Vivek Paul-promoted Kinetic Glue - a leader in enterprise social collaboration tool has been acquired by Houston based BMC Software for an undisclosed sum. The deal is said to be sealed six weeks ago. Founded in 2007, Kinetic Glue enables organizations for smooth online collaboration for distributed teams, allowing them to manage people, documents and projects easily.
Following the acquisition Paul is moving out from the Bangalore based company. According to media reports, he has plans to do another startup. Prior to Kinetic Glue, Paul led the medical equipment business for GE in India and helped Wipro grow from $150 million in revenues to a $1.4-billion global firm. He also founded Akansa Capital, and was a partner at TPG, a leading private equity investment firm.
After building businesses for more than a decade for others, Paul decided to launch an entrepreneurial startup, KineticGlue, a social platform for companies to engage their people and find solutions. Launched in 1980 BMC Software reported a revenue of $484 million during the first quarter of current financial year.
With nearly 10,000 users, Kinetic Glue already counts Future Group, Dell India and L&T among its top customers. BMC Software helps more than tens of thousands of IT organizations around the world - from small and mid-market businesses to the Global 100 Approximately 96% of the Forbes Global 100 and 81% of Fortune 500 companies rely on BMC Software