nGAGE Talent have made their first strategic acquisition of 2023. Ryalto is a technology business that specialises in workforce communications, engagement and the provision and booking of flexible work (or shifts). With a focus on worker (user) experience, Ryalto is primarily delivered as a 'social media style' mobile app but can also be accessed using the dedicated desktop version via a web browser. Backed by a powerful analytics module, organisations that use Ryalto have access to a rich, live data set that helps them develop their people and culture strategies based on real-time facts and figures.
Jon Bennett, CEO of Ryalto who remains in his role said
"We are thrilled that Ryalto has been purchased by nGAGE. Ryalto has been a success story for a number of years; onboarding and supporting blue-chip clients, gaining thousands of new users each year and experiencing significant revenue growth. For the next phase of our journey to be with nGAGE means our true potential can be reached; we can go faster with our growth in the healthcare & broader care sector, harder at our international expansion and continue our plan to explore other relevant sectors."
Whilst Ryalto has focused on healthcare and care over the last three years, working with clients such as Spire Healthcare, Circle Health Group, the NHS, Primary care providers (GPs) and a range of leading Social Care providers, other sectors will be keen to enjoy the significant cultural and financial benefits of using Ryalto.
Tim Cook, Group CEO of nGAGE Talent, said:
"This is a great strategic acquisition for nGAGE. It adds significantly to the breadth of HR Tech that we are able to offer to solve our customer’s diverse range of needs. Today, many companies fundamentally rely on a disparately located workforce that wants, and often needs,to work flexibly and that expect to be able to manage their working lives, including how and when they work, using mobile apps. Ryalto is proven to meet this challenge in care whilst getting five star feedback from the users - that is quite an achievement! nGAGE can help take it so much further and support the addition of even more exciting features and functions for current and future users and customers across a range of sectors."
The nGAGE leadership team analysed the market carefully, understanding that many organisations need to build better capability when seeking to manage, engage and deploy their workforce yet with so few having the capability or tools to do it efficiently or cost effectively.
Tim Cook went on to add:
"We know the market well and Ryalto offers something completely different. Workers that access Ryalto use it as their starting point every day. They check company news, pick up important changes in policies and procedures, complete short feedback surveys, hear from their leaders, connect with each other on the messenger and book and manage their flexible work schedule. They do this whilst enjoying an app that works and feels like their favourite social apps and all on their own phone or tablet, anytime and anywhere! There's nothing quite like Ryalto and now is the perfect time for Ryalto to shine."
More detail about Ryalto can be found here: https://ryaltogroup.com/
Further information about nGAGE Talent can be found here: https://www.ngagetalent.com
Legal support was provided to nGAGE by Mishcon de Reya and to the seller by Keystone Law. M&A advice was provided to the seller by Goldenhill International M&A Advisors.
