Microsoft has acquired Ally.io, an OKR (objectives and key results) software company. Ally.io's software -- also known as a goal management and business execution platform -- will tuck into Microsoft's Viva employee experience platform (EXP), the buyer said. Financial terms of the deal were not disclosed.This is technology M&A deal number 630 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.Ally.io, launched in 2018, now supports more than 1,000 high-tech, manufacturing, financial services and healthcare businesses across more than 80 countries, Microsoft indicated. That technology will evolve to become a new Microsoft Viva module. The overall system is powered by Microsoft 365 and Microsoft Teams.Ally.io was backed by venture capital funding ahead of the M&A deal. Indeed, the company raised $50 million in Series C funding in February 2021. That round was led by Greenoaks Capital, which participation from Tiger Global, Madrona Venture Group, Accel, Addition Ventures, Founders’ Co-Op, and Vulcan Capital. Total funding since the company's inception through February 2021 was $76 million.
Microsoft Buys Ally.io: Potential OKR Benefits for Partners, Customers
The Microsoft-Ally.io deal arrives as businesses and employees strive to balance work-from-anywhere freedoms with the continued stress of the COVID-19 pandemic. Amid those business and life realities, Ally.io helps to help keep employees focused on the right priorities, according to Microsoft. For instance, the buyer said, Ally.io helps to:- Align team members with a company’s strategic mission and core priorities.
- Give everyone in the organization visibility and clarity into the entire work process, connecting everyday work to the company’s strategic objectives.
