Castik Funds has acquired a majority stake in Interact Software to enhance its position as a leader in the employee experience platform market.

Target Information

Interact Software is a prominent employee experience platform based in Manchester, UK, with an annual revenue exceeding £45 million. The company specializes in facilitating internal communication, enhancing knowledge sharing, and increasing employee engagement through its Software as a Service (SaaS) offerings. Interact provides a modular intranet platform that boasts a unified user interface and supports multi-channel communication, automated workflows, and comprehensive analytics. Its innovative approach includes differentiated employee experience modules powered by AI, mobile applications, onboarding features, and recognition programs. With a workforce of approximately 250 employees, Interact serves over 800 clients across global markets, focusing primarily on North America, EMEA, and the Middle East.

The company's strategic positioning allows it to capitalize on prevailing global trends that emphasize talent retention and the alignment of corporate culture within hybrid working environments. As organizations prioritize employee experience, Interact's robust service offerings provide a solid foundation for sustained growth in this sector.

Industry Overview

The employee experience platform industry, particularly in the UK, has seen significant evolution, driven by changes in work dynamics and the increasing importance of employee engagement. With a growing emphasis on remote and hybrid work models