornerstone OnDemand, and others.
Simpplr’s intranet software is designed to help companies improve communication, collaboration, and productivity among employees. The platform offers a range of features, including news and announcements, employee directories, social networking tools, and more. With the new funding, Simpplr plans to further enhance its platform and expand its reach to more companies around the world.
One of the key areas of focus for Simpplr is employee engagement. According to a recent Gallup survey, only 34% of U.S. employees are engaged at work. This lack of engagement can lead to decreased productivity, higher turnover rates, and other negative outcomes for businesses. Simpplr’s intranet software aims to address this issue by providing employees with a more engaging and collaborative work environment.
Simpplr’s platform is also designed to be easy to use and customizable. Companies can tailor the platform to their specific needs and branding, making it a seamless part of their overall corporate culture. This flexibility has helped Simpplr attract a wide range of clients, including Fortune 500 companies like AAA, Workday, and Vertex Pharmaceuticals.
In addition to enhancing employee engagement, Simpplr’s intranet software can also help companies improve their overall business operations. By providing employees with easy access to information and resources, the platform can streamline workflows and reduce inefficiencies. This can lead to cost savings and increased profitability for businesses.
Overall, Simpplr’s $70 million funding round is a significant milestone for the company and the broader intranet software industry. As more companies recognize the importance of employee engagement and collaboration, demand for modern intranet solutions like Simpplr’s is likely to continue growing. With its new funding, Simpplr is well-positioned to capitalize on this trend and help companies around the world improve their workplace culture and productivity.
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