Kudos Accelerates Market Dominance in Employee Recognition With Announcement of Growth Equity Investment by CBGF

• Canadian Tech Innovator Is Shaping Company Culture and Driving Employee Performance Amidst Global Shifts in Employee Expectations and Widespread Turnover.

Market-leading employee recognition, people analytics, and organizational communications platform Kudos, Inc. announces Canadian Business Growth Fund’s (CBGF) $10 million minority equity investment in the rapidly expanding company. The Canadian tech firm began an accelerated growth trajectory with unprecedented growth at the end of Q4 2020 and has only continued to build momentum from there. This investment further positions Kudos® for global expansion; Calgary-based Kudos® is expected to double its headcount to 120 employees in the Calgaryhttps://cbgf.com/ area and across Canada by the end of 2022.

Kudos® is taking a bold position in the HR and work technology market through their proprietary Performance Recognition approach that puts recognition first and creates lasting organizational performance and culture changes. Other rewards-focused vendors only generate short-term behavioral changes. In contrast, Kudos continues to invest in technology to better understand employee behaviors, identify performance at all levels, and promote positive workplace culture.

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Kudos®’ recognition-first approach provides companies with meaningful insights through Kudos® Analytics. These built-in people analytics empower clients to assess pain points to prevent employee turnover, drive performance amongst their teams, and develop a better understanding of their employee experience.

Kudos® is used in 80 countries by clients operating in a broad range of industries with remote, field, hybrid, and on-site teams. The Kudos® platform addresses many of the root causes of employee disengagement – a major contributing factor to the Great Resignation many employers are experiencing.

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“Today’s multi-generational workforce has unique needs and expectations, exacerbated by a shift to remote and hybrid environments. Creating culture online is hard. High-performing organizations are adapting quickly – they are committed to measuring and enabling employee recognition, culture, and performance.” said Muni Boga, CEO and Co-Founder of Kudos. “Kudos is a strategic technology partner for such organizations. This investment from CBGF will empower us to help more organizations worldwide make the necessary shift towards long-term employee enablement and improved company performance.”

“As the forces of the Great Resignation continue to impact companies across the world, Kudos® is positioned to fuel employee retention through long-term culture optimization, meaningful, and effective employee recognition, and impactful communication,” said George Rossolatos, CEO of CBGF. “At CBGF, we value growth through innovation and have an organizational commitment to put our employees first to best support our partnerships. That natural value-alignment with the great work Kudos® is doing makes this partnership a natural fit – we look forward to the growth ahead.”

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