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 is Bangalore based company founded in 2008 by design expert Meeta Malhotra and Vivek Paul(formely CEO of Wipro Technology)
Injoos was founded in 2008 by Jagdish Vasishtha and Srinivas Seshadri, both formerly with Infosys. Injoos team-ware organizes both content and collaboration technologies around team-based goals and enables contextual use of these technologies.Teams can quickly start working on projects and collaborate with friendly tools to achieve their goals while creating valuable knowledge assets.
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.
“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”.
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”.
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.