Microsoft has acquired Ally. io, a US and Chennai-based software firm
Ally.io is a business software that helps organisations
It works towards setting an organisation’s goals and measuring work progress
This is commonly known as the ‘Objectives and Key Results’ segment
Ally.io will be integrated with Microsoft Viva, Microsoft’s new employee experience platform
A comprehensive employee experience platform is imperative for success, said Microsoft chairman Satya Nadela
Ally.io was launched in 2018 by a former Microsoft employee
The Seattle-headquartered SaaS firm has its development centre in Chennai
It has over 1,000 customers in 80 countries
Ally.io has cumulatively raised around $80 million in funding to date over three rounds
The firm’s backers include Tiger Global, Accel, Greenoaks Capital and others
In February, the startup raised around $50 million in Series C round
Green Oaks Capital, Madrona Capital and Tiger Global led the round
As per Ally’s website, its customers include DropBox, NetApp, Slack, and others
