SocialChorus and Dynamic Signal, two high-growth SaaS leaders in the digital employee experience (DEX) space, announced that they have completed their previously-announced merger in a transaction led by Sumeru Equity Partners. The combined company will continue to operate under their current brands until a unified brand is announced later in 2021.
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The combination of SocialChorus and Dynamic Signal will create the most innovative and customer-focused provider of digital employee experience cloud-based software. Over 15 million employees across more than 500 customers, including nearly half of Fortune 100 companies, are leveraging the combined organization’s software solutions to foster employee productivity and well-being.
As previously announced, the combined company will unite under the leadership of Gary Nakamura, CEO of SocialChorus. In addition to Nakamura, the combined company will be led by a leadership team made up of executives from both SocialChorus and Dynamic Signal.
“The closing of this transaction is the first step to realizing the great benefits of this combination, and I want to thank the teams at Dynamic Signal and SocialChorus for their incredible efforts which enabled us to reach this milestone,” said Gary Nakamura. “Together we are guided by a shared vision, common values, and laser focus on our customers. We are excited about our future and our vision as we can clearly see how we will unify the digital employee experience, continue to drive innovation and most importantly value for our customers.”
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