By Suprotik Sinha - April 01, 2019 2 Mins Read
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.
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.
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