ESW Capital LLC has acquired Sococo, Inc., a provider of empowering distributed teams in the virtual online workplace, through a prepackaged Chapter 11 corporate reorganization, the company said.
Sococo will become part of ESW´s Think3 portfolio, enabling the future of work through distributed teams and remote workers across more than 100 countries.
Sococo´s virtual office platform lets companies embrace the global distributed work revolution while maintaining the collaboration, culture, employee engagement/satisfaction, and business results that are expected when teams are co-located.
Think3´s innovative leadership and agile approach combined with Sococo´s technology and capabilities will provide the momentum to allow organization to come together in a virtual environment, regardless of distance.
ESW and Think3 have a strong history of strengthening and growing companies – developed from acquiring 75 companies over the last 15 years. Sococo customers will now be enrolled in the ESW/Think3 Customer Success program. This program is a proven approach for building strong customer partnerships and aligning product development with customer priorities. Sococo will also become a key component of the Think3 PRIME program giving customers the opportunity to utilize software across the portfolio at no additional charge.
Think3 is a USD 1 billion private equity fund designed to enable SaaS founders to take more shots on goal. For more information, visit www.think3.com.
Sococo is the online workplace where distributed teams come to work each day, side-by-side, no matter where team members might be. The Sococo Office Map allows individuals to be visible and present with colleagues in their online office, bringing real-time collaboration to life in a way that is not available through traditional messaging and collaboration tools. Learn more at www.sococo.com