Performaworks

About Performaworks

Performaworks, founded in 1997, established itself as a developer of goal-driven performance management software. The company's core business revolves around providing a web-based platform designed for human resources functions, specifically targeting employee and customer surveys, competency measurement, and development planning.

The software facilitates performance database management, along with data compilation and analysis, offering a comprehensive suite for HR professionals. In addition to its software offerings, Performaworks also provides performance management consulting services. The company's solutions were designed to be scalable and configurable, catering to organizations with employee counts ranging from 2,000 to as large as 400,000. A notable achievement was a multi-lingual compensation solution that saw a 99.6% adoption rate in a deployment to over 400,000 employees across 70 countries.

Operating in the Application Software industry, Performaworks served large global organizations, helping them manage significant workforce expenditures such as employee benefits and performance-driven compensation. Its offerings were built on a common platform that could be integrated with a client's existing IT infrastructure. The company was headquartered in Raleigh, NC. Over its history, Performaworks raised a total of $22 million in funding from investors including Deson Ventures and Pequot Ventures. The company's journey as an independent entity concluded on March 4, 2004, when it was acquired by Workscape.