RALEIGH – Workplace Options, a Raleigh-based provider of wellbeing and mental health solutions to some 80 million people around the world, is acquiring Triangle-based The Diversity Movement in a move to expand its suite of offerings to include diversity, equity and inclusion – the focus of TDM which is led by global DEI thought leader Donald Thompson.
Workplace Options, or WPO, is a growing company whose services are utilized by 56% of Fortune 500 companies.
The Diversity Movement, or TDM, will continue to operate as an independent company. It launched in 2019 and has been backed by venture capital investors.
The acquisition is being announced Tuesday. Financial terms weren’t disclosed. Both companies are privately held.
They also said that there are no plans for layoffs or job losses as a result of this acquisition. “Our commitment is to preserve and grow our talented workforce,” the companies said.
“Inclusive leadership, equitable opportunities, and employee engagement are top priorities for innovative and resilient organizations,” said Alan King, CEO of WPO, in the announcement. “Through this acquisition, and WPO’s expertise in providing wellbeing solutions anytime and anywhere, we will create culture-centric companies, while also helping people through The Diversity Movement’s groundbreaking, on-demand employee experience platform. Individually and together, we are committed to empowering every person to be their authentic self. WPO and TDM are aligned in our vision to make a transformative difference through innovation, technology, and a human-centric approach to holistic health.”
Thompson, who writes a weekly column for WRAL TechWire focusing on DEI and company management, is cofounder and CEO of TDM.
“TDM was founded with the audacious goal of improving people’s lives through culture change and diversity-led programming,” said Donald Thompson, CEO and Co-founder of The Diversity Movement. “We have created a powerhouse in digital learning, content, client success, and scalable employee experience solutions. WPO’s history of innovation and global success enables TDM to reach people around the world, ultimately creating workplace excellence that extends into families, communities, and society.”
WPO, founded in 1982 and based in North Raleigh, describes itself as “the largest independent provider of holistic wellbeing solutions” that include “customized programs” for clients and provides a “global network of credentialed providers and professionals.” Its customer base includes 116,000 companies and organizations spread across more than 200 countries.
The deal for TDM will help WPO “leverage TDM’s employee engagement platform and deliver its innovative products into more global markets through WPO’s technologies and networks,” the company says.
TDMs platform includes “end-to-end education, from front-line employees to a leadership assessment tool that measures cultural competency in executive team building. “