Wellness group Raiys has taken a significant step by acquiring streaming service Ashia in a strategic pre-pack deal. This acquisition highlights Raiys’ commitment to expanding its growth strategy and enhancing digital well-being solutions for its clients.
The acquisition of Ashia comes after its former parent, Scottish company Frog Systems, went into administration. Despite the challenges, this move secures jobs and marks a promising future for Ashia under Raiys’ ownership.
The acquisition of Ashia by Raiys signifies a monumental shift in the digital well-being sector. With Ashia’s focus on providing 24/7 well-being support for individuals and businesses, Raiys aims to extend its influence and service offerings. This strategic buyout not only secures the future of Ashia but also integrates its strengths into Raiys’ existing framework.
The integration of Ashia into Raiys will provide clients with robust real-time management data, supporting HR teams and managers in making informed decisions about employee well-being.
Raiys’ chief executive, James Murphy, remarked on the synergy between digital technology and well-being solutions, emphasizing the enhanced capability to offer a complete suite of services for diverse industries.
The transition has also ensured the retention of all nine employees from Ashia, bringing Raiys’ workforce to 75. This move highlights Raiys’ commitment to not only growth but also to preserving jobs and skillsets critical to its success.
Phil Worms, former CEO of Frog Systems, echoed similar sentiments, lauding the union of Raiys and Ashia as a comprehensive solution provider in the well-being industry.
The combination of data capabilities from both entities promises a forward-looking approach, offering clients actionable insights to enhance workplace wellness.
The acquisition of Ashia by Raiys not only preserves current jobs but also broadens Raiys’ service capabilities in the well-being sector. It highlights a progressive integration of digital solutions with traditional well-being practices for holistic employee support.
The acquisition of Ashia stands as a testament to Raiys’ strategic growth and commitment to workplace wellness solutions. This move not only ensures job security at Ashia but also enhances Raiys’ service portfolio, setting a robust foundation for future advancements in employee well-being strategies.
