Press release from Business Wire India
Thursday, December 09, 2010 01:00 AM IST (Wednesday, December 08, 2010 07:30 PM GMT)
Editors: General: Economy; Business: Accounting & management consultancy services, Financial Analyst, Information technology, Media & entertainment, Stock exchanges; Technology
KineticGlue Acquires Injoos
Acquisition to Expand presence in Social Business Applications for enterprises
Bangalore, Karnataka, India, Thursday, December 09, 2010 -- (Business Wire India) -- KineticGlue, an enterprise focused social collaboration company today announced the acquisition of Injoos, a company building social media tools for the enterprise. The acquisition expands KineticGlue's offerings and will accelerate its own product development.
"KineticGlue has built a strong installed base in large and medium sized companies in India over the last year and we have received terrific feedback on our product features and usability case studies" says Vivek Paul, adding that "The Injoos team and their product will strengthen and enhance our offerings for the Indian market across multiple industries. I am pleased to welcome the Injoos team to KineticGlue".
Enterprises across the world have turned to social applications to retain and engage talent, make information flows more collaborative, and unleash innovation. KineticGlue is a leader in this space in India and has already built strong industry expertise in Banking (Yes Bank, ICICI Bank), Healthcare (Fortis), Infotech (L&T), Retail (Future), Telecom (Airtel) and Education (BITS). In addition, KineticGlue already has over 200 medium to small sized companies in its network.
Injoos was founded in 2008 by Jagdish Vasishtha and Srinivas Seshadri, both formerly with Infosys. Jagdish and Srinivas will both join the company's board and respectively be COO and CTO of KineticGlue. Says Jagdish, 'There are few products that can improve productivity, enhance employee morale, and deliver on the innovation promise - all at the same time - so we are very excited about this opportunity. Customers from both companies have already endorsed the value we bring and this combination of technical strengths of Injoos and market reach of KineticGlue will create a global leader in social business".
Srini added "This combination allows us to offer more comprehensive integration with existing systems, including Microsoft and IBM, and allows us to create a social intelligence layer on top of existing applications. We remain committed to enterprise class security and access control. Being cloud based, we can provide any time any where, any device access".
Companies have used social applications to improve sales pursuits through real time collaboration, engage distribution partners through specialty communities, improved project management through common document repositories, reduce attrition by giving employees a chance to express their creativity, and enhanced new product development by increasing cross department connections.
KineticGlue Online Communities Pvt. Ltd. (www.kineticglue.com) is a leader in enterprise social collaboration. Based in Bangalore, it was founded in 2008 by design expert Meeta Malhotra and Vivek Paul, a globally recognized technology industry veteran. .
Meeta Malhotra, KineticGlue, email@example.com
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