Groove wades into project management

Groove Networks said Monday it will resell a project management application from TeamDirection with its peer-to-peer collaboration software. The bundle, called Groove Workspace Project Edition, will include Groove's tools to share documents and communicate with co-workers. TeamDirection's Project and Dashboard applications are designed to help teams distribute tasks and track ongoing projects. The combined products are available from Groove for $199 per person.

Groove, which is trying to secure a lasting foothold in the market for corporate collaboration software, in March laid off about 20 percent of its work force. At the same time, the Beverly, Mass.-based company landed an additional round of $38 million in funding from current investors Microsoft, Intel Capital and Accel Partners.