Chronus, a mentoring software platform based in Seattle, recently acquired Imperative, another Seattle startup focused on building tools for employee engagement. Imperative, founded in 2014, had raised $3 million in 2020 to support the growth of its platform, which facilitates conversations between colleagues and helps enhance organizational effectiveness. The acquisition brought together two companies with complementary goals of improving employee engagement and productivity.
Aaron Hurst, the co-founder and former leader of Imperative, had also founded Board.Dev in the past year to increase tech representation on nonprofit boards. Steve O’Brian took over as CEO of Imperative following Hurst’s departure. The acquisition by Chronus is seen as a strategic move to combine efforts in understanding and promoting employee purpose, which has become increasingly important to modern workers. By working together, the companies aim to drive engagement and productivity among employees, ultimately benefiting both organizations and their clients.
The merging of Chronus and Imperative’s resources, technology, and expertise is expected to enhance their ability to provide innovative solutions for employee engagement. By leveraging Imperative’s platform for facilitating conversations among colleagues, along with Chronus’ mentoring software, the two companies can offer a comprehensive suite of tools to help organizations improve communication and collaboration among their employees. This combination of technologies aims to create a more cohesive and efficient work environment, leading to increased productivity and employee satisfaction.
David Satterwhite, CEO of Chronus, believes that understanding and supporting employee purpose are crucial in today’s workforce, where workers are increasingly seeking meaning and fulfillment in their jobs. By uniting efforts with Imperative, Chronus can better address these needs and help organizations create a work environment where employees feel motivated and engaged. The strategic move is not only beneficial for the companies involved but also for their clients, who will have access to a more comprehensive set of tools and resources to enhance employee engagement and productivity.
The partnership between Chronus and Imperative reflects a growing trend in the business world towards prioritizing employee engagement and well-being. Organizations are recognizing the importance of creating a positive work culture where employees feel valued and motivated to perform at their best. By combining their expertise, technologies, and resources, Chronus and Imperative are positioning themselves as leaders in the field of employee engagement, offering innovative solutions to help organizations foster a more engaged and productive workforce.
Overall, the acquisition of Imperative by Chronus signals a strategic move towards enhancing employee engagement and productivity in the modern workplace. By joining forces, the two companies can leverage their respective strengths to provide organizations with comprehensive solutions for fostering a positive work culture and enhancing communication and collaboration among employees. With a focus on understanding and supporting employee purpose, Chronus and Imperative are well-positioned to drive engagement and productivity within organizations, ultimately benefiting both employees and the businesses they work for.
