Comprehensive software reviews to make better IT decisions
Start-up Swit Raises $6 Million in Seed Funding
Swit, a team collaboration suite that combines team communication and high-performance task management, has raised $6 million in additional seed funding to support its rapid growth in the team collaboration app market.
Korea Investment Partners, joined by Hyundai Venture Investment Corporation and Mirae Asset Venture Investment, led this round of seed funding.
Founded in 2017, Swit’s total seed funding now reaches $7 million, with Kakao Ventures investing $1 million last year.
Swit released its apps in March 2019 and currently registers 450 companies.
Source: Info-Tech Research Group, Vendor Landscape: Collaboration Platforms
The team collaboration market is valued at $45 billion, featuring giants such as Slack and Microsoft Teams. Yet there is no one singular collaboration app, and 91% of businesses use at least two messaging apps.
Swit’s unique selling point, then, is to offer a complete team collaboration hub that integrates messaging with productivity tools. Unifying communications in this way streamlines businesses by removing redundant and overlapping services.
However, be wary of Swit’s potential. Following the release of Microsoft Teams (the same year as Swit’s founding), businesses may opt to stick with Office 365. Given most businesses purchase an Office 365 license to access Word, Excel, and other features, Teams is already available to many and, furthermore, can be integrated with Planner. There is no exceptional incentive for businesses to switch Office 365 (a well-used unified communications service) for Swit.
Source: SoftwareReviews, Report Published July 2019
Want to Know More?
COVID-19 has not only initiated emergency remote work – it has also forced organizations to gaze into the looming economic abyss because of the pandemic lockdowns. In this climate, organizations should look in-house to see what communication and collaboration tools can be leveraged to optimize remote work. This note explores how organizations with Office 365 licenses can leverage Microsoft Teams as their collaboration hub.
Adoption is one of the biggest challenges that organizations deal with when implementing commercial project management tools. Amid a global pandemic, this challenge has only been exasperated with many working from home.
The impact of COVID-19, as it became a global pandemic in Q1 of 2020, has affected user sentiment toward software during a growing period of fear, uncertainty, and doubt. To analyze the impact, SoftwareReviews compared Satisfaction (willingness to recommend to a peer), ability to deliver Business Value (fair cost to value), and Likeliness to Renew prior to March 10 and post March 10.
GitHub has announced that, effective April 14, 2020, all of its core features will be free for everyone. This will include private development within organizations that have previously paid for some subscription plans.
As the world responds to the spread of the novel coronavirus COVID-19, closed schools in some affected areas are turning to eLearning and web conferencing to maintain continuity in course delivery and/or studying.
Google’s G-Suite Surpasses 2 Billion Active Monthly Users
Cafe X has launched Challo, a new collaboration solution that enables cross-company team collaboration.
BizDevOps transforms product delivery into a team sport that is centered around collaborative and collective ownership of delivery using the best of Agile and Lean development methods.
Microsoft announces the addition of a new plan and changes to its Firstline Worker plans. The new M365 plan will slot in below the current Firstline Worker plan.