LinkedIn acquires Glint to better understand how employees feel about their employers

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linkedin glint acquisition

Source: LinkedIn

 

LinkedIn has acquired a software startup to help human resources managers better understand employer-employee relationships.

CNBC sources said LinkedIn paid at least $400 million for Glint, making it the company’s most expensive purchase since Microsoft bought it in 2016.

Glint lets HR departments survey employees and analyze how employees stack up with each other. It alerts them when teams feel demotivated about work through results. And it sends these results to managers so they can take steps to improve future survey results.

Glint started in 2013 with a headquarters in Redwood City, California, and 200 employees. Its customers include Alphabet’s Waymo, United Airlines, and Dish Network.

With an extensive customer base, Glint accelerates careers and has the trust of talent leaders, writes Daniel Shapero, head of talent and learning products at LinkedIn.

“Glint’s mission to help people be happier and more successful at work aligns perfectly with LinkedIn’s mission to connect the world’s professionals to make them more productive and successful.”

“We are excited about the possibilities that could come from the integration of Glint and what we can deliver together to advance the growth of Glint. The Glint team is one that understands that great companies are built by great teams, and great teams are fueled by a great culture. We couldn’t be happier that the talented team at Glint will be joining LinkedIn.”

Glint CEO and founder Jim Barnett will report to Shapero. And Glint will work as a team under LinkedIn to streamline and accelerate momentum.

With the exception of HR, information security, legal and finance, Shapero says all other Glint executives will still report to Barnett. The exceptions will merge with their respective LinkedIn counterparts.

“Together, we will be taking a major step toward achieving our vision to create a world where people love their jobs. We couldn’t be more thrilled with the partner we’ve decided to continue this journey with. Our insights into people success, along with LinkedIn’s insights into the broader workforce, will be a powerful combination that can help customers attract, develop, and retain the best talent,” blogs Barnett on their website.

“Beyond the synergies that exist between our products and goals, we’ve found a plethora of reasons to believe that LinkedIn is the right home for us. Our missions are incredibly well-aligned, focusing on helping people be more successful at work.”

A Series of Big Acquisitions

In June 2016, Microsoft made headlines on a $26.2 billion LinkedIn acquisition. By far, its largest acquisition.

Two years later, Microsoft purchased GitHub for $7.5 billion. Microsoft CEO Satya Nadella said, like LinkedIn, they want to keep GitHub operations independent to avoid disrupting workflows.

Microsoft’s latest fiscal year report ending June 30 shows that LinkedIn raised its revenue by 130 percent to $5.3 billion.

Last month, Microsoft announced it will include commercial revenue from LinkedIn. It will use premium subscriptions, Sales Navigator, LinkedIn Recruiter, and other services in a metric for investors called Commercial Cloud.


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Author: Francis Rey

Francis is a voracious reader and prolific writer. His work appears on SocialBarrel.com and several other websites, covering social media, technology and other niches.

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