Infobip Rolls Out Stock Options to All Employees Worldwide
Infobip, a global cloud communications company, announced it is rolling out its ESOP (employee stock option plan) to all employees across the staff base ensuring everyone shares in the value they help to create. The company said in a statement that culture and talent have always been the driving force behind their success.
The new announcement demonstrates Infobip’s commitment to a philosophy of inclusion that forms the basis for its future as a company. The ESOP plan is in addition to employees’ current compensation packages. The move comes after a period of expansion following acquisitions of US voice provider Peerless Network, US messaging company OpenMarket, the Shift Conference franchise, and SMS firewall provider Anam, all marking important milestones in the company’s growth trajectory. Employees at all levels who are not currently part of the ESOP plan will be automatically enrolled. These include people at all levels across all offices worldwide. Stock options will be available for around 2,500 additional team members while all future new hires will automatically qualify.
“A crucial part of the employee value proposition, ESOP is the foremost initiative that rewards staff for their contribution to the company’s evolution through compensation over and above their salaries,” said Silvio Kutić, Infobip CEO. “It is an honor and a privilege for us to reach a juncture where we can make all staff a part of our growth story as shareholders. We already initiated the policy a few years back and extended ESOP to individuals who have been critical partners in our journey but today we have made this a universal benefit.”
“As an organization, we are now in the next phase of our exponential growth trajectory,” continued Kutić. “We need to make sure that everybody is fully invested in the ambitious growth plan we have in place over the next few years. That is how they will create value not only for the organization but themselves as individuals over time.”