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HomeStartupKovai.co Acquires Floik to Bolster Document360 with Interactive Product Demos

Kovai.co Acquires Floik to Bolster Document360 with Interactive Product Demos

Kovai.co, a prominent Coimbatore-based SaaS company specializing in enterprise software, has announced the acquisition of Floik, a Bengaluru-based platform known for creating interactive product demos and user guides. This strategic move allows Kovai.co to integrate Floik’s interactive features directly into its AI-powered knowledge management solution, Document360. Floik, backed by Elevation Capital, has gained popularity within the SaaS sector, with over 8,000 global users benefiting from its tools designed to enhance software adoption.

Saravana Kumar, CEO of Kovai.co, highlighted that this acquisition aligns with the company’s broader vision of a robust knowledge management solution. The integration of Floik is projected to drive a 35% increase in Document360’s revenue growth, as it transforms user experience with engaging, guided tutorials and product demos. Floik’s founder, Vartika Bansal, expressed enthusiasm for the partnership, seeing it as a vital step towards democratizing knowledge management and enhancing software adoption globally. Six core members from Floik’s team, including CTO Vidyasankar Krishnamurthy, will join Kovai.co to facilitate a seamless transition and continue innovating the platform.

Kovai.co’s acquisition of Floik underscores its commitment to expanding its capabilities, positioning Document360 as a leader in knowledge management with a user base of over 2,500 customers globally.

Credit: This article is based on information from Kovai.co’s announcement and industry reports.

Key Highlights:

  1. Kovai.co acquires Floik to enhance Document360’s interactive capabilities.
  2. Floik’s team will join Kovai.co, adding expertise to the integration.
  3. The acquisition aligns with Kovai.co’s growth strategy, aiming for a 35% increase in knowledge management revenue.
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