Hivemyne has completed a knowledge management buyout agreement with Realcom U.S.

Formed in 2008, Realcom U.S. is the developer of AskMe social business software. The company was established when Japan’s Realcom, a provider of business social media and knowledge management products and services, acquired the assets of Seattle-based AskMe Corporation.

Established companies such as Microsoft (News - Alert), Pratt & Whitney Rocketdyne, and Novartis use the AskMe product to build communities and socialize knowledge across departments, divisions and subsidiaries.

According to a release, Realcom U.S. executives established Hivemyne to pursue the management buyout and now Hivemyne has successfully acquired the AskMe product, patents and customer relationships.

As per the agreement, Hivemyne will continue providing service and support to current Realcom U.S. clients as well as market and sell AskMe.

Hivemyne will also make AskMe available for deployment as a subscription service in the cloud or on a network appliance.

"We are pleased to be carrying Realcom's vision forward by offering the market the class leading solution for knowledge management and social business software," said Hivemyne chief executive officer Peter Holland.

"The acquisition of the Realcom U.S. assets is a strategic purchase for us,” said Hivemyne chief marketing officer David Wachter. “We can immediately begin marketing AskMe, an award-winning product that has helped tens of thousands of knowledge workers over the last decade build knowledge capital.”

Read a related article at TMCnet “Knowledge Management to Drive Sustainable Competitive Advantage.”

This article discusses how building, sharing and executing on knowledge within the enterprise leads to market dominance.