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RRN News...Awardco Latest Round...WorkTango Adds AI...One10 Elevates Exec

Awardco raises more money....WorkTango adds more AI to its platform....One10 elevates executive to chief strategy role.

Awardco Valuation Exceeds $1 Billion
One10 Names Jason Lenard Executive V-P, Strategy and Innovation
WorkTango Expands AI Suite Across Recognition Platform

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Awardco Valuation Exceeds $1 Billion Awardco

 
Lindon, UT-based employee-rewards platform Awardco reports that it has reached a valuation of greater than $1 billion based on the latest round of financing: $165 million from Sixth Street Growth, Spectrum Equity, General Catalyst and Qualtrics' co-founder Ryan Smith.
 
Awardco says it “allows companies to move beyond traditional compensation by offering recognition, rewards and professional development options to employees. Its clients include US telecom giant AT&T and Photoshop-maker Adobe. The company says it has six million users across 163 countries and offers over 300 million reward options.
 

One10 Names Jason Lenard Executive V-P, Strategy and Innovation Jason Lenard

 
One10 Marketing, Minnetonka, MN, names Jason Lenard Executive Vice President, Strategy and Innovation. Previously, he was Vice President of Strategy, and before that Senior Director of Strategy, as part of his 24-year career at the company.
 
In announcing the promotion, Bob Miller, CEO says Lenard’s “curiosity, insight, and unwavering commitment to our clients have been the guiding forces propelling his leadership journey. His experience makes him uniquely equipped to guide One10’s next phase of growth. In our latest blog, Jason shares what he has learned over the years, how he approaches innovation, and why he believes culture is the heartbeat of One10.
 
Says Lenard in a company blog, “The current economic environment puts a premium on performance and return-on-investment, so we must continue to hustle and raise the bar every day.”
 

WorkTango Expands AI Suite Across Recognition Platform worktango

 
WorkTango, a SaaS-based employee experience technology company based in Toronto, announces the second installment of Generative AI across its platform.
 
The company says it is “now embedded across key areas of the WorkTango Employee Experience Platform, including surveys and insights and recognition and rewards. “The enhanced capabilities deliver timely, actionable insights into employee sentiment, team dynamics, and leadership behaviors, empowering human resources to drive strategy with data and enabling people leaders to take focused action to improve employee engagement and performance,” the company says.
 
Explains Nadir Ebrahim, Chief Product and Customer Officer, "Expanding AI across our entire platform suite gives clients faster, clearer insights they can use to lead more effectively and support their teams in real-time." New AI features include:
  • Comment summaries and themes
  • Recognition quality scores
  • Leadership scores and archetypes
  • Leadership nudges 
  • Recognition writing assistant.

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