Oak is a globally scalable cloud-based platform with flexible software that makes it suitable for businesses of all sizes, used by hundreds of thousands of people every day across a multitude of sectors. Oak Engage allows businesses to engage and connect their people through its mobile app and SaaS (Software as a Service) platform. The cloud-based, next-generation software provides a range of internal communications tools that integrate seamlessly with office applications, helping improve productivity with feeds, collaboration hubs and advanced search.
The product has a very broad set of additional proprietary functionality, including rota management, instant messenger, surveys, opinion polls, employee recognition, trending content and push notifications. Oak works with some of the world’s biggest brands including Aldi, Five Guys, Halfords and ITV to name a few, and have become intranet software experts and thought leaders within the employee engagement industry.
Maven originally invested back in 2018 via the Maven Investor Partners network and the Finance Durham Fund to strengthen the company’s sales and marketing, expand the roll-out of its software, and develop its team. Since the initial investment, the business has experienced strong growth, and now supports a number of enterprise-sized corporates with an impressive customer base of FTSE 100 and multinational clients.
Oak is a hugely exciting business, which addresses a large and growing market and we are delighted to support the roll-out of its innovative cloud-based software across the UK and overseas. A proven, fast growing technology company led by a strong, experienced management team, the platform is globally scalable and has been designed with user experience, engagement and simplicity at its core. Used by hundreds of thousands of people every day across a multitude of sectors, the business is well placed to revolutionise the employee engagement industry as intranets increasingly become a vital component in the operations of any organisation.
Michael Vassallo, Investment Partner at Maven
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