Forbes for Kato
October 28, 2014
Last week news broke that enterprise team collaboration vendor Slack was in the midst of a funding round that was valuing the company at around $1 billion. A heady valuation for a young company. The reasons are clear, as innovation and agility become the key focuses for enterprises, many see a collaboration platform as an enabler for that agility. No matter that agility is much more about culture than it is technology – rolling out a collaboration platform is far easier than changing corporate culture is.
Given the massive attention in the space, it’s not surprising that other vendors are strongly chasing the enterprise dollar. Another player, Kato is launching Kato Enterprise, a scalable chat platform for large enterprises. The product is built upon Kato’s team product and, according to the company, they were planning on launching this in Q12015 – roughly 6 months after the launched Kato Teams – but they’ve been inundated with bigger companies looking for a platform that could allow for larger integration.