Add-on Acquisition • Software

Achievers Acquires TemboSocial

On October 21, 2020, Achievers acquired software company TemboSocial

Acquisition Context

This is Achievers’ 1st transaction in the Software sector.
This is Achievers’ 1st transaction in Canada.
This is Achievers’ 1st transaction in Ontario.

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M&A Deal Summary
Date	October 21, 2020
Target	TemboSocial
Sector	Software
Buyer(s)	Achievers
Deal Type	Add-on Acquisition

Target Company

TemboSocial

Toronto, Ontario, Canada

TemboSocial, Inc. is an innovative provider of employee feedback and recognition tools. TemboSocial clients are able to drive platform adoption, reduce risk, and provide all lines of business with the modern tools they expect. TemboSocial, Inc. was founded in 2002 and is based in Toronto, Ontario.

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Buyer Overview 1

Buyer

Achievers

San Francisco, California, United States

Category	Company
Founded	1995
Sector	Internet Software and Services

DESCRIPTION

Achievers is a provider of employee recognition and rewards solutions designed to help companies increase employee engagement. Achievers delivers an employee success platform™ that enables social recognition, which dramatically increases employee engagement and drives business success. Achievers was founded in 1995 and is based in San Francisco, California.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2020	1 of 1

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