I am proud and humbled by what we have accomplished in the past decade and grateful to all who have contributed to our success. "Virgin Pulse is in the best financial and operational condition it has ever been in, and we are poised for a great future. "Our vision, strategy, and product differentiators have put us in a position to dominate the industry," said Mr. Boyce spearheaded Virgin Pulse's strategic acquisitions of Global Corporate Challenge (GCC) in Melbourne, Australia, and ShapeUp, in Providence RI, which solidified the company as the global leader in employee wellbeing and engagement. The company's founder and previous CEO, Chris Boyce, who architected Virgin Pulse's strategy and vision and led the successful evolution and expansion of the company over the past eleven years, has been appointed vice chairman of the company's board of directors. Osborne will continue to execute a plan focused on expediting the adoption of Virgin Pulse's software-as-a-service (SaaS) employee wellbeing and engagement solutions globally. Osborne's appointment comes as the company closes an historic quarter, posting record bookings and revenue across its global client base, and is on track for the strongest year in its history.
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“With this investment.," Boyce said, "we plan to delve further into the scientific research that backs our habit-forming platform, hire new team members, and potentially make some acquisitions.FRAMINGHAM, MA -(Marketwired - June 29, 2017) - Virgin Pulse, the leading global provider of employee wellbeing and engagement technology solutions, today announced that David Osborne, the company's president and chief operating officer, has been appointed chief executive officer of the company. The substantial round of funding may also enable Virgin Pulse to snap up some of its smaller competitors, too. He also positions the company as less insurer-focused than others and more focused on employers. It also might (someday) be the kind of company Virgin Pulse CEO Chris Boyce had in mind when he told Fortune's Dan Primack that Virgin Pulse probably won't IPO but would make sense as an eventual acquisition by a large company in the human capital space.īoyce also told Fortune that Virgin Pulse now has about 250 enterprise customers that include about 2 million employees.
#VIRGIN PULSE SOFTWARE#
Fast-growing company Zenefits, which provides HR software and services, is another Insight investment. Insight has invested in a great number of companies in the past, but Virgin Pulse is, apparently, its first digital health portfolio company. With this new partnership with Insight Venture Partners, experts in investing in innovative technology companies, we look forward to seeing the Virgin Pulse team deliver even more game-changing solutions that make workforces across the world healthier, happier, and more productive.” “We invested in this business as a start-up and see huge opportunities for continued global growth.
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Virgin Pulse is the perfect example of an organization that’s helping companies do precisely that,” Sir Richard Branson, Virgin Group Founder, said in a statement. “Virgin has long held the belief that if you take care of your employees, they’ll take care of your business. Insight Venture Partners gets two board seats as part of its investment, so its managing director Nikitas Koutoupes and VP Anika Agarwal will join Virgin Pulse's board. Virgin Pulse looks to help HR departments drive engagement in any of their programs, not just step count competitions - although, they support those too along with nutrition and mood tracking. Its programs tackle everything from sleep, and stress management to relationship building, volunteerism, and financial management. The company is pitching "better quality of life" for employees and "higher productivity and performance" for the companies they work at. Virgin Pulse rebranded from Virgin HealthMiles in late 2013 and announced a new, broader focus on employee engagement, not just health.Ī few weeks ago Virgin Pulse announced a revamped version of its employee engagement offering, which includes behavior change programs that cover physical, mental, and emotional wellbeing. One of the longest-running employee wellness platform companies, Virgin Pulse, announced its first outside investment, $92 million led by venture capital firm Insight Venture Partners with participation from existing investor, Virgin Group.