Daum Kakao, the parent company of South Korea’s most popular messaging app KakaoTalk, announced yesterday it has wholly acquired Kids Note, the maker of a childcare app by the same name. Daum Kakao purchased 100 percent of Kids Note for an undisclosed sum, according to BeSUCCESS.
Kids Note is an app for kindergartens and daycares to communicate with parents. It has both English and Korean versions, but the large majority of the app’s 300,000 monthly active users reside in South Korea.
Kids Note digitizes several day-to-day functions that used to be done on ink and paper or face to face. Parents can receive alerts and announcements about upcoming events, required shots and other medication, and cafeteria meal plans. Parents can request real-time check ups on their kids, while teachers can post daily reports and pictures.
Daum Kakao plans to push Kids Note to one-third of childcare centers in Korea – a total of 14,000 kindergartens and private daycares nationwide.
K-Cube Ventures invested KRW 300 (US$273,000) million in 2012 and another KRW 500 million (US$455,000) in 2013 into Kids Note. Soon after, the government-run TIPS program matched the second investment, tacking on an additional KRW 500 million.
Kids Note will retain its branding and operate as a subsidiary of Daum Kakao. You can find it on Google Play, Apple App Store, and the web.
(Source: BeSUCCESS)
This post Daum Kakao acquires app that lets daycare centers to better communicate with parents appeared first on Tech in Asia.
Daum Kakao acquires app that lets daycare centers to better communicate with parents
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