Torch and Everwise Announce Strategic Partnership to Shape the Future of Learning and Development
SAN FRANCISCO--(BUSINESS WIRE)--Torch Leadership Labs, which provides high-impact, premium executive coaching through its online Torch software platform, today announced a strategic partnership with New York City based Everwise, a leading learning and development platform that provides employees with peer support, mentoring and facilitated learning. Now, as one company under the Torch brand, Torch will combine forces to offer the industry’s first complete end-to-end suite of leadership learning and development software for executives, employees and HR leaders. The new combined company will expand tools for employees merging technology, human coaching, social learning and mentorship for individual employees.
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“Our mission is to enrich organizations with mentorship, coaching and customized learning tools for every employee, at every stage of their career,” says Torch CEO and co-founder, Cameron Yarbrough. “We’re thrilled to unify two stellar leadership teams into one company, and one product, whose sole focus is to drive the right employee behaviors and outcomes across organizations. We know that by doing this, we help change the cultural landscape of companies everywhere.”
Torch coaches are former executives and business leaders with relevant operational experience who provide support and strategic insight to high-performing individuals at leading edge organizations. With its global community of more than 6,000 role-appropriate mentors with deep experience as operating executives around the world, Everwise supports customers like Gilead Sciences, Best Buy, T-Mobile, Zendesk and Genentech amongst others. In addition to its world-class coach and mentor matching, the combined Torch offering provides HR executives with a centralized place to track coaching and mentoring at scale.
“Companies looking to scale and gain a competitive advantage cannot overlook the importance of leveraging the full potential of their employees,” says Everwise co-founder and President, Colin Schiller. “The world needs more leaders dedicated to professional advancement through personal growth and our new company will enable this growth.”
As part of the partnership, former eBay executive Maynard Webb, the visionary behind Everwise, will serve as a Torch Board Observer. Webb serves on the Board of Directors of Salesforce and Visa and formerly served as Board Chair at Yahoo!
“I’m proud that at Everwise we built a platform that allows powerful mentoring relationships to happen at scale,” says Webb. “I believe the merger of Torch and Everwise is the best path to realize a purpose-driven mission.”
“Torch builds great leaders, who build great teams and great companies," says Edward Yip, partner at Norwest Venture Partners, and a member of the Torch board. "We’re thrilled to accelerate the Torch vision to empower people, transform organizations, and promote well-being throughout society," says Yip.
Torch is a premium leadership development software platform that integrates 1:1 coaching with world-class coaches, behavioral science, robust metrics, and agile feedback. Torch has coached over 1,500 leaders across 250 rapid-growth companies. Founded in 2017 by leadership coach, Cameron Yarbrough and psychologist, Keegan Walden, Ph.D., Torch was created to help companies scale leadership effectiveness with their senior-level executives. The Torch process is backed by a growth mindset, focused on elevating leadership while delivering meaningful results and a clear ROI.
Everwise delivers enterprise software and managed services that connect employees to the experts and insights they need to be successful at every stage of their career. Companies around the world leverage Everwise to deliver engaging, collaborative, and impactful shared learning experiences for individuals, teams and organizations.