Slack acquires SaaS startup Rimeto
Slack has acquired software as a service startup company Rimeto, the company announced Wednesday. The financial terms of the acquisition were not disclosed. The acquisition is a natural fit with Slack. Channels make it easy to find the information you need and understand what your team is working on. N
Rimeto was founded by Ted Zagat, Neville Bowers, and Maxwell Hayman, who previously held senior positions at Facebook across the social network’s video, commerce, and monetization teams. Ted Zagat also led his eponymous business, Zagat, which was acquired by Google in 2011.
In a blog post, Rimeto founders said,
We’re excited to announce that Rimeto has been acquired by Slack (NYSE: WORK). We founded Rimeto nearly four years ago to help people collaborate at work by reinventing the enterprise directory. People can’t work together effectively if they don’t understand each other; and the traditional “directory” of names, titles, and contact information doesn’t provide the context people need in today’s fast-paced, cross-functional, increasingly remote workplace.
Rimeto offers an enterprise wide, searchable directory, automatically integrating information from across your company to deliver rich profiles of every employee, their skills, experience, and current projects. Before the acquisition, Rimeto had raised $10 million in venture funding, builds a detailed employee dictionary for companies.
Slack said the acquisition will help its users fell more “connected,” especially as several offices continue to work at home during the Covid-19 pandemic.
“Rimeto’s advanced profile and directory features will be integrated into Slack directly, but we will also continue to offer Rimeto as a standalone product and support their existing enterprise customers,” Slack CEO Stewart Butterfield said in a release.
“We’ve been on a mission to help everyone easily find and understand their colleagues – and all of the groups, teams, and projects within their organization,” said Rimeto founder Ted Zagat. “Joining Slack is a special opportunity to accelerate the impact and reach of the product we’ve spent years building. We couldn’t be more excited to help make Slack an even better platform for bringing human connection and collaboration to life.”
“At Expedia Group, we use both Slack and Rimeto to give our employees a better way to work together by making it easier to collaborate, access and share information,” said Chris Burgess, Vice President of Global IT at Expedia Group. “I’m excited to see these two companies come together given how we’ve seen both platforms deliver significant value across our organization.”