LinkedIn has announced that it has entered into an agreement to acquire employee engagement platform Glint, a provider of employment engagement services for businesses and other organizations.
The integration of Glint's technology will aim to combine employee work feedback, culture and leadership to provide employers with the insights they need to translate the data into action and enhance the overall work performance and experience.
"Imagine, through our combined offerings, that we can translate the specific feedback a manager gets from their employees on Glint into a personalized LinkedIn learning experience focused on the topics that will help them improve, thus making the feedback much more actionable," commented Daniel Shapero, VP of talent solutions, careers and learning at LinkedIn.
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A CNBC report stated that the deal costed LinkedIn more than $400m, but another source has claimed the deal topped $500m. All sources "asked to remain unnamed because the price was confidential. A LinkedIn spokesperson declined to comment on the price", CNBC said.
Glint CEO Jim Barnett said in a blog post: "Our insights into people success, along with LinkedIn’s insights into the broader workforce, will be a powerful combination that can help customers attract, develop, and retain the best talent."
According to LinkedIn's Shapero, Glint will work alongside LinkedIn to help talent leaders "answer all those difficult questions".
Additionally, on the partnership, Shapero said: "Glint will operate as a team within LinkedIn so that they can maintain and accelerate business momentum. All other Glint executives will continue to report to Jim Barnett with the exception of HR, finance, information security, and legal, who will join the functional teams at LinkedIn. Over the next 12–18 months we plan to functionally integrate the teams within LinkedIn."