Last night the Helsinki Facebooks and Twitters were abuzz with the news that Flowdock has been acquired by Boulder, Colorado-based Rally Software. Flowdock will continue to stay as an independent product, but will be integrated more closely with AgileZen, Rally's project management app. The financial details of the acquisition were not disclosed.
If you haven't seen our past coverage, Flowdock is team collaboration software built with developers in mind. Flowdock pluggs into tools like Pivotal Tracker, GitHub, as well as customer feedback channels like Zendesk. A full list of features can be found here. In November of 2011, Flowdock received $650,000 seed funding from Gil Penchina, CrunchFund, Marten Mickos, and IDG Ventures.
Last night we got the chance to talk with CEO Otto Hilska about Flowdock's $650,000 seed funding round. The team of 8, currently working out of Helsinki, develops a web and desktop application that allows teams to easily track issues and collaborate in real time.
Flowdock first began talks with investors at the beginning of September, and Hilska describes the funding round as more of a happy surprise than a standard Angellist deal. Hilska was working out of Silicon Valley doing customer demonstrations, when another startup spotted their product and mentioned it to one of their investors. Flowdock wasn't seriously looking for funding at the time, but was happy to accept a deal put together by Gil Penchina, CrunchFund, Marten Mickos, and IDG Ventures.
We have been following Flowdock quite regularly since its launch back in 2009. Flowdock is an online collaboration tool for organizations and teams to effectively communicate with each other, pretty much like Yammer. It originated from the idea of having a tool to effectively manage the number of hours put up in a project, thus providing a platform to organize the organizations.
Flowdock, which claims to be the best team messenger out there, has gone into production and paid mode as of this morning. We covered Flowdock back in October 2009 when they were just coming out with their product. They've come a long way since and it makes for an interesting story to cover, especially from a go-to-market point of view. I had a brief chat with Otto Hilska, one of the founders and CTO of Flowdock. During the last year, more or less the whole time of their beta program, they have managed to gather interest from 6000 teams who have used their product.
A Finnish startup Flowdock is coming out with a new real-time collaboration tool Flowdock. On the face of it, it looks like the company has combined Yammer and Google Wave into a one service which currently runs in the browser.
Flowdock has been developed by the same founders that are behind Nodeta, a software developing consultancy that also offers hosting services. Now they are building a new independent product and have assembled an own team to make it happen. They are considering spinning the company into its own entity, but at least for the moment its living under Nodeta's legal entity.
The idea for the product was born out of a need that the founders had when they did not find a good product to log hours for the client projects they did. As with most products, what came out is something completely different as the idea evolved.