SkyWeaver Acquires envIO Networks

envIO's technology and intellectual property to power SkyWeaver's next generation social search, discovery and advertising platform

Mar 09, 2011, 09:25 ET from SkyWeaver

NEW YORK, March 9, 2011 /PRNewswire/ -- (http://www.myprgenie.com/) -- SkyWeaver, Inc., (http://www.skyweaver.com/), which enables search, discovery and advertising on the social web, announced today that it has acquired the assets and select business relationships of envIO Networks, Inc.

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.  

envIO's technology is deployed with leading carriers like Bharti Airtel, the largest mobile operator in India with over 100 million subscribers, and its flagship app recommendation application, Chorus(TM), is currently available through the Apple(R) App Store(SM).

ABOUT SKYWEAVER

Powered by its patent-pending Social Genome(TM) technology, the SkyWeaver platform harnesses the power of the people we know and trust, and their activities, to help us find the most relevant information. SkyWeaver helps content owners propel their content in the social web by reaching the right users. SkyWeaver works with advertisers to find the most relevant targets for their goods and services. As the social web grows and the content that is being shared multiplies, the SkyWeaver platform helps consumers, content owners and advertisers filter, prioritize and target.  

Apple and App Store are trademarks and service marks of Apple Inc., registered in the U.S. and other countries.


For further information, please contact:

Nicole Rivera

Phone:  +1 917.686.6763

email: nicole@skyweaver.com




SOURCE SkyWeaver



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