Globoforce®, the leading provider of social recognition
solutions, today announced that it has chosen to defer on its planned
initial public offering.
"Despite receiving overwhelming interest in our initial public offering,
we have decided to postpone our offering until market conditions are
more favorable for our company and our customers," said Eric Mosley, CEO
of Globoforce. "Our growth objectives and market opportuity remain the
same. Our goal hasn't changed. We remain committed to extending our
leadership position in the social recognition market and look forward to
the months ahead."
Globoforce is a leading provider of social recognition solutions,
redefining how companies understand, manage, and motivate their
employees. Innovative companies around the world use Globoforce's
cloud-based social recognition software to reveal the true performance
and influence of every employee and strengthen company culture. With
Globoforce, HR and business leaders can take a strategic approach to
recognition programs that result in measurable benefits to the bottom
line driven by increases in employee engagement, retention, and
productivity. Globoforce is co-headquartered in Southborough,
Massachusetts, and Dublin, Ireland.
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