Monday , January 30 2023

Microsoft acquires OKR software product


Microsoft has acquired an OKR product co-developed from scratch by PowerGate Software, a U.S. – Vietnam joint ventured software company, and its partners.

PowerGate Software’s workforce in Hanoi headquarters. Photo by PowerGate

PowerGate Software’s workforce in Hanoi headquarters. Photo by PowerGate

With over 10 years of experience in building hundreds of initial-stage products, PowerGate Software has worked alongside the partner of the project to lay the foundation for an OKR (objectives and key results) strategic goal-planning and execution management software.

The product raised tens of millions dollars within 3 years and was then acquired by Microsoft and released as a component of Microsoft Teams in Microsoft Viva and as an extension of Microsoft 365.

Bắt đầu từ bản xây dựng MVP. PowerGate cùng đối tác đã thành công đưa sản phẩm này ra mắt trên thị trường trong một thời gian ngắn. Và cũng chỉ trong vòng 3 năm, sản phẩm đã thành công kêu gọi vốn được hàng chục triệu USD trước khi được Microsoft mua lại.

The software’s deep integration with already-in-use business systems is a key and valued feature. Additionally, it serves as a platform for workers to gather communication information, knowledge, and resources from any location where they work. This has made it possible for these businesses to measure their development based on OKRs in the most effective way possible.

PowerGate Software’s team brainstorming ideas for projects. Photo by PowerGate

PowerGate Software’s team brainstorming ideas for projects. Photo by PowerGate

In conjunction with the Research & Development Lab, PowerGate Software is now developing cutting-edge technologies using artificial intelligence, machine learning and blockchain.

PowerGate Software is one of the leading Vietnam-based technology companies focused on delivering end-to-end services for a board cross section of end customers. The company’s services include software development and consultancy, and cloud-based solutions.

PowerGate Software’s workforce in a working session. Photo by PowerGate

PowerGate Software’s workforce in a working session. Photo by PowerGate

PowerGate Software operates at Tower C, Center Point Building, 219 Trung Kinh street, Cau Giay, Hanoi.

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