Lattice Accelerates International Expansion with $110 Million Investment in the UK

Lattice, the leading human resource management platform for people with a people-centric culture, today announces its first strategic expansion into the European market, including a $110 million investment in the UK over the next ten years. In addition, the company plans to hire 50 to 70 members over the next year, who are expected to join the local team in all marketing and support roles, including various leadership roles.

“A people strategy is always essential to building great businesses wherever they are,” said Jack Altman, CEO of Lattice. “We are excited to establish a presence in London to better collaborate with our European customers and partners and to leverage the talent of this global technology capital to help us remain innovative and evolving.”

The announcement follows the company’s electronic fundraising series in March, which generated a $60 million investment and increased the Lattice’s value to more than $1 billion, giving it a unicorn status.

Before officially establishing itself in Europe, Lattice served a growing portfolio of nearly 400 international clients, accounting for more than 12% of the company’s total revenue. The new team provides stronger regional support to existing customers and partners in Europe, which is an important and growing part of Lattice’s business.

“As the UK is one of our key markets, we are delighted to be working with an established performance and engagement management tool such as Lattice,” said Samantha Richards, UK Country Manager / Personio I, Software Provider HR – Lattice Company and Partner. “The integration will strengthen our cross-functional HR solution and further help European SMEs to improve the performance, engagement, and development of their people, moving their business forward.”

The growing emphasis on employee experience reflects the growing need for companies to explore their own management and engagement processes. According to Deloitte’s report on human capital trends in Europe, 54% of leaders envision their work processes for the future, compared to 28% before COVID-19. More and more companies are evaluating their outdated HR practices to better understand their employees’ performance and engagement and to drive their development and performance.

Make a significant change in human resources. A McKinsey & Company survey of HRK managers at some of Europe’s largest companies found that more than 98% of them are thinking about how HR can move from mechanistic skills and talent management to more focused and dynamic executives.

“The balance of power in the talent markets has changed dramatically in recent years and employees now have more choices than ever about where they want to work and whom they want to work for,” said Brennan O’Donnell, Frontline Ventures Partner, Series E Cycle Investor . . “Planning is at the forefront of what it means to build an employee-centric company for the cross-border and post-pandemic world of work.”

About Lattice

Lattice is the human resource management platform that helps HR managers build dedicated, high-performance teams. By combining continuous performance management, employee engagement, development, and training in one solution, human management teams benefit from powerful real-time analytics that leads to actionable insights that turn managers into leaders, employees into entrepreneurs workplaces.

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