Achievers is a Canadian employee engagement and recognition software company co-headquartered in Toronto, Canada, Victoria, Australia, and Manchester, UK.
History
Achievers (formerly I Love Rewards) was founded in 2002 by Razor Suleman in Toronto, Canada. He decided to start Achievers upon being appointed to provide a solution for a consulting project for a large corporate client that wasn't having a lot of success motivating their employees.
In 2007, Achievers raised $3.3 million in its Series A funding round led by Laurence Capital, Relay Ventures,
and JLA Ventures followed by a Series B funding round worth $6.9 million in 2009.
In September 2010, the company opened its office in Boston and changed its name to Achievers,
and in May 2011 opened its office in San Francisco, California to function as the company's US headquarters.
In September 2011, Achievers received $24.5 million in its Series C funding round led by
Alfred Lin's American venture capital firm,
Sequoia Capital
Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total a ...
, and supported by GrandBanks Capital, JLA Ventures and Ontario's Venture Capital Fund.
In the same year, Suleman was named a recipient of the
Ernst & Young Entrepreneur of The Year Award
The EY Entrepreneur of the Year Awards previously Ernst & Young Entrepreneur of the Year Awards is an award sponsored by Ernst & Young in recognition of entrepreneurship.
Founded in 1986 in Milwaukee as a single award, as of 2016 twenty-five pro ...
.
In 2015, Suleman sold Achievers to
Blackhawk Network
Blackhawk Network Holdings Inc. is an American privately held company that operates in the Debit card#Prepaid debit cards, prepaid, gift card and payments industries. It sells branded physical and digital gifts, phones, prepaid debit, and incent ...
for $150 million. In 2018, Blackhawk went from a public company to a private company, during which time Achievers spun out from Blackhawk as a separate entity and is now co-owned by
Silver Lake
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
and P2 Capital Partners.
In 2020, Achievers acquired TemboSocial, a Canadian software startup that develops employee recognition and feedback solutions.
Achievers has been recognized by numerous organizations for its workplace culture and technological achievements, including Great Place to Work, HRO Today's Bakers Dozen, Brandon Hall Group, Stevie award
and ranked in the second place in the smaller-business category of this year's Best GTA Employers awards in 2011.
Achievers software
The Achievers employee experience platform is designed to provide HR teams with a suite of employee engagement programs to connect employees and build cultures of belonging.
References
{{reflist
External links
Official website
Organizations established in 2002
Software companies of Canada
2002 establishments in Canada