LifeSpeak 5.0 Addresses Global Demand for
Mental Health Education with Significant Upgrades that further
Simplify User Experience and Increase Engagement
LifeSpeak Inc. (“LifeSpeak” or the “Company”) (TSX: LSPK), the
mental health and wellbeing platform for employee and
customer-focused organizations, today announced the latest
generation of its platform, LifeSpeak 5.0.
The newest version of the software-as-a-service (SaaS) – based
platform makes it even easier for employees, customers, and their
family members to find and engage with the most relevant expert-led
content to improve mental health and wellness outcomes. LifeSpeak
5.0 includes the new Learning Hub and Training Hub features,
enhanced functionality for discovery, a “bulletin board” option for
companywide communications, and a new, intuitive design for
improved user experience and increased ease of use.
“LifeSpeak continues to lead the market, providing our clients
and partners with the best quality solutions to meet their
organization's mental health and wellbeing needs. The latest
updates and features to the LifeSpeak platform are the result of
our learnings and experience working with hundreds of our
customers, which include some of the world's leading
organizations," said Michael Held, CEO, LifeSpeak. "As our latest
research has shown, business leaders recognize the value of
investing in mental health support but still need help meeting the
individual needs of their employees. We are uniquely positioned to
help more businesses and organizations close this gap as we execute
on our mission to help organizations destigmatize and improve the
mental health of their people.”
LifeSpeak 5.0 removes barriers to accessing mental health
support by optimizing the pathway towards expert-led education
resources. The platform's latest search functionality makes it easy
for users to discover specific content topics across a range of
formats, while video pages provide recommended connections to
related tools and tip sheets, as well as EAPs and other external
resources. The Learning and Training Hub houses customized content
“playlists” that provide an easily accessible, curated selection of
educational resources on a specific topic, giving business leaders
the ability to put critical content front and center. It also
offers the option to set it as either mandatory training or
optional learning.
LifeSpeak’s client bulletin board enables employers and partners
to communicate directly with their employees and customers and
helps to destigmatize mental health challenges. This feature
facilitates important connections that drive usage, such as
announcements to employees, messages from business leaders about
their commitment to employee mental health, upcoming wellness
initiatives, transcripts from LifeSpeak Mental Health Marathon
events, and more.
“LifeSpeak 5.0 was designed to address direct feedback from our
global client base and propelled by the urgent and ongoing global
need for mental health education that can be confidentially
accessed anytime and anywhere,” said Anna Mittag SVP, Product and
Services, LifeSpeak. “Clients that have transitioned to the new
platform are delighted with the enhanced user experience and
communication capabilities. They are especially excited about the
new Learning Hub feature, which was built in response to demand
from our clients to promote specific content on topics such as DEI,
depression, and anxiety. This is the most intuitive and supportive
version of the LifeSpeak platform yet.”
As LifeSpeak continues to grow its global footprint, the Company
has improved its multi-language capabilities, increasing
translations to twelve languages to meet demand from around the
world. Used already by numerous leading insurance and health plan
providers, LifeSpeak is developing additional features to reach new
growth markets, including university campuses and small businesses.
More than 80% of existing LifeSpeak clients and partners have
seamlessly moved to the 5.0 platform, and the upgrade comes at no
extra cost.
Following its IPO in July 2021, LifeSpeak has made three key
acquisitions, comprising digital-first caregiver support provider,
EnCompass Education Solutions, Inc. branded as Torchlight, online
wellness company LIFT Digital Inc., and cognitive behavioral
therapy platform, ALAViDA Health Ltd. With a client renewal rate of
approximately 95% and 70 trainings on average per 100 employees for
its enterprise clients over the course of a year -– these updates,
combined with resources through its acquisitions, position
LifeSpeak as a best-in-class mental health and wellness solution
for businesses and organizations.
To learn more about the LifeSpeak platform, please visit
https://lifespeak.com/what-we-offer/platform-overview/
About LifeSpeak Inc.
LifeSpeak is a leading software-as-a-service provider of a
platform for mental health and total wellbeing education for
organizations committed to taking care of their employees and
customers. With 17+ years of experience creating and curating
thousands of expert-led micro-learning videos and other digital
content, LifeSpeak’s proprietary library’s depth and breadth of
easily consumable content helps companies around the world support
their people anytime and anywhere. LifeSpeak serves a diverse
global client base across many industries and sectors, including
Fortune 500 companies, government agencies, insurance providers,
and other health technology firms. LifeSpeak is the parent company
of LIFT Digital Inc. (“LIFT” or “LIFT session), ALAViDA Health Ltd.
(“ALAViDA”), and EnCompass Education Solutions (“Torchlight). To
learn more, follow LifeSpeak on LinkedIn
(http://www.linkedin.com/company/lifespeak-inc), or visit
www.LifeSpeak.com.
Forward-Looking Information
This press release may include “forward-looking information”
within the meaning of applicable securities laws. Such
forward-looking information may include, but is not limited to,
information with respect to our objectives and the strategies to
achieve these objectives, as well as information with respect to
our beliefs, plans, expectations, anticipations, estimates and
intentions, including our goal to help organizations destigmatize
and improve the mental health of their people.
In some cases, but not necessarily in all cases, forward-looking
information can be identified by the use of forward-looking
terminology and phrases such as “forecast”, “target”, “goal”,
“may”, “might”, “will”, “could”, “expect”, “anticipate”,
“estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”,
“predict”, or “likely”, or the negative of these terms, or other
similar expressions intended to identify forward-looking
information, including references to assumptions. In addition, any
statements that refer to expectations, intentions, projections or
other characterizations of future events or circumstances contain
forward-looking information. Statements containing forward-looking
information are not historical facts nor guarantees or assurances
of future performance but instead represent management's current
beliefs, expectations, estimates and projections regarding possible
future events, circumstances or performance.
Forward-looking information is necessarily based on a number of
opinions, estimates and assumptions that, while considered
reasonable by LifeSpeak as of the date of this release, is subject
to known and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Important
factors that could cause actual results to differ, possibly
materially, from those indicated by the forward-looking information
include, but are not limited to, the risk factors identified under
"Risk Factors" in LifeSpeak's prospectus dated June 28, 2021 (the
“IPO Prospectus”), and in other periodic filings that LifeSpeak has
made and may make in the future with the securities commissions or
similar regulatory authorities in Canada, all of which are
available under LifeSpeak 's SEDAR profile at www.sedar.com.
LifeSpeak undertakes no obligation to publicly update any
forward-looking information, except as required by applicable
securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220106005246/en/
Allison Stokes fama PR for LifeSpeak LifeSpeak@famapr.com
LifeSpeak (TSX:LSPK)
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