New York-based ShareWillow continues rapid growth, extending its incentive compensation leadership position with acquisition of Utah-based Plentive, a leader in bonus plan software.
NEW YORK, Oct. 11, 2024 /PRNewswire-PRWeb/ -- ShareWillow, a platform for small businesses to design and manage employee incentive plans, has announced today that it has acquired Plentive, a Utah-based bonus plan software company.
The acquisition immediately extends ShareWillow's leadership position and market share in the incentive compensation software space, making ShareWillow the clear choice for small businesses to design and manage incentive plans including profit sharing, bonus plans, and performance pay.
"Ryan Jolley and the Plentive team have built a brilliant product and that is shown by their large, loyal customer base," said Ryan Shank, CEO of ShareWillow. "We are extremely excited to continue to invest and innovate in this underserved market to help millions of small businesses achieve extraordinary results through employee incentive plans."
With the addition of the Plentive product, ShareWillow extends its capabilities to work with nearly all types of incentive plans including company-wide profit sharing, KPI-based incentives, job-based profit sharing, bonus plans with multipliers, performance pay, and so much more. Small businesses now have a platform that makes it easy to motivate their employees to act like owners and achieve extraordinary results.
"We have been thoroughly impressed with ShareWillow and with their desire to embrace the amazing tool that we created. It couldn't have gone to a better home," said Ryan Jolley, CEO of Plentive.
To learn more about ShareWillow check out their website at www.sharewillow.com.
About ShareWillow
ShareWillow was founded in 2023 as a platform to help small businesses design and manage employee incentive plans including profit sharing, bonus plans, and performance pay. ShareWillow helps businesses motivate their employees to act like owners and achieve extraordinary results.
About Plentive
Plentive's story begins with Jones and DeMille Engineering (JDE), where they realized traditional bonus systems weren't motivating their team as they'd hoped. After trying different approaches without success, in 2017 they spent over a year developing a new profit-sharing model. This became Plentive, a platform designed to inspire employee performance. Since implementing Plentive, JDE has seen their profits double and their team become engaged. Recognizing its potential, they decided to share Plentive with the world, hoping to inspire a culture of high performance everywhere.
Media Contact
Ryan Shank, ShareWillow, 1 208-435-8118, [email protected], www.sharewillow.com
SOURCE ShareWillow
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