SkyWeaver, which enables search, discovery and advertising on the social web, has acquired the assets of envIO Networks.
envIO’s CEO, Manish Jha, will lead the combined company as President and CEO. Additionally, key members of envIO’s technology organization will join the SkyWeaver team.
“The envIO Networks assets will accelerate SkyWeaver’s mission — helping consumers, content owners and advertisers derive more value from the torrent of tweets, updates, and check-ins on the social web. envIO’s intellectual property portfolio, critically acclaimed products, proven and scalable technology platform, select business relationships, and engineering talent, will create a sustainable competitive advantage for SkyWeaver,” said Manish Jha.
“Social discovery, search and advertising represent the next frontier of growth on the internet. The combination of SkyWeaver and envIO assets, coupled with Manish’s experience, positions the company to win,” said Rob Soni. Rob, envIO board member, will join the SkyWeaver board as an observer.
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Fusion Corporate Partners 