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Mo

Sector:
Software & Services
Exit type:
Trade Sale

Mo provides proprietary technology to help organisations reduce employee churn and improve employee engagement and satisfaction. Mo’s core product, ‘Moments’, is an intra-company social media platform that encourages employees to share and celebrate the moments that matter at work. During Calculus’s holding period, Mo built an impressive portfolio of enterprise clients, featuring leading names such as Ocado, Axol, William Hill, Crowne Plaza and SGN.

The exit comes via the acquisition of Mo by UKG, a leading global AI platform unifying HR, pay, and workforce management based in the U.S.. UKG’s Workforce Operating Platform is used by 80,000 organizations in 150+ countries, from the smallest businesses to more than 70% of the Fortune 500. With a focus on the frontline workforce, UKG solutions help organizations use data to elevate productivity, culture, and the customer experience. The exit has delivered up to a 1.8x return for Calculus investors. For the Calculus VCT, it generates an additional £1.53 million in cash for the portfolio, further supporting the fund’s annual target tax-free dividend yield for shareholders.