SuccessFactors Acquires CubeTree
San Mateo-based SuccessFactors said Monday that it has acquired Redwood City-based CubeTree, in a deal worth $50M. SuccessFactors said the definitive agreement is worth $20M in SuccessFactors stock plus a contingent cash payment three years from closing. CubeTree develops social networking software for businesses, and was venture backed by Interwest Partners, Trinity Ventures, and Mitch Kapor.
posted on Monday, May 3, 2010
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