Aditi acquires IP of chat application

Aditi Technologies, the Bangalore-headquartered outsourced product development firm, has acquired the intellectual property rights for MindAlign 6, an application for enterprise group chat, from Parlano, which was recently acquired by Microsoft.

As part of the deal, Aditi acquired 56 customers including five of the top seven global banks, who presently use MindAlign 6.

A majority of the customers are leading financial services firms spread across the US and Europe, including UBS, Lehman Brothers, Royal Bank of Scotland, Deutsche Bank, Citigroup, HSBC, Bank of America, Wachovia, CIBC and Standard Chartered Bank, the company said in a statement.

Most of the customers rely on Mindalign 6 as their main communication channel and inter-team collaboration mechanism, where email is slow in being effective.

Pradeep Singh, founder and CEO of Aditi, said, "It strengthens our focus in the collaboration and unified communications space, which is the next frontier in enterprise computing.

MindAlign is a very sticky application widely used by financial services firms, and it gives us a great launch pad to enter this exciting space with a strong IP-based solutions".

Aditi aims to use the product as a launch pad to enter the enterprise collaboration space where it will focus on building product-IP based solutions for global financial services institutions. Aditi is in the process of rolling an aggressive growth plan for the business.