Cloud based digital canvas solution provider Prysm on Thursday acquired Kaybus, a company that develops secure, cloud-based knowledge automation software for enterprises. This acquisition would help the company to offer more enhanced and secure enterprise-grade application Suite.
“We are very pleased to announce that both the Kaybus technology and the entire Kaybus team are now joining the Prysm family,” said Amit Jain, CEO of Prysm. “The enterprise-grade quality that our customers have come to expect from us will be further enhanced by this acquisition, and we are working quickly to incorporate the many advantages that Kaybus brings to our application suite.”
The company said the integration of the Kaybus development team and technology into its application suite is already underway and all Kaybus employees, based primarily in California and India, have already joined the firm.
Post integration, the company believes, its application suite for enterprises would add a number of enhancements. A wide range of mission-critical enhancements from the acquisition are expected to benefit end users and application administrators across four key areas:
· Security enhancements – New configuration options and flexible tools for administrators will help ensure adherence to strict enterprise security standards
· Enhanced language flexibility – New user interfaces and documentation in local languages will encourage adoption among end users during global implementations
· Robust search functionality – Enhanced search enables specific content searches across Prysm projects and workspaces, using criteria filters to quickly find data and information
· Enterprise-grade and secure single sign-on – Streamlined approach saves administration time as users leverage sign-on without sacrificing security
“This is a strategic technology acquisition for Prysm,” explained Ira M. Weinstein, senior analyst and partner at Wainhouse Research. “The Prysm environment excels at helping users create and collaborate across various types of content, and integrating the Kaybus technology into its portfolio will make that content searchable, more easily accessible, and more valuable to Prysm customers.”