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15Five completes acquisition of Kona to enhance manager enablement for remote work

Jan 28, 202511 months ago

Acquiring Company

15Five

Acquired Company

Kona

San FranciscoSan FranciscoAdministrative ServicesSoftwareEmployee BenefitsHuman ResourcesEnterprise SoftwareSaasSoftware

Description

15Five, the performance management platform, has successfully acquired Kona, the AI-powered assistant and coach for remote managers. This acquisition enables 15Five to deploy manager enablement at scale and drive high-impact behaviors effortlessly within the existing flow of work, expanding its impact beyond the existing platform.

Company Information

Company

15Five

Location

San Francisco, California, United States

About

15Five is the holistic performance management company. 15Five equips HR teams with a complete, single-platform solution to improve manager effectiveness, drive high performance and engagement, and increase retention. By combining easy-to-use software with coaching, manager training, and a thriving professional community, 15Five’s approach provides HR leaders with everything they need to achieve their strategic people objectives. 15Five offers a full suite of products including 360 performance reviews, in-depth engagement surveys, robust goal & OKR tracking, and weekly manager-employee feedback tools like 1-on-1s and pulse ratings. Together, all of these enable HR leaders to continuously measure engagement and performance within the flow of work and then empower their managers to drive change from the bottom up. HR leaders at over 3,400 companies, including Credit Karma, Spotify and Pendo rely on 15Five’s software and services to make their talent a growth driver.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed