Achievers
TypePrivate
IndustryHuman Capital Management Software
FoundedToronto, Canada (2002 (2002))
FounderRazor Suleman
Headquarters
  • Toronto, Canada, Victoria, Australia, Manchester, UK
Websiteachievers.com

Achievers is a Canadian employee engagement and recognition software company co-headquartered in Toronto, Canada, Victoria, Australia, and Manchester, UK.[1]

History

Achievers (formerly I Love Rewards[2]) was founded in 2002 by Razor Suleman in Toronto, Canada.[3] He decided to start Achievers upon being appointed to provide a solution for a consulting project for a large corporate client that wasn't having a lot of success motivating their employees.[4][5] In 2007, Achievers raised $3.3 million in its Series A funding round led by Laurence Capital, Relay Ventures,[6][7] and JLA Ventures followed by a Series B funding round worth $6.9 million in 2009.[7] In September 2010, the company opened its office in Boston and changed its name to Achievers,[8][9] and in May 2011 opened its office in San Francisco, California to function as the company's US headquarters.[7][10]

In September 2011, Achievers received $24.5 million in its Series C funding round led by Alfred Lin's American venture capital firm, Sequoia Capital, and supported by GrandBanks Capital, JLA Ventures and Ontario's Venture Capital Fund.[11][12][8] In the same year, Suleman was named a recipient of the Ernst & Young Entrepreneur of The Year Award.[5][13]

In 2015, Suleman sold Achievers to Blackhawk Networks for $150 million.[14][15] In 2018, Blackhawk went from a public company to a private company, during which time Achievers spun out from Blackhawk as a separate entity and is now co-owned by Silver Lake and P2 Capital Partners.[16][17]

In 2020, Achievers acquired TemboSocial, a Canadian software startup that develops employee recognition and feedback solutions.[18][19]

Achievers has been recognized by numerous organizations for its workplace culture and technological achievements, including Great Place to Work,[20] HRO Today's Bakers Dozen,[21] Brandon Hall Group, Stevie award[22] and ranked in the second place in the smaller-business category of this year's Best GTA Employers awards in 2011.[9]

Achievers software

The Achievers employee experience platform is designed to provide HR teams with a suite of employee engagement programs to connect employees and build cultures of belonging.[18]

References

  1. ↑ Takahashi, Dean (2011-09-29). "Achievers raises $24.5M for employee rewards platform". VentureBeat. Retrieved 2023-12-08.
  2. ↑ Cohan, Peter. "Achievers Gets Sequoia's Capital To Boost Employee Engagement". Forbes. Retrieved 2023-12-08.
  3. ↑ Cohan, Peter. "Can $38 Billion Employee Incentives Industry Boost Corporate Profits?". Forbes. Retrieved 2023-12-08.
  4. ↑ Kosoff, Maya. "Why a founder on track to take his company public sold it for $110 million in cash instead". Business Insider. Retrieved 2023-12-08.
  5. 1 2 "How this employer stopped worker exodus". The Globe and Mail. 2012-11-16. Retrieved 2023-12-08.
  6. ↑ "Achievers". app.dealroom.co. Retrieved 2023-12-08.
  7. 1 2 3 "Toronto's Achievers snags US$24.5M in financing". Financial Post.
  8. 1 2 "Why would a company change its name?". The Globe and Mail. 2011-10-07. Retrieved 2023-12-01.
  9. 1 2 Star, Peter Gorrie Special to the (2011-11-23). "Enthusiasm key to fast-growing rewards company". Toronto Star. Retrieved 2023-12-01.
  10. ↑ Casserly, Meghan. "Find A Job The Online Dating Way". Forbes. Retrieved 2023-12-08.
  11. ↑ "Employee reward site raises $24.5 millon from Sequoia". Reuters. 2011-09-28. Retrieved 2023-12-08.
  12. ↑ Cohan, Peter. "Achievers Gets Sequoia's Capital To Boost Employee Engagement". Forbes. Retrieved 2023-12-08.
  13. ↑ Falconer, Kirk (2016-09-07). "Achievers' founder Razor Suleman appointed CEO of NEXT Canada". Venture Capital Journal. Retrieved 2023-12-08.
  14. ↑ "Gift Card Seller Blackhawk Expands With Achievers Buy". Investor's Business Daily. 2015-06-11. Retrieved 2023-12-08.
  15. ↑ "Entrepreneur incubator Next 36 hires its first CEO in tech millionaire Razor Suleman". Financial Post.
  16. ↑ "Two years after its own acquisition, Achievers buys TemboSocial | BetaKit". 2020-10-22. Retrieved 2023-12-01.
  17. ↑ "U.S. fintech firm Blackhawk to go private in $3.5 billion deal". Reuters. 2018-01-16. Retrieved 2023-12-01.
  18. 1 2 "Two years after its own acquisition, Achievers buys TemboSocial | BetaKit". 2020-10-22. Retrieved 2023-12-08.
  19. ↑ "PetSmart and Chewy are splitting three years after their tie-up". Fortune. Retrieved 2023-12-03.
  20. ↑ "Best Workplaces in Canada 2022: 100-999 employees". The Globe and Mail. 2022-04-29. Retrieved 2023-12-08.
  21. ↑ Roth, Audrey (2014-08-19). "Real-Time Rewards". HRO Today. Retrieved 2023-12-08.
  22. ↑ "2023 Winners in the Stevie Awards for Sales & Customer Service". mobile.stevieawards.com. Retrieved 2023-12-08.
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