
Microsoft Readies New Financial Cloudīefore leaving Microsoft this week it is worth noting that its promise of new clouds focused on specific verticals is starting to take shape. How the market responds to this is difficult to predict, but competitors will face an uphill battle. Microsoft intends to dominate the market by combining Ally.io with the other elements of Viva.
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The OKR category is an emerging and fast-growing space. Ally.io responds to this by giving everyone in the organization visibility and clarity into the entire work process, connecting everyday work to the company’s strategic objectives. The shift to hybrid has made it more challenging to keep every leader, team and individual aligned and moving to the same rhythm. Flexibility and remote work have always been important, Koenigsbauer wrote, but so is the desire to do meaningful work. He added that from a wider perspective, the acquisition responds to the changing reality of work. Kirk Koenigsbauer, Microsoft COO of experiences and devices, wrote a blog post explaining what will happen next: "We’ll be investing to bring Ally.io into the Microsoft cloud, evolve the existing integrations with Microsoft Teams, and weave Ally.io into Viva, Office, Power BI and the broader set of Microsoft 365 apps and services." In practical terms this means that Microsoft 365 will offer performance management - along with everything else - at the very heart of Microsoft 365. If the launch of Viva itself didn’t shake up the market, then this will provide direct competition to the likes of Asana and other performance management platforms like CultureAmp, Workboard, 15Five, Perdoo and others. The addition of Ally.io will give Viva added employee experience muscle by providing Viva users with access to goal management, goal sharing and objectives and key results (OKR) monitoring.

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Microsoft announced Thursday it had acquired Seattle-based Ally.io, a start-up that provides software to help organizations keep track of their progress on key goals.
