August 4, 2021
GCA advises SocialChorus on its merger with Dynamic Signal
GCA acted as advisor to SocialChorus, who has entered into a definitive merger agreement with Dynamic Signal, bringing together two high-growth SaaS leaders in the digital employee experience (DEX) space. Sumeru Equity Partners (SEP) will make a significant new growth investment in SocialChorus and subsequently fund the combination with Dynamic Signal. In addition, senior management and existing investors of both companies will invest a meaningful stake into the transaction.
SocialChorus and Dynamic Signal joining forces is a leap forward in the mission to transform how companies connect every worker with the right information at the right time. This combination will accelerate the move away from destination site delivery models to an orchestrated digital employee experience that fosters employee productivity and well-being.
SocialChorus and Dynamic Signal will unite under the leadership of Gary Nakamura, CEO of SocialChorus, and an executive team comprised of Dynamic Signal and SocialChorus team members. Three representatives from the Dynamic Signal board of directors, including Eric Brown, CEO of Dynamic Signal, will join the current SocialChorus board of directors to form the board of the combined company.
“The digital employee experience of an organisation is not a destination, it’s an expectation and experience that meets the needs of a distributed and diverse workforce. To truly solve the problem, meeting workers where they are with personalised information and resources is critical. The combination of SocialChorus and Dynamic Signal presents a huge opportunity for growth and innovation on the journey to give customers what they need to create an unparalleled digital employee experience.”
“I am incredibly excited that Dynamic Signal and SocialChorus are combining to create the best platform in the industry,” added Brown. “Together, we will build on the shared belief that organisations must create a digital employee experience that lifts all workers, giving them equitable access to information and a voice in the conversations that move their company and cultures.”
GCA acted as exclusive financial advisor to SocialChorus.