SALT LAKE CITY, Sept. 18, 2017 /PRNewswire/ -- O.C. Tanner, the global leader in employee recognition and workplace culture, today announced it has signed an agreement to acquire Accumulate Loyalty Services Limited, a leading Australian provider of employee recognition and incentive solutions. This acquisition will enable O.C. Tanner to better support its large multinational clients who have employees and operations in Australia, and further expands O.C. Tanner's existing global presence in the United States, Canada, Europe, Singapore and India.
"This is a natural coming together of two industry leaders – deciding to join forces with Accumulate was an easy decision," said Dave Petersen, CEO of O.C. Tanner. "Our shared vision for helping clients engage their people, along with our similar company cultures makes this a very exciting opportunity."
Accumulate's offerings complement O.C. Tanner's position as the worldwide leader in employee recognition and culture. A history of continuous investment and leadership in cutting-edge technology development allows O.C. Tanner to offer the industry's best suite of products and services.
"Accumulate is the go-to recognition and incentive partner for ASX200 companies," said Alan Heyward, Managing Director at Accumulate. "We're thrilled to be joining the O.C. Tanner family - there's great strategic and cultural alignment, and we look forward to combining our respective strengths and knowledge to deliver leading solutions to our growing client base in Australia and internationally."
The pending acquisition also provides an opportunity to bring the O.C. Tanner Institute, with its deep research and publishing capabilities, into the Australian market. The Institute provides insights and foresight into global industry trends surrounding employee engagement and culture, as well as future product development initiatives.
As Accumulate becomes a wholly owned subsidiary of O.C. Tanner's global network, it will continue to deliver its distinguished products and services to its clients. Qantas, the previous owner of Accumulate, will continue its relationship with the company as its employee recognition client. In addition, O.C. Tanner's product suite will now be available for both multi-national clients and Australian clients.
O.C. Tanner and Accumulate will begin their work of creating engaging workplace cultures together as the new relationship becomes official after the completion of the sale process on October 31, 2017.
About O.C. Tanner
O.C. Tanner, the global leader in employee recognition and culture, helps thousands of top companies accomplish and appreciate great work. Twenty-five of the Fortune 100 Best Companies To Work For® use O.C. Tanner's cloud-based technology, tools, awards and services to engage talent, increase performance, drive goals and create great workplace cultures. For more information visit octanner.com.
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SOURCE O.C. Tanner