Alibaba has Acquired Teambition

Alibaba

Alibaba has acquired Teambition, a real-time collaboration management platform. This new acquisition is the latest in Alibaba’s strategy for  making a foray into enterprise-facing technology. Teambition had earlier  raised $17 million in funding from investors including IDG Capital, Northern Light Venture Capital, and Gobi Partners.

Teambition consists of cloud-based project management tools, with functions as a combination of Trello, an Atlassian brand, a web-based list-making application, and Dropbox, a file hosting service that offers cloud storage. Teambition provides users with mobile and desktop apps to interact with the service in this solution; users collaborate on projects and share or edit documents in real time across departments, locations, and business units. In addition to the planning interface, there is a design for CRM, called Bingo, as well as a knowledge base where businesses can keep extra documentation and other collateral.

Alibaba has built an e-commerce platform, which it has productized as a service for third parties that it calls Alibaba Cloud, which offers the cloud-storage to users. In the cloud, planning and project management are a key pillar in the collaboration space alongside cloud services, especially to store and serve files and real-time communication services. This acquisition would add definitive value to AliBaba cloud services.

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Suprotik Sinha is the Global News Correspondent with OnDot Media. He writes about technologies and trending news in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries two years of experience in mainstream broadcast media where he worked as a reporter with Ibn7 and Zee Media in Mumbai.