The 55 Group acquires well being tech model
Hull-based The 55 Group has expanded its portfolio of companies with the acquisition of a well being know-how model.
Moodbeam, which can also be primarily based in Hull, was featured on the likes of ITV’s This Morning and Channel 4 throughout the first coronavirus lockdown, and expanded and developed its providing dramatically all through the pandemic.
Turning into a digital-first providing via the event of an organisational dashboard, the software program allowed companies to visualise morale inside their groups and apply organisational modifications to enhance employees wellbeing.
The connection between The 55 Group and Moodbeam dates again to 2019, when the group’s Pagabo model ran trials of the then-wearable wristband format of Moodbeam on building websites for schemes procured via its frameworks, with nearly 400 contributors concerned from 13 companies.
Most just lately, Moodbeam developed a cellular app providing, which permits any consumer to trace and see developments of their psychological wellbeing from any cellular machine.
With the acquisition now full, it should be a part of The 55 Group’s portfolio of manufacturers together with Pagabo, Sypro and Loop. It’s set to combine most intently with Pagabo’s procurement software program, My Pagabo, which operates largely inside the building trade.
Gerard Toplass, group chief government at The 55 Group, mentioned: “Moodbeam is a very distinctive piece of know-how, so we’re actually happy to be saying this acquisition and bringing it into our suite of software program at The 55 Group.
“Our mission is to utilise know-how to create a greater world, with our construction offering a platform for progress and integration between our manufacturers. This will probably be no completely different as we carry Moodbeam into our wider portfolio, the place it should have a major affect on the development trade and search to take away the taboo that also sadly exists.
“The development sector goes the gap when taking care of bodily well being as a result of shut affiliation with security, however as our wider understanding of psychological wellbeing grows it can’t be ignored. The size of this significance is simply actually understood when inspecting statistics, which present that two folks working inside the trade die by suicide each working day. Merely put, it is one thing we now have to deal with now, breaking down taboos and making a marked distinction to help our folks.”
Moodbeam was based in 2016 by the Gadget Store founder and Red5 co-founder, Jonathan Elvidge, and former journalist Christina Colmer McHugh, who devised Moodbeam after her daughter grew to become anxious in school.