Karelab, a Montreal company that provides tools and personalized services for measuring and boosting performance, engagement, and recognition workplaces, announced its first acquisition in fellow Quebec company Propulse.
Propulse provides bilingual and anonymous surveys designed to accurately and regularly measure employee satisfaction. Each week, the software sends employees a flash survey that can be completed in less than two minutes. Over five weeks, the Propulse Cycle surveys the fundamentals of employee satisfaction: employee expectations, skills, recognition, work relationships and availability of materials.
As Karelab has built its company based on gamifying human resources functions — and creates modules for interaction and training, motivational campaigns, games, and quizzes — the acquisition of Propulse seems a fitting addition to its platform.
“The addition of Propulse to our products will enable us to offer our existing clients a unique solution and help us reach out to small- and medium-sized companies, a market with exceptional potential,” said Marc-André Lanciault, president of Karelab. “This acquisition is part of a strategic plan that seeks to make Karelab a leading world provider of innovative management solutions for employee performance, recognition and reward.”
Karelab, which is used by at least 100,000 employees globally, said it has plans to continue accelerate growth in both Canada and the United States, and launch a new version of its platform that will be more accessible to small- and medium-sized companies.