Bentonville-based RevUnit has acquired Teamvvork, a Las Vegas-based digital agency that builds software and provides digital marketing services.
With the acquisition, according to a press release from the company, RevUnit adds to its workforce already located in Las Vegas. The merger will bring the number of RevUnit employees in Las Vegas to 16. The company now has 51 total staff.
Financial terms of the deal were not disclosed.
“Teamvvork has a well-earned place within Las Vegas’ flourishing tech scene, and we’re excited for a partnership in which we can work to make Vegas a digital product development hub while also bringing Teamvvork’s skills and expertise to Northwest Arkansas,” RevUnit CEO Joe Saumweber said in the release. “Both RevUnit and Teamvvork have shared passions and nearly identical values, even though the companies were founded in different parts of the country. This acquisition brings Teamvvork’s ethos, expertise and achievements to the RevUnit team so that we can continue helping employees of today’s largest companies communicate, engage, learn, and be more productive.”
Founded in 2012, RevUnit specializes in software products that aim to increase productivity, learning, communication and engagement in the work place. Earlier this year, it relocated its headquarters in downtown Bentonville to a larger location at the Farmers Exchange building, according to the company.
“We are moving ahead with a smart, effective growth strategy as part of our mission to make work life better for millions of people through beautiful, usable technology,” Saumweber said in the release.
RevUnit’s clients include Wal-Mart Stores, Virgin Hotels and Purina, and Teamvvork’s clients include AGS, Allegiant, Steve Madden and Zappos, according to the press release.
Teamvvork co-founder and CEO Josh Stanley praised the acquisition.
“RevUnit is the perfect fit for us. They’re the company we hoped we’d be a few years down the line. We are united by a common culture based on putting people first and working alongside talented teams that push us to be better every day,” Stanley said in the release. “Both companies come from a place of caring deeply about making work better — environment, process, how you work and who you work with. That this is RevUnit’s core purpose — literally, to use technology to facilitate a better, more fulfilling work life — is incredibly exciting to us.”