Ikimbo Acquires Redmind

Ikimbo plans to integrate Redmind's archive software with its real-time applications to offer complete archiving, retrieval and analysis of real-time communication.

HERNDON, VA. – Ikimbo Inc., a leader in real-time applications, today announced it has acquired Redmind, a California-based company that creates applications based on instant messaging for the real-time enterprise. Ikimbo plans to integrate Redminds flagship product, Genius Archive, with its technology to provide full-featured archive, retrieval, and analysis capabilities for real-time communications.

Redmind is a very complementary fit with Ikimbo," said Todd Bramblett, Ikimbo CEO and president. This acquisition is in line with our strategy of acquiring companies that expand and strengthen our real-time communication offerings. With the acquisition of Redminds powerful archiving and retrieval technology, weve not only added another important module into our growing suite of real-time applications, but weve also taken another step in our drive to become a market leader in real-time communication solutions."

Genius Archive is a corporate instant messaging application that allows enterprises to archive instant messaging communications and extract business intelligence from these records. This business intelligence can be analyzed and used to monitor and initiate real-time notification and alerts. Deployed by enterprises using Lotus Sametime and Jabber, the application meets SEC 17a-4 and NASD 3101 compliance regulations.

Ikimbo plans to fully integrate the Genius Archive application with its own technology, and offer the software both as a separate product and as a key component in other planned products.

Rahul Ballal, Redminds CEO and president, has joined Ikimbo as director of business development. Mr. Ballal says, I founded Redmind with the belief that the IM paradigm will fundamentally change the business landscape. As such, we developed value-driven applications around IM to make it more viable to the enterprise. Now, we are taking the next step by uniting our technology with Ikimbo. Their management and business direction parallels our thinking, and I believe our combined technologies will provide the next logical and necessary step in transforming corporate IM from a simple tool to an integral real-time enterprise infrastructure."

Founded in November 2000, Redmind was a privately held venture backed startup funded by CommerceNet Investments (CNI) and headquartered in Silicon Valley.

###
About Ikimbo
Ikimbo is a leader in real-time applications for the enterprise. Our focus is real-time communication - between individuals, groups, and applications - across the enterprise and beyond, bringing together the extended supply chain in an accelerated communication network. Our products integrate with the existing enterprise information technology infrastructure, accelerating and managing the flow of communication in the real-time enterprise. Ikimbo makes instant messaging more than a convenience, leveraging instant messaging to accelerate the workflow of the real-time enterprise.