Seamlessly integrated idea management to be standard component of Interact’s offerings
Perwyn backed Interact Software (Interact), a leading intranet solution provider for enterprise businesses across North America and EMEA, has announced the acquisition of Sideways 6, an integrated crowdsourcing and idea management platform that empowers employees and improves companies through the power of employee ideas.
Simon Dance, CEO of Interact Software, said: “Sideways 6 is the gold standard integrated employee idea platform that provides companies with real-time data on how their employees are feeling, what they need from their employer, and where the business can improve. Our enterprise customers need to harness this information from a variety of sources, and Sideways 6 allows us to easily integrate with existing systems and serve this functionality right inside the Interact intranet.”
Mark Deed, Investment Manager at Perwyn, said: “Since we first invested in the business in December 2020, Interact has continued to build on its position as a leading provider of pure-play intranet software for enterprises. Helping companies successfully execute on buy and build strategies is one of our key strengths as an investor and the team at Interact have implemented theirs with great success to date.
“This acquisition is perfectly timed, as it comes at a time when enterprises globally are seeking innovative ways to increase employee engagement and attract top talent in a highly competitive labour market.”
Will Read, CEO of Sideways 6, also commented: “Our customers, employees, and the whole Sideways 6 family are excited to join Interact and be a part of its amazing growth trajectory. With this development, Sideways 6 customers will benefit from our increased access to resources that drive innovation and bring more value to their business.”
April 2023